Abbreviated Company Accounts - MAKEDIRECT LIMITED
Abbreviated Company Accounts - MAKEDIRECT LIMITED
Registered Number 03842120
MAKEDIRECT LIMITED
Abbreviated Accounts
30 September 2014
MAKEDIRECT LIMITED Registered Number 03842120
Abbreviated Balance Sheet as at 30 September 2014
| Notes | 2014 | 2013 | |
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| £ | £ | ||
| Fixed assets | |||
| Investments | 2 |
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| Current assets | |||
| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 3 |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 30 September 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
And signed on their behalf by:
MAKEDIRECT LIMITED Registered Number 03842120
Notes to the Abbreviated Accounts for the period ended 30 September 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 accounts are prepared on a going concern basis, the use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to conitnue as a going concern.
Compliance with the accounting standards
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).
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Deferred taxation
Deferred taxation is provided in full respect of taxation deffered by timing differences between the treatment of certain times for taxation and accounting purposes. The deferred tax balance has not been discounted.
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
2Fixed assets Investments
Audited accounts of Grey Holdings SA are not available. At 31 December 2014, unaudited management accounts of Grey Holdings SA indicate that the aggregate of share capital and reserves of the subsidiary undertaking amounted to £768, 144 (2013 - £833,828) and the loss for the year then ended was £12,035 (2013 - £13,296).