Mongoose Print Limited - Abbreviated accounts 16.1

Mongoose Print Limited - Abbreviated accounts 16.1

MONGOOSE PRINT LIMITED - Company Information

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SC487131 19.9.14 30.9.15 30.9.15 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4871312014-09-18SC4871312015-09-30SC4871312014-09-192015-09-30SC4871312014-09-18SC487131ns14:PoundSterling2014-09-192015-09-30SC487131ns7:Director12014-09-192015-09-30SC487131ns7:OrdinaryShareClass12014-09-192015-09-30SC487131ns5:NetGoodwill2014-09-192015-09-30SC487131ns5:PlantMachinery2014-09-192015-09-30SC487131ns5:ComputerEquipment2014-09-192015-09-30SC487131ns7:OrdinaryShareClass12015-09-30
REGISTERED NUMBER: SC487131















MONGOOSE PRINT LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 19 SEPTEMBER 2014 TO 30 SEPTEMBER 2015






MONGOOSE PRINT LIMITED (REGISTERED NUMBER: SC487131)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 19 SEPTEMBER 2014 TO 30 SEPTEMBER 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

MONGOOSE PRINT LIMITED (REGISTERED NUMBER: SC487131)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 8,000
Tangible assets 3 1,939
9,939

CURRENT ASSETS
Stocks 4,500
Debtors 1,847
Cash at bank 4,246
10,593
CREDITORS
Amounts falling due within one year 13,595
NET CURRENT LIABILITIES (3,002 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
6,937

PROVISIONS FOR LIABILITIES 388
NET ASSETS 6,549

CAPITAL AND RESERVES
Called up share capital 4 2
Profit and loss account 6,547
SHAREHOLDERS' FUNDS 6,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 24 May 2016 and were signed on its behalf by:



Ms S A Logie - Director


The notes form part of these abbreviated accounts

Page 1
MONGOOSE PRINT LIMITED (REGISTERED NUMBER: SC487131)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 19 SEPTEMBER 2014 TO 30 SEPTEMBER 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax. The company's policy
is to recognise a sale when substantively all the risks and rewards in connection with the goods and services have
been passed to the buyer.

Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the balance sheet and
amortised over its estimated useful life up to 5 years. Goodwill is reviewed for impairment at the end of the first
full financial year following each acquisition and subsequently as and when necessary if circumstances emerge
that indicate that the carrying value may not be recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Computer equipment - 33.3% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Replacement cost of stock would not be materially different.

Deferred tax
The charge for taxation takes into account taxation deferred as a result of timing differences between the
treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in
respect of all timing differences that have originated but not reversed at the balance sheet date. However,
deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that
there will be suitable taxable profits from which the future reversal of the underlying timing differences can be
deducted. Deferred tax is not recognised on revaluation gains. Deferred taxation is measured on a
non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 10,000
At 30 September 2015 10,000
AMORTISATION
Amortisation for period 2,000
At 30 September 2015 2,000
NET BOOK VALUE

At 30 September 2015 8,000

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MONGOOSE PRINT LIMITED (REGISTERED NUMBER: SC487131)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 19 SEPTEMBER 2014 TO 30 SEPTEMBER 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 2,174
At 30 September 2015 2,174
DEPRECIATION
Charge for period 235
At 30 September 2015 235
NET BOOK VALUE
At 30 September 2015 1,939

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

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