Maybury Gardens Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC412460 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

MAYBURY GARDENS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D I Smith

Mrs I Smith

Mrs A M Carty

D F Carty

REGISTERED OFFICE:

14 North Street

Sandwick

Isle of Lewis

HS2 0AD

REGISTERED NUMBER:

SC412460 (Scotland)

ACCOUNTANTS:

CIB Services

Chartered Accountants

63 Kenneth Street

Stornoway

Isle of Lewis

Western Isles

HS1 2DS

BANKERS:

Bank of Scotland

47 Cromwell Street

Stornoway

Isle of Lewis

HS1 2DE

FIXED ASSETS

562

Tangible assets

2

2,713

CURRENT ASSETS

36,000

Stocks

42,500

172

Debtors

172

16,153

Cash at bank

31,525

52,325

74,197

CREDITORS

46,339

Amounts falling due within one year

66,660

5,986

NET CURRENT ASSETS

7,537

6,548

TOTAL ASSETS LESS CURRENT LIABILITIES

10,250

CAPITAL AND RESERVES

100

Called up share capital

3

100

6,448

Profit and loss account

10,150

6,548

SHAREHOLDERS' FUNDS

10,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 1 September 2015 and were signed on its behalf by:

D I Smith - 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.

Plant and machinery etc

-

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 January 2014

1,000

Additions

2,864

At 31 December 2014

3,864

DEPRECIATION

At 1 January 2014

438

Charge for year

713

At 31 December 2014

1,151

NET BOOK VALUE

At 31 December 2014

2,713

At 31 December 2013

562

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided the company with interest free loans totalling £48,468 (2013 - £37,393).