THE_REAL_MCCOY_LIMITED - Accounts

THE REAL MCCOY LIMITED - Company Information

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Company Registration No. 06811372 (England and Wales)

THE REAL MCCOY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2015

THE REAL MCCOY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

THE REAL MCCOY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

30 April 2015

28 February 2014

Notes

Fixed assets

Intangible assets

122,855

Current assets

Debtors

Creditors: amounts falling due within one year

(130,694)

Net current liabilities

(130,684)

Total assets less current liabilities

(7,829)

Capital and reserves

Called up share capital

Profit and loss account

(7,839)

Shareholders' funds

(7,829)

For the financial period ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 January 2016

Mr R L Nevies

Director

Company Registration No. 06811372

THE REAL MCCOY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the forseeable future. The validity of this assumption depends on the continued support of the company's directors and creditors.

If the company was unable to continue in operational existence for the forseeable future, adjustments would have to be made to reduce the values of assets to their recoverable amounts, and to provide for further laibilities that might arise.

1.2

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

The products are currently at prototype stage.

In the opinion of the directors no impairment of the patents is considered necessary.

Fixed assets

Intangible assets

Cost

At 1 March 2014 & at 30 April 2015

122,855

Net book value

At 30 April 2015

122,855

At 28 February 2014

122,855

Share capital

2015

2014

Allotted, called up and fully paid

10 Ordinary shares of £1 each