Molben Ltd T/a Select Fitness,Ltd - Accounts

Molben Ltd T/a Select Fitness,Ltd - Accounts

MOLBEN LIMITED - Company Information

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2013-09-01 true false Private Limited Company 07354273 2014-08-31 07354273 2013-09-01 2014-08-31 07354273 2013-08-31 07354273 2012-09-01 2013-08-31 07354273 uk-bus:Director1 2013-09-01 2014-08-31 07354273 uk-gaap:MotorVehicles 2013-09-01 2014-08-31 07354273 uk-gaap:AfterOneYear 2013-08-31 07354273 uk-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP
Molben Ltd T/a Select Fitness
For the year ended 31 August 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07354273
2
Contents Page
Molben Ltd T/a Select Fitness
For the year ended 31 August 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Molben Ltd T/a Select Fitness
Accountants' Report
For the year ended 31 August 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
August 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil
your statutory responsibilities, from the accounting records and information and explanations supplied to us.
CT Associates
3 Conqueror Court
Sittingbourne
Kent
ME10 5BH
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4
Abbreviated Balance Sheet
Molben Ltd T/a Select Fitness
As at 31 August 2014
07354273
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
4,500
1,263
4,500
1,263
Current assets
Stocks
12,914
33,837
Debtors
-
3,932
Cash at bank and in hand
2,514
6,650
40,283
19,564
Creditors: amounts falling due within one year
(68,500)
(88,196)
(48,936)
(47,913)
Net current liabilities
Total assets less current liabilities
(43,413)
(47,673)
Creditors: amounts falling due after more than one year
3
(4,147)
-
(43,413)
Net liabilities
(51,820)
Capital and reserves
Called up share capital
100
4
100
Profit and loss account
(43,513)
(51,920)
(43,413)
(51,820)
Shareholders funds
For the year ended 31 August 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 18 February 2015
Mr D Hepburn Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Molben Ltd T/a Select Fitness
For the year ended 31 August 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Molben Ltd T/a Select Fitness
For the year ended 31 August 2014
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
2,995
At 01 September 2013
6,000
Additions
(2,995)
Disposals
At 31 August 2014
6,000
Depreciation
1,732
At 01 September 2013
(1,732)
Disposals
1,500
Charge for year
1,500
At 31 August 2014
Net book values
At 31 August 2014
4,500
1,263
At 31 August 2013
2013
2014
3 Creditors due after more than one year
£
£
-
4,147
Bank loans and overdraft
4 Share capital
Authorised
100 Ordinary shares of £1.00 each
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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