Abbreviated Company Accounts - MC BRIDE RETAIL MULLAGHMORE LIMITED

Abbreviated Company Accounts - MC BRIDE RETAIL MULLAGHMORE LIMITED

MC BRIDE RETAIL MULLAGHMORE LIMITED - Company Information

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Registered Number NI602744

MC BRIDE RETAIL MULLAGHMORE LIMITED

Abbreviated Accounts

31 July 2015

MC BRIDE RETAIL MULLAGHMORE LIMITED Registered Number NI602744

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 1,553,610 1,631,290
Tangible assets 3 118,492 114,819
1,672,102 1,746,109
Current assets
Stocks 89,023 111,905
Debtors 15,570 883
Cash at bank and in hand 26,567 1,882
131,160 114,670
Creditors: amounts falling due within one year (1,618,058) (1,724,535)
Net current assets (liabilities) (1,486,898) (1,609,865)
Total assets less current liabilities 185,204 136,244
Total net assets (liabilities) 185,204 136,244
Capital and reserves
Called up share capital 2 2
Profit and loss account 185,202 136,242
Shareholders' funds 185,204 136,244
  • For the year ending 31 July 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 17 February 2016

And signed on their behalf by:
PETER MCBRIDE, Director

MC BRIDE RETAIL MULLAGHMORE LIMITED Registered Number NI602744

Notes to the Abbreviated Accounts for the period ended 31 July 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 is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:
Plant & machinery 20% reducing balance
Fixtures, fittings and equipment 20% reducing balance
Motor vehicles 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated economic useful life of 25 years

2Intangible fixed assets
£
Cost
At 1 August 2014 1,942,010
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 1,942,010
Amortisation
At 1 August 2014 310,720
Charge for the year 77,680
On disposals -
At 31 July 2015 388,400
Net book values
At 31 July 2015 1,553,610
At 31 July 2014 1,631,290
3Tangible fixed assets
£
Cost
At 1 August 2014 208,012
Additions 29,041
Disposals -
Revaluations -
Transfers -
At 31 July 2015 237,053
Depreciation
At 1 August 2014 93,193
Charge for the year 25,368
On disposals -
At 31 July 2015 118,561
Net book values
At 31 July 2015 118,492
At 31 July 2014 114,819