M G S Developments Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03857702 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 30 September 2015

for

M G S Developments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M G Saint

Mrs M A Saint

Mrs C A Saint

J Saint

Mrs B K Saint

B A Powell

Mrs H M Powell

N C B Powell

SECRETARY:

Mrs M A Saint

REGISTERED OFFICE:

Unit 4 Braxells Farm

Winchester Road Botley

Southampton

Hampshire

SO32 2BX

REGISTERED NUMBER:

03857702 (England and Wales)

ACCOUNTANTS:

Butler & Co (Bishops Waltham) Limited

Chartered accountants

Avalon House

Waltham Business Park

Brickyard Road, Swanmore

Southampton

Hampshire

SO32 2SA

CURRENT ASSETS

Stocks

-

184,929

Debtors

4

616

Cash at bank

227,525

4,128

227,529

189,673

CREDITORS

Amounts falling due within one year

133,101

125,410

NET CURRENT ASSETS

94,428

64,263

TOTAL ASSETS LESS CURRENT LIABILITIES

94,428

64,263

CAPITAL AND RESERVES

Called up share capital

2

100

100

Profit and loss account

94,328

64,163

SHAREHOLDERS' FUNDS

94,428

64,263

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 15 December 2015 and were signed on its behalf by:

M G Saint - 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.

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.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

100

Ordinary

£1

100

100