Abbreviated Company Accounts - MYEGO LTD

05846893 MYEGO LTD 2015-06-30 false 2014-07-01 2015-06-30 true 05846893 2014-07-01 2015-06-30 05846893 2015-06-30 05846893 2014-06-30 05846893 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 05846893 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 05846893

MYEGO LTD

Abbreviated Accounts

30 June 2015

MYEGO LTD Registered Number 05846893

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,603	2,593
		2,603	2,593
Current assets
Stocks		18,000	10,800
Debtors		1,355	1,078
Cash at bank and in hand		807	5,673
		20,162	17,551
Creditors: amounts falling due within one year		(60,934)	(53,690)
Net current assets (liabilities)		(40,772)	(36,139)
Total assets less current liabilities		(38,169)	(33,546)
Total net assets (liabilities)		(38,169)	(33,546)
Capital and reserves
Called up share capital	3	2,000	2,000
Profit and loss account		(40,169)	(35,546)
Shareholders' funds		(38,169)	(33,546)

For the year ending 30 June 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 24 March 2016

And signed on their behalf by:
M Dehghani, Director

MYEGO LTD Registered Number 05846893

Notes to the Abbreviated Accounts for the period ended 30 June 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.

The company has net liabilities as at the balance sheet date. Its only major creditors are its directors and with their continued support the company can meet its day to day working capital requirements. Therefore, these accounts have been prepared under the going concern basis.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery 25% reducing balance
Computer equipment 33.33% straight line

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

2Tangible fixed assets

	£
Cost
At 1 July 2014	13,669
Additions	877
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	14,546
Depreciation
At 1 July 2014	11,076
Charge for the year	867
On disposals	-
At 30 June 2015	11,943
Net book values
At 30 June 2015	2,603
At 30 June 2014	2,593

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

	2015 £	2014 £
2,000 Ordinary shares of £1 each	2,000	2,000