Master Class (Liverpool) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08240665 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 4 October 2012 to 31 October 2013

for

MASTER CLASS (LIVERPOOL) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Ms J Meehan

A Simpson

J J Meehan

J G Meehan

REGISTERED OFFICE:

44 Kingsway

Waterloo

Liverpool

United Kingdom

L22 4RQ

REGISTERED NUMBER:

08240665 (England and Wales)

ACCOUNTANTS:

Heriot Hughes Chartered Accountants

42 Crosby Road North

Crosby

Merseyside

L22 4QQ

FIXED ASSETS

Intangible assets

2

784

Tangible assets

3

1,189

1,973

CURRENT ASSETS

Prepayments and accrued income

770

Cash at bank

1,694

2,464

CREDITORS

Amounts falling due within one year

10,593

NET CURRENT LIABILITIES

(8,129

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,156

)

CAPITAL AND RESERVES

Called up share capital

4

8

Profit and loss account

(6,164

)

SHAREHOLDERS' FUNDS

(6,156

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 4 August 2014 and were signed on its behalf by:

A Simpson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Amortisation

Intangible assets are depreciation on a 25% reducing balance basis over its useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the directors and

shareholders will continue to financially support the company during this initial trading period.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,045

At 31 October 2013

1,045

AMORTISATION

Amortisation for period

261

At 31 October 2013

261

NET BOOK VALUE

At 31 October 2013

784

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

1,586

At 31 October 2013

1,586

DEPRECIATION

Charge for period

397

At 31 October 2013

397

NET BOOK VALUE

At 31 October 2013

1,189

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

8

Ordinary

£1

8