Abbreviated Company Accounts - MPA LEISUREWEAR LIMITED

MPA LEISUREWEAR LIMITED - Company Information

Registered Number 07001197

MPA LEISUREWEAR LIMITED

Abbreviated Accounts

31 August 2014

MPA LEISUREWEAR LIMITED Registered Number 07001197

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	2,500	-
Tangible assets	3	4,500	618
Investments		-	-
		7,000	618
Current assets
Stocks		9,000	-
Debtors		77,060	40,614
Investments		-	-
Cash at bank and in hand		9,968	9,881
		96,028	50,495
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(70,536)	(25,216)
Net current assets (liabilities)		25,492	25,279
Total assets less current liabilities		32,492	25,897
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(776)	(124)
Accruals and deferred income		0	0
Total net assets (liabilities)		31,716	25,773
Capital and reserves
Called up share capital		200	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		35,000	25,000
Profit and loss account		(3,484)	673
Shareholders' funds		31,716	25,773

For the year ending 31 August 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 29 May 2015

And signed on their behalf by:
J B Collins, Director

MPA LEISUREWEAR LIMITED Registered Number 07001197

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment over 5 years

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 September 2013	0
Additions	10,000
Disposals	0
Revaluations	0
Transfers	0
At 31 August 2014	10,000
Amortisation
At 1 September 2013	0
Charge for the year	7,500
On disposals	0
At 31 August 2014	7,500
Net book values
At 31 August 2014	2,500
At 31 August 2013	0

3Tangible fixed assets

	£
Cost
At 1 September 2013	771
Additions	4,074
Disposals	0
Revaluations	0
Transfers	0
At 31 August 2014	4,845
Depreciation
At 1 September 2013	153
Charge for the year	192
On disposals	0
At 31 August 2014	345
Net book values
At 31 August 2014	4,500
At 31 August 2013	618