Abbreviated Company Accounts - MAGUIRE & CO LIMITED

MAGUIRE & CO LIMITED - Company Information

Registered Number NI618955

MAGUIRE & CO LIMITED

Abbreviated Accounts

30 September 2015

MAGUIRE & CO LIMITED Registered Number NI618955

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	300	400
		300	400
Current assets
Stocks		9,500	16,000
Debtors		120	-
Cash at bank and in hand		5,563	2,591
		15,183	18,591
Creditors: amounts falling due within one year		(12,567)	(8,595)
Net current assets (liabilities)		2,616	9,996
Total assets less current liabilities		2,916	10,396
Creditors: amounts falling due after more than one year		(2,604)	(5,729)
Total net assets (liabilities)		312	4,667
Capital and reserves
Called up share capital		1	1
Profit and loss account		311	4,666
Shareholders' funds		312	4,667

For the year ending 30 September 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 7 March 2016

And signed on their behalf by:
IRENE MAGUIRE, Director

MAGUIRE & CO LIMITED Registered Number NI618955

Notes to the Abbreviated Accounts for the period ended 30 September 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 January 2015).

Turnover policy
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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment 20% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2014	500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	500
Depreciation
At 1 October 2014	100
Charge for the year	100
On disposals	-
At 30 September 2015	200
Net book values
At 30 September 2015	300
At 30 September 2014	400