Abbreviated Company Accounts - MERLIN TURNEROUND (BUSINESS & LIFE) LTD

Abbreviated Company Accounts - MERLIN TURNEROUND (BUSINESS & LIFE) LTD

MERLIN TURNEROUND (BUSINESS & LIFE) LTD - Company Information

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Registered Number 08614706

MERLIN TURNEROUND (BUSINESS & LIFE) LTD

Abbreviated Accounts

31 October 2015

MERLIN TURNEROUND (BUSINESS & LIFE) LTD Registered Number 08614706

Abbreviated Balance Sheet as at 31 October 2015

Notes 31/10/2015 31/07/2014
£ £
Fixed assets
Tangible assets 2 4,073 13,588
4,073 13,588
Current assets
Debtors 3,460 22,600
Cash at bank and in hand 15,987 749
19,447 23,349
Creditors: amounts falling due within one year (3,323) (13,280)
Net current assets (liabilities) 16,124 10,069
Total assets less current liabilities 20,197 23,657
Provisions for liabilities - (1,051)
Total net assets (liabilities) 20,197 22,606
Capital and reserves
Called up share capital 2 2
Profit and loss account 20,195 22,604
Shareholders' funds 20,197 22,606
  • 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.

Approved by the Board on 24 May 2016

And signed on their behalf by:
Mrs. J. Turner, Director

MERLIN TURNEROUND (BUSINESS & LIFE) LTD Registered Number 08614706

Notes to the Abbreviated Accounts for the period ended 31 October 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 period and derives from the provision of goods falling within the company’s ordinary activities.

2Tangible fixed assets
£
Cost
At 1 August 2014 16,569
Additions -
Disposals (10,160)
Revaluations -
Transfers -
At 31 October 2015 6,409
Depreciation
At 1 August 2014 2,981
Charge for the year 1,183
On disposals (1,828)
At 31 October 2015 2,336
Net book values
At 31 October 2015 4,073
At 31 July 2014 13,588