Abbreviated Company Accounts - MISYS TRADE LTD

07976037 MISYS TRADE LTD 2015-03-31 false 2014-04-01 2015-03-31 true 07976037 2014-04-01 2015-03-31 07976037 2015-03-31 07976037 2014-03-31 07976037 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07976037 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 iso4217:GBP shares

Registered Number 07976037

MISYS TRADE LTD

Abbreviated Accounts

31 March 2015

MISYS TRADE LTD Registered Number 07976037

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	484	605
		484	605
Current assets
Debtors		3,420	760
Cash at bank and in hand		1,154	1,842
		4,574	2,602
Creditors: amounts falling due within one year		(4,955)	(2,291)
Net current assets (liabilities)		(381)	311
Total assets less current liabilities		103	916
Total net assets (liabilities)		103	916
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		102	915
Shareholders' funds		103	916

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 22 January 2016

And signed on their behalf by:
Mr Muhammad Ilhaq, Director

MISYS TRADE LTD Registered Number 07976037

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 January 2015.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	945
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	945
Depreciation
At 1 April 2014	340
Charge for the year	121
On disposals	-
At 31 March 2015	461
Net book values
At 31 March 2015	484
At 31 March 2014	605

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

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