Abbreviated Company Accounts - MAGNA (SOUTH) LIMITED

MAGNA (SOUTH) LIMITED - Company Information

05778930 MAGNA (SOUTH) LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 05778930 2014-05-01 2015-04-30 05778930 2015-04-30 05778930 2014-04-30 05778930 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 05778930 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 05778930

MAGNA (SOUTH) LIMITED

Abbreviated Accounts

30 April 2015

MAGNA (SOUTH) LIMITED Registered Number 05778930

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	13,377	15,922
		13,377	15,922
Current assets
Stocks		1,610	1,450
Debtors		835	-
Cash at bank and in hand		21,172	826
		23,617	2,276
Creditors: amounts falling due within one year		(33,383)	(17,566)
Net current assets (liabilities)		(9,766)	(15,290)
Total assets less current liabilities		3,611	632
Total net assets (liabilities)		3,611	632
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		3,609	630
Shareholders' funds		3,611	632

For the year ending 30 April 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 31 December 2015

And signed on their behalf by:
Mohammed Shamim, Director

MAGNA (SOUTH) LIMITED Registered Number 05778930

Notes to the Abbreviated Accounts for the period ended 30 April 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 value of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual of each asset over its expected useful life, as follows:

Leasehold properties - Straight line over the life of the lease

Fixtures, fittings and equipment - 20% reducing balance basis.

2Tangible fixed assets

	£
Cost
At 1 May 2014	52,182
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	52,182
Depreciation
At 1 May 2014	36,260
Charge for the year	2,545
On disposals	-
At 30 April 2015	38,805
Net book values
At 30 April 2015	13,377
At 30 April 2014	15,922

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2