| My Sub Ltd |
| Registered number: |
08696264 |
| Abbreviated Balance Sheet |
| as at 30 November 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
7,040 |
|
|
3,520 |
| Tangible assets |
3 |
|
|
68,780 |
|
|
75,895 |
|
|
|
|
75,820 |
|
|
79,415 |
|
| Current assets |
| Stocks |
|
|
4,495 |
|
|
3,585 |
| Debtors |
|
|
6,267 |
|
|
1,536 |
| Cash at bank and in hand |
|
|
68,734 |
|
|
79,009 |
|
|
|
79,496 |
|
|
84,130 |
|
| Creditors: amounts falling due within one year |
|
|
(98,145) |
|
|
(26,873) |
|
| Net current (liabilities)/assets |
|
|
|
(18,649) |
|
|
57,257 |
|
| Total assets less current liabilities |
|
|
|
57,171 |
|
|
136,672 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(56,534) |
|
|
(113,342) |
|
|
|
| Net assets |
|
|
|
637 |
|
|
23,330 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
537 |
|
|
23,230 |
|
| Shareholders' funds |
|
|
|
637 |
|
|
23,330 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Rashpal Singh Sandhar |
| Director |
| Approved by the board on 18 March 2016 |
|
| My Sub Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and equipment |
20% reducing balance |
|
Motor vehicles |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
4,400 |
|
Additions |
4,400 |
|
At 30 November 2015 |
8,800 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 December 2014 |
880 |
|
Provided during the year |
880 |
|
At 30 November 2015 |
1,760 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
7,040 |
|
At 30 November 2014 |
3,520 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
92,523 |
|
Additions |
8,197 |
|
At 30 November 2015 |
100,720 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2014 |
16,628 |
|
Charge for the year |
15,312 |
|
At 30 November 2015 |
31,940 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
68,780 |
|
At 30 November 2014 |
75,895 |
|
|
|
|
|
|
|
|
| 4 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
69,669 |
|
81,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
