Mysteryred Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08620801 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 23 July 2013 to 31 July 2014

for

Mysteryred Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C J Sharrocks

G Roe

REGISTERED OFFICE:

Rowan House

Duffield Road

Little Eaton

Derby

DE21 5DR

REGISTERED NUMBER:

08620801 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

2

24,558

CURRENT ASSETS

Stocks

4,600

Debtors

3

25,053

Cash at bank and in hand

8,782

38,435

CREDITORS

Amounts falling due within one year

98,655

NET CURRENT LIABILITIES

(60,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(35,662

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(35,664

)

SHAREHOLDERS' FUNDS

(35,662

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2014 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 24 March 2015 and were signed on its behalf by:

C J Sharrocks - 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 sales of goods and services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on 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.

Deferred tax

Deferred tax is recognised in respect of all material timing differences.

A deferred tax asset is recognised only when it is more likely than not that there will be suitable taxable

profits from which the future reversal of underlying timing differences and losses can be deducted.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

28,892

At 31 July 2014

28,892

DEPRECIATION

Charge for period

4,334

At 31 July 2014

4,334

NET BOOK VALUE

At 31 July 2014

24,558

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 6,937

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

2

Ordinary

£1

2

2 Ordinary shares of £1 were issued during the period for cash of £ 2 .