BAG MARKET LIMITED Accounts filed on 31-10-2015

BAG MARKET LIMITED Accounts filed on 31-10-2015

BAG MARKET LIMITED - Company Information

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BAG MARKET LIMITED




Company Registration Number:
03269709 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st November 2014

End date: 31st October 2015

SUBMITTED

BAG MARKET LIMITED

Company Information
for the Period Ended 31st October 2015




Director: Mr P Hughes
Company secretary: Mr P Hughes
Registered office: 8 Church Close
Dunston
Stafford
ST18 9AF
Company Registration Number: 03269709 (England and Wales)

BAG MARKET LIMITED

Abbreviated Balance sheet
As at 31st October 2015

Notes 2015
£		 2014
£
Fixed assets
Tangible assets: 2 6,474 8,540
Total fixed assets: 6,474 8,540
Current assets
Stocks: 24,000 17,500
Debtors: 22,513 27,152
Total current assets: 46,513 44,652
Creditors
Creditors: amounts falling due within one year 95,324 97,540
Net current assets (liabilities): ( 48,811 ) ( 52,888 )
Total assets less current liabilities: ( 42,337 ) ( 44,348 )
Total net assets (liabilities): ( 42,337 ) ( 44,348 )

The notes form part of these financial statements

BAG MARKET LIMITED

Abbreviated Balance sheet
As at 31st October 2015
continued

Notes 2015
£		 2014
£
Capital and reserves
Called up share capital: 3 2 2
Profit and Loss account: ( 42,339 ) ( 44,350 )
Total shareholders funds: ( 42,337 ) ( 44,348 )

For the year ending 31 October 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 12 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr P Hughes
Status: Director

The notes form part of these financial statements

BAG MARKET LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 1. Accounting 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 value, net of value added tax and discounts, of goods supplied to customers

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant and Equipment 15% reducing balance Motor vehicles 25% reducing balance

BAG MARKET LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 2. Tangible assets

    Total
    Cost £
    At 01st November 2014: 32,899
    At 31st October 2015: 32,899
    Depreciation
    At 01st November 2014: 24,359
    Charge for year: 2,066
    At 31st October 2015: 26,425
    Net book value
    At 31st October 2015: 6,474
    At 31st October 2014: 8,540

BAG MARKET LIMITED

Notes to the Abbreviated Accounts
for the Period Ended 31st October 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 2 1.00
    1.00
    		2
    Total share capital: 2