Abbreviated Company Accounts - MARGINGATE LIMITED

MARGINGATE LIMITED - Company Information

01462546 MARGINGATE LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 01462546 2014-05-01 2015-04-30 01462546 2015-04-30 01462546 2014-04-30 01462546 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 01462546 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 01462546

MARGINGATE LIMITED

Abbreviated Accounts

30 April 2015

MARGINGATE LIMITED Registered Number 01462546

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	23,747	27,028
		23,747	27,028
Current assets
Stocks		9,532	11,527
Debtors		21,403	21,403
Cash at bank and in hand		13,301	100
		44,236	33,030
Creditors: amounts falling due within one year		(91,189)	(109,731)
Net current assets (liabilities)		(46,953)	(76,701)
Total assets less current liabilities		(23,206)	(49,673)
Total net assets (liabilities)		(23,206)	(49,673)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(23,306)	(49,773)
Shareholders' funds		(23,206)	(49,673)

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 January 2016

And signed on their behalf by:
Mr Colin Riach, Director

MARGINGATE LIMITED Registered Number 01462546

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 invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation of plant and machinery using 25% reducing balance method.
Depreciation of fixtures, fittings and equipment using 25% reducing balance method.

Other accounting policies
Stock
Stock is valued at the lower of cost and net realisable value.

Going Concern
The company is fully supported for the financing of the working capital of the company by the director through his personal guarantee and his personal finance.

2Tangible fixed assets

	£
Cost
At 1 May 2014	220,722
Additions	502
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	221,224
Depreciation
At 1 May 2014	193,694
Charge for the year	3,783
On disposals	-
At 30 April 2015	197,477
Net book values
At 30 April 2015	23,747
At 30 April 2014	27,028

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100