Abbreviated Company Accounts - THE MODEL TEAM LIMITED

THE MODEL TEAM LIMITED - Company Information

SC315559 THE MODEL TEAM LIMITED 2015-01-31 false 2014-02-01 2015-01-31 true SC315559 2014-02-01 2015-01-31 SC315559 2015-01-31 SC315559 2014-01-31 SC315559 uk-gaap-cd-bus:Director1 2014-02-01 2015-01-31 SC315559 uk-gaap-cd-bus:Director2 2014-02-01 2015-01-31 uk-gaap-cd-bus:Director3 2014-02-01 2015-01-31 uk-gaap-cd-bus:Director3 2015-01-31 uk-gaap-cd-bus:Director3 2014-01-31 iso4217:GBP shares

Registered Number SC315559

THE MODEL TEAM LIMITED

Abbreviated Accounts

31 January 2015

THE MODEL TEAM LIMITED Registered Number SC315559

Abbreviated Balance Sheet as at 31 January 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	15,000	15,000
Tangible assets	3	14,498	15,071
		29,498	30,071
Current assets
Debtors		16,730	22,451
Cash at bank and in hand		19,263	11,453
		35,993	33,904
Creditors: amounts falling due within one year		(19,397)	(31,809)
Net current assets (liabilities)		16,596	2,095
Total assets less current liabilities		46,094	32,166
Total net assets (liabilities)		46,094	32,166
Capital and reserves
Called up share capital		1	1
Profit and loss account		46,093	32,165
Shareholders' funds		46,094	32,166

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 14 October 2015

And signed on their behalf by:
M O'Brien, Director

THE MODEL TEAM LIMITED Registered Number SC315559

Notes to the Abbreviated Accounts for the period ended 31 January 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 for services excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at 25% reducing balance per annum in order to write off each asset over its estimated useful life

Intangible assets amortisation policy
Goodwill is not being amortised.

2Intangible fixed assets

	£
Cost
At 1 February 2014	15,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	15,000
Amortisation
At 1 February 2014	0
Charge for the year	-
On disposals	-
At 31 January 2015	0
Net book values
At 31 January 2015	15,000
At 31 January 2014	15,000

3Tangible fixed assets

	£
Cost
At 1 February 2014	22,634
Additions	275
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2015	22,909
Depreciation
At 1 February 2014	7,563
Charge for the year	848
On disposals	-
At 31 January 2015	8,411
Net book values
At 31 January 2015	14,498
At 31 January 2014	15,071

4Transactions with directors

Name of director receiving advance or credit:	M O'Brien
Description of the transaction:	Directors Loan
Balance at 1 February 2014:	£ 0
Advances or credits made:	£ 6,194
Advances or credits repaid:	-
Balance at 31 January 2015:	£ 6,194