M M Clothing Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08300743 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2014

for

M M CLOTHING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Abidat

Mrs R Abidat

REGISTERED OFFICE:

26 Heddon Court Parade

Cockfosters

London

EN4 0DB

REGISTERED NUMBER:

08300743 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

31,475

41,863

CURRENT ASSETS

Stocks

100,000

60,000

Debtors

-

3,506

Cash at bank and in hand

3,362

1,506

103,362

65,012

CREDITORS

Amounts falling due within one year

171,708

71,669

NET CURRENT LIABILITIES

(68,346

)

(6,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,871

)

35,206

CREDITORS

Amounts falling due after more than one year

34,097

46,782

NET LIABILITIES

(70,968

)

(11,576

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(70,969

)

(11,577

)

SHAREHOLDERS' FUNDS

(70,968

)

(11,576

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 27 August 2015 and were signed on its behalf by:

Mr A Abidat - 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 invoiced sales of goods, 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

-

25% on reducing balance

Computer equipment

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

56,040

Additions

247

At 30 November 2014

56,287

DEPRECIATION

At 1 December 2013

14,177

Charge for year

10,635

At 30 November 2014

24,812

NET BOOK VALUE

At 30 November 2014

31,475

At 30 November 2013

41,863

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

£

1

Ordinary Share Capital

1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £12,054 to and was owed (2013 £3,506) by

the director, Mr A Abidat.