Moogoo EU Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08064875 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

FOR

MOOGOO EU LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Jones

REGISTERED OFFICE:

87b Whitby Road

Slough

Berkshire

SL1 3DR

REGISTERED NUMBER:

08064875 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Tangible assets

2

7,834

4,641

CURRENT ASSETS

Stocks

79,654

34,744

Debtors

27,736

13,321

Cash at bank and in hand

183,550

69,805

290,940

117,870

CREDITORS

Amounts falling due within one year

209,977

137,795

NET CURRENT ASSETS/(LIABILITIES)

80,963

(19,925

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,797

(15,284

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

88,796

(15,285

)

SHAREHOLDERS' FUNDS

88,797

(15,284

)

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 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 1 February 2016 and were signed by:

C Jones - 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

5,029

Additions

4,582

At 31 May 2015

9,611

DEPRECIATION

At 1 June 2014

388

Charge for year

1,389

At 31 May 2015

1,777

NET BOOK VALUE

At 31 May 2015

7,834

At 31 May 2014

4,641

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

Moogoo Hong Kong Limited (incorporated in Hong Kong ) is regarded by the director as being the company's

ultimate parent company.