M K Trends Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04962281 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

M K TRENDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M A Jeatt Esq

REGISTERED OFFICE:

4 Prince Albert Road

London

NW1 7SN

REGISTERED NUMBER:

04962281 (England and Wales)

ACCOUNTANTS:

Scodie Deyong LLP

Chartered Accountants

4 Prince Albert Road

London

NW1 7SN

FIXED ASSETS

Tangible assets

2

49

65

CURRENT ASSETS

Debtors

7,708

8,574

CREDITORS

Amounts falling due within one year

6,638

8,367

NET CURRENT ASSETS

1,070

207

TOTAL ASSETS LESS CURRENT LIABILITIES

1,119

272

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,019

172

SHAREHOLDERS' FUNDS

1,119

272

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 January 2016 and were signed by:

M A Jeatt Esq - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Operating leases

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

1,312

DEPRECIATION

At 1 April 2014

1,247

Charge for year

16

At 31 March 2015

1,263

NET BOOK VALUE

At 31 March 2015

49

At 31 March 2014

65

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and 31 March 2014:

2015

2014

£

£

M A Jeatt Esq

Balance outstanding at start of year

3,017

4,820

Amounts advanced

13,317

23,939

Amounts repaid

(10,626

)

(25,742

)

Balance outstanding at end of year

5,708

3,017

The overdrawn balance in the director's current account was repaid by 31 December 2015.