MGN (Rugby) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07528523 (England and Wales)

MGN (Rugby) Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

Page

Company Information

1

Report of the Accountants

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

M Ferriman

N A Jalees

REGISTERED OFFICE:

27 Albert Street

Rugby

Warwickshire

CV21 2SG

REGISTERED NUMBER:

07528523 (England and Wales)

ACCOUNTANTS:

Vanmali & Co Ltd

Chartered Certified Accountants

25A High Street

Daventry

Northamptonshire

NN11 4BG

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to six) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2015 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Vanmali & Co Ltd

Chartered Certified Accountants

25A High Street

Daventry

Northamptonshire

NN11 4BG

Date: .............................................

FIXED ASSETS

Intangible assets

2

7,200

8,400

Tangible assets

3

3,215

1,600

10,415

10,000

CURRENT ASSETS

Debtors

23,796

11,188

Cash at bank

9,243

822

33,039

12,010

CREDITORS

Amounts falling due within one year

11,823

8,505

NET CURRENT ASSETS

21,216

3,505

TOTAL ASSETS LESS CURRENT LIABILITIES

31,631

13,505

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

30,631

12,505

SHAREHOLDERS' FUNDS

31,631

13,505

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

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

The directors acknowledge their 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 Board of Directors on 9 February 2016 and were signed on its behalf by:

N A Jalees - 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 goods, excluding value added tax.

Goodwill

Goodwill

10% straight line basis

Tangible fixed assets

Fixtures & fittings

20% straight line basis

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

12,000

AMORTISATION

At 1 June 2014

3,600

Amortisation for year

1,200

At 31 May 2015

4,800

NET BOOK VALUE

At 31 May 2015

7,200

At 31 May 2014

8,400

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

3,420

Additions

2,874

At 31 May 2015

6,294

DEPRECIATION

At 1 June 2014

1,820

Charge for year

1,259

At 31 May 2015

3,079

NET BOOK VALUE

At 31 May 2015

3,215

At 31 May 2014

1,600

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

1

1,000

1,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2015 and

31 May 2014:

2015

2014

£

£

N A Jalees

Balance outstanding at start of year

-

-

Amounts advanced

2,199

-

Amounts repaid

-

-

Balance outstanding at end of year

2,199

-

Loan advance to director is subject to 4.5% interest.