Abbreviated Company Accounts - MAGICTRAIN LIMITED

Abbreviated Company Accounts - MAGICTRAIN LIMITED

MAGICTRAIN LIMITED - Company Information

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Registered Number 05455241

MAGICTRAIN LIMITED

Abbreviated Accounts

31 May 2015

MAGICTRAIN LIMITED Registered Number 05455241

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 106,785 106,785
106,785 106,785
Current assets
Debtors 6,961 3,208
Cash at bank and in hand 19,136 10,551
26,097 13,759
Creditors: amounts falling due within one year (103,277) (70,868)
Net current assets (liabilities) (77,180) (57,109)
Total assets less current liabilities 29,605 49,676
Total net assets (liabilities) 29,605 49,676
Capital and reserves
Called up share capital 3 3
Profit and loss account 29,602 49,673
Shareholders' funds 29,605 49,676
  • For the year ending 31 May 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 30 March 2016

And signed on their behalf by:
Declan Oliver Perkins, Director

MAGICTRAIN LIMITED Registered Number 05455241

Notes to the Abbreviated Accounts for the period ended 31 May 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 rents receivable during the year.

Tangible assets depreciation policy
No depreciation has been provided on land and buildings.

2Tangible fixed assets
£
Cost
At 1 June 2014 106,785
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 106,785
Depreciation
At 1 June 2014 -
Charge for the year -
On disposals -
At 31 May 2015 -
Net book values
At 31 May 2015 106,785
At 31 May 2014 106,785