Margarita & Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07732845 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Margarita & Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

5

DIRECTOR:

Miss M Gagalaeva

REGISTERED OFFICE:

9 Meridian Road

London

SE7 8QJ

REGISTERED NUMBER:

07732845 (England and Wales)

ACCOUNTANTS:

ABN Accounting Limited

Angela Bennett MAAT, CAT

56 Manger Road

London

N7 9TQ

FIXED ASSETS

Tangible assets

2

3,487

3,517

3,487

3,517

CURRENT ASSETS

Stocks

4,501

2,600

Debtors

815

1,660

Cash at bank

84

620

5,400

4,880

CREDITORS

Amounts falling due within one year

9,070

5,144

NET CURRENT LIABILITIES

(3,670

)

(264

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(183

)

3,253

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(184

)

3,252

SHAREHOLDER FUNDS

(183

)

3,253

(183

)

3,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 9 September 2015 and were signed by:

Miss M Gagalaeva - 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, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

4,689

Additions

1,522

At 31 August 2015

6,211

DEPRECIATION

At 1 September 2014

1,172

Charge for year

1,552

At 31 August 2015

2,724

NET BOOK VALUE

At 31 August 2015

3,487

At 31 August 2014

3,517

3.	CALLED UP SHARE CAPITAL

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to four) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015 set out on pages one to twenty and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

ABN Accounting Limited

Angela Bennett MAAT, CAT

56 Manger Road

London

N7 9TQ

9 September 2015