Abbreviated Company Accounts - MAK (MILE END) LIMITED
Abbreviated Company Accounts - MAK (MILE END) LIMITED
Registered Number 05834710
MAK (MILE END) LIMITED
Abbreviated Accounts
31 January 2015
MAK (MILE END) LIMITED Registered Number 05834710
Abbreviated Balance Sheet as at 31 January 2015
Notes | 31/01/2015 | 31/10/2013 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Stocks |
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Debtors |
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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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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 January 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
And signed on their behalf by:
MAK (MILE END) LIMITED Registered Number 05834710
Notes to the Abbreviated Accounts for the period ended 31 January 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Fixtures & Fittings - 10% reducing balance
Intangible assets amortisation policy
Goodwill - Amortised over 3 years on reducing balance.
Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Other accounting policies
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Amortisation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 39,576 |
At 31 October 2013 | 39,576 |
£ | |
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Cost | |
At 1 November 2013 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 November 2013 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 317,090 |
At 31 October 2013 | 360,598 |