Abbreviated Company Accounts - MAVI'S RETAIL LIMITED

MAVI'S RETAIL LIMITED - Company Information

06867022 MAVI'S RETAIL LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 06867022 2014-05-01 2015-04-30 06867022 2015-04-30 06867022 2014-04-30 06867022 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 06867022 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:Director3 2014-05-01 2015-04-30 uk-gaap-cd-bus:Director3 2015-04-30 uk-gaap-cd-bus:Director3 2014-04-30 iso4217:GBP shares

Registered Number 06867022

MAVI'S RETAIL LIMITED

Abbreviated Accounts

30 April 2015

MAVI'S RETAIL LIMITED Registered Number 06867022

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	50,000	60,000
Tangible assets	3	9,877	10,769
		59,877	70,769
Current assets
Stocks		37,500	37,500
Debtors		30,772	35,544
Cash at bank and in hand		27,074	17,680
		95,346	90,724
Creditors: amounts falling due within one year		(122,662)	(140,222)
Net current assets (liabilities)		(27,316)	(49,498)
Total assets less current liabilities		32,561	21,271
Creditors: amounts falling due after more than one year		(26,142)	(15,118)
Total net assets (liabilities)		6,419	6,153
Capital and reserves
Called up share capital		100	100
Profit and loss account		6,319	6,053
Shareholders' funds		6,419	6,153

For the year ending 30 April 2015 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 13 August 2015

And signed on their behalf by:
P Singh, Director

MAVI'S RETAIL LIMITED Registered Number 06867022

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery etc - 25% on reducing balance

2Intangible fixed assets

	£
Cost
At 1 May 2014	90,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	90,000
Amortisation
At 1 May 2014	30,000
Charge for the year	10,000
On disposals	-
At 30 April 2015	40,000
Net book values
At 30 April 2015	50,000
At 30 April 2014	60,000

3Tangible fixed assets

	£
Cost
At 1 May 2014	29,398
Additions	1,000
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	30,398
Depreciation
At 1 May 2014	18,629
Charge for the year	1,892
On disposals	-
At 30 April 2015	20,521
Net book values
At 30 April 2015	9,877
At 30 April 2014	10,769

4Transactions with directors

Name of director receiving advance or credit:	P Singh
Description of the transaction:	Director's Advances, Credits and Guarantees
Balance at 1 May 2014:	£ 51,339
Advances or credits made:	£ 47,395
Advances or credits repaid:	£ 50,598
Balance at 30 April 2015:	£ 48,136