Abbreviated Company Accounts - M.A.F.H.S. LTD

08447742 M.A.F.H.S. LTD 2015-03-31 false 2014-04-01 2015-03-31 true 08447742 2014-04-01 2015-03-31 08447742 2015-03-31 08447742 2014-03-31 08447742 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08447742 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 08447742

M.A.F.H.S. LTD

Abbreviated Accounts

31 March 2015

M.A.F.H.S. LTD Registered Number 08447742

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	82,800	87,400
Tangible assets	3	1,184	1,579
		83,984	88,979
Current assets
Stocks		17,059	12,411
Debtors		3,162	5,841
Cash at bank and in hand		9,796	8,647
		30,017	26,899
Creditors: amounts falling due within one year		(104,955)	(113,865)
Net current assets (liabilities)		(74,938)	(86,966)
Total assets less current liabilities		9,046	2,013
Total net assets (liabilities)		9,046	2,013
Capital and reserves
Called up share capital	4	2	1
Profit and loss account		9,044	2,012
Shareholders' funds		9,046	2,013

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 21 December 2015

And signed on their behalf by:
R Saxby, Director

M.A.F.H.S. LTD Registered Number 08447742

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the costs less residual value of each asset over its expected useful life, as follows:-
Fixtures, fittings and equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal installments over its estimated useful economic life of 20 years.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets

	£
Cost
At 1 April 2014	92,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	92,000
Amortisation
At 1 April 2014	4,600
Charge for the year	4,600
On disposals	-
At 31 March 2015	9,200
Net book values
At 31 March 2015	82,800
At 31 March 2014	87,400

3Tangible fixed assets

	£
Cost
At 1 April 2014	2,105
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	2,105
Depreciation
At 1 April 2014	526
Charge for the year	395
On disposals	-
At 31 March 2015	921
Net book values
At 31 March 2015	1,184
At 31 March 2014	1,579

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 A Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each (0 shares for 2014)	1	0