Abbreviated Company Accounts - M.A.G. ENGINEERING SERVICES LIMITED

Abbreviated Company Accounts - M.A.G. ENGINEERING SERVICES LIMITED

M.A.G. ENGINEERING SERVICES LIMITED - Company Information

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Registered Number 05575855

M.A.G. ENGINEERING SERVICES LIMITED

Abbreviated Accounts

26 March 2015

M.A.G. ENGINEERING SERVICES LIMITED Registered Number 05575855

Abbreviated Balance Sheet as at 26 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 57,760 31,372
57,760 31,372
Current assets
Stocks 12,000 6,235
Debtors 146,627 100,837
Cash at bank and in hand 103,044 23,427
261,671 130,499
Creditors: amounts falling due within one year (190,564) (136,099)
Net current assets (liabilities) 71,107 (5,600)
Total assets less current liabilities 128,867 25,772
Creditors: amounts falling due after more than one year (24,421) (4,103)
Total net assets (liabilities) 104,446 21,669
Capital and reserves
Called up share capital 600 600
Share premium account 13,300 13,300
Profit and loss account 90,546 7,769
Shareholders' funds 104,446 21,669
  • For the year ending 26 March 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 30 October 2015

And signed on their behalf by:
Mr M Bushell, Director
Mr G Stanton, Director

M.A.G. ENGINEERING SERVICES LIMITED Registered Number 05575855

Notes to the Abbreviated Accounts for the period ended 26 March 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.

2Tangible fixed assets
£
Cost
At 27 March 2014 82,254
Additions 42,945
Disposals (15,000)
Revaluations -
Transfers -
At 26 March 2015 110,199
Depreciation
At 27 March 2014 50,882
Charge for the year 10,776
On disposals (9,219)
At 26 March 2015 52,439
Net book values
At 26 March 2015 57,760
At 26 March 2014 31,372