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 2014

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

Abbreviated Balance Sheet as at 26 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 31,372 39,629
31,372 39,629
Current assets
Stocks 6,235 1,900
Debtors 100,837 82,400
Cash at bank and in hand 23,427 6,746
130,499 91,046
Creditors: amounts falling due within one year (136,099) (110,436)
Net current assets (liabilities) (5,600) (19,390)
Total assets less current liabilities 25,772 20,239
Creditors: amounts falling due after more than one year (4,103) (12,700)
Total net assets (liabilities) 21,669 7,539
Capital and reserves
Called up share capital 600 600
Share premium account 13,300 13,300
Profit and loss account 7,769 (6,361)
Shareholders' funds 21,669 7,539
  • For the year ending 26 March 2014 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 15 September 2014

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 2014

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 2013 82,254
Additions -
Disposals -
Revaluations -
Transfers -
At 26 March 2014 82,254
Depreciation
At 27 March 2013 42,625
Charge for the year 8,257
On disposals -
At 26 March 2014 50,882
Net book values
At 26 March 2014 31,372
At 26 March 2013 39,629