Abbreviated Company Accounts - M + J TRADING LTD

Registered Number 02508636

M + J TRADING LTD

Abbreviated Accounts

30 June 2015

M + J TRADING LTD Registered Number 02508636

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	473	706
		473	706
Current assets
Stocks		19,279	35,516
Debtors		94,592	86,669
Cash at bank and in hand		100	20,699
		113,971	142,884
Creditors: amounts falling due within one year		(18,946)	(48,399)
Net current assets (liabilities)		95,025	94,485
Total assets less current liabilities		95,498	95,191
Total net assets (liabilities)		95,498	95,191
Capital and reserves
Called up share capital		100	100
Profit and loss account		95,398	95,091
Shareholders' funds		95,498	95,191

For the year ending 30 June 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 17 December 2015

And signed on their behalf by:
W TANG, Director

M + J TRADING LTD Registered Number 02508636

Notes to the Abbreviated Accounts for the period ended 30 June 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 33% on written down value

2Tangible fixed assets

	£
Cost
At 1 July 2014	3,167
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	3,167
Depreciation
At 1 July 2014	2,461
Charge for the year	233
On disposals	-
At 30 June 2015	2,694
Net book values
At 30 June 2015	473
At 30 June 2014	706