Abbreviated Company Accounts - MADSTOCKSPORTS LTD.

MADSTOCKSPORTS LTD. - Company Information

06253960 MADSTOCKSPORTS LTD. 2014-05-31 false 2013-09-01 2014-05-31 true 06253960 2013-09-01 2014-05-31 06253960 2014-05-31 06253960 2013-08-31 06253960 uk-gaap-cd-bus:Director1 2013-09-01 2014-05-31 06253960 uk-gaap-cd-bus:Director2 2013-09-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-09-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 06253960

MADSTOCKSPORTS LTD.

Abbreviated Accounts

31 May 2014

MADSTOCKSPORTS LTD. Registered Number 06253960

Abbreviated Balance Sheet as at 31 May 2014

	Notes	31/05/2014	31/08/2013
		£	£
Fixed assets
Tangible assets	2	2,149	2,149
		2,149	2,149
Current assets
Stocks		-	3,204
Debtors		221	-
Cash at bank and in hand		-	784
		221	3,988
Net current assets (liabilities)		221	3,988
Total assets less current liabilities		2,370	6,137
Creditors: amounts falling due after more than one year		(47,000)	(47,593)
Total net assets (liabilities)		(44,630)	(41,456)
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		(44,632)	(41,458)
Shareholders' funds		(44,630)	(41,456)

For the year ending 31 May 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 10 July 2014

And signed on their behalf by:
M JOHNSON, Director
C BOSTOCK, Director

MADSTOCKSPORTS LTD. Registered Number 06253960

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

1Accounting Policies

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

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life.
No depreciation has been provided for during the period to 31 May 2014 as the company ceased trading at period end.

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2013	8,465
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	8,465
Depreciation
At 1 September 2013	6,316
Charge for the year	-
On disposals	-
At 31 May 2014	6,316
Net book values
At 31 May 2014	2,149
At 31 August 2013	2,149

3Called Up Share Capital
Allotted, called up and fully paid:

	31/05/2014 £	31/08/2013 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	C Bostock and M Johnson
Description of the transaction:	Directors' Loan Account
Balance at 1 September 2013:	£ 47,552
Advances or credits made:	-
Advances or credits repaid:	£ 552
Balance at 31 May 2014:	£ 47,000

The company is under the control of the directors.