Abbreviated Company Accounts - MANDI'S BASEMENT LIMITED

MANDI'S BASEMENT LIMITED - Company Information

07974470 MANDI'S BASEMENT LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 07974470 2014-05-01 2015-04-30 07974470 2015-04-30 07974470 2014-04-30 07974470 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 07974470 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 07974470

MANDI'S BASEMENT LIMITED

Abbreviated Accounts

30 April 2015

MANDI'S BASEMENT LIMITED Registered Number 07974470

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	1,666
Tangible assets	3	1,000	2,000
		1,000	3,666
Current assets
Debtors	4	33,515	36,852
Cash at bank and in hand		3,836	646
		37,351	37,498
Creditors: amounts falling due within one year		(37,873)	(39,268)
Net current assets (liabilities)		(522)	(1,770)
Total assets less current liabilities		478	1,896
Total net assets (liabilities)		478	1,896
Capital and reserves
Called up share capital	5	1	1
Profit and loss account		477	1,895
Shareholders' funds		478	1,896

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 29 January 2016

And signed on their behalf by:
Amanda Lennard, Director

MANDI'S BASEMENT LIMITED Registered Number 07974470

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 comprises revenue recognized by the company in respect of services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and fittings - 25% straight line

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 3 years.

2Intangible fixed assets

	£
Cost
At 1 May 2014	5,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	5,000
Amortisation
At 1 May 2014	3,334
Charge for the year	1,666
On disposals	-
At 30 April 2015	5,000
Net book values
At 30 April 2015	0
At 30 April 2014	1,666

3Tangible fixed assets

	£
Cost
At 1 May 2014	4,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	4,000
Depreciation
At 1 May 2014	2,000
Charge for the year	1,000
On disposals	-
At 30 April 2015	3,000
Net book values
At 30 April 2015	1,000
At 30 April 2014	2,000

4Debtors

During the year the company had an outstanding loan account with A Lennard, the director of the company. Advances totalling £70,407 (2014: £69,276) and credits totalling £62,718 (2014:£65,249) were made. Interest at a rate of 3.25% (2014: 4%) totaling £1,216 (2014:£1,543) was charged to the loan account. The loan account has no fixed repayment terms. At the year end, A Lennard owed company £31,757 (2014: £22,852).

5Called Up Share Capital
Allotted, called up and fully paid:

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