Abbreviated Company Accounts - MG DECORATORS LIMITED

Abbreviated Company Accounts - MG DECORATORS LIMITED

MG DECORATORS LIMITED - Company Information

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Registered Number 07175789

MG DECORATORS LIMITED

Abbreviated Accounts

31 March 2015

MG DECORATORS LIMITED Registered Number 07175789

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 675 -
675 -
Current assets
Debtors 15,148 5,589
Cash at bank and in hand 13,882 3,408
29,030 8,997
Creditors: amounts falling due within one year (14,297) (3,816)
Net current assets (liabilities) 14,733 5,181
Total assets less current liabilities 15,408 5,181
Total net assets (liabilities) 15,408 5,181
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,308 5,081
Shareholders' funds 15,408 5,181
  • For the year ending 31 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 6 November 2015

And signed on their behalf by:
Mrs E Gavrilova, Director

MG DECORATORS LIMITED Registered Number 07175789

Notes to the Abbreviated Accounts for the period ended 31 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.

Turnover policy
Turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer expenses – 33% straight line

2Tangible fixed assets
£
Cost
At 1 April 2014 -
Additions 898
Disposals -
Revaluations -
Transfers -
At 31 March 2015 898
Depreciation
At 1 April 2014 -
Charge for the year 223
On disposals -
At 31 March 2015 223
Net book values
At 31 March 2015 675
At 31 March 2014 -