Abbreviated Company Accounts - MRS GALES LIMITED

Abbreviated Company Accounts - MRS GALES LIMITED

MRS GALES LIMITED - Company Information

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Registered Number 08678614

MRS GALES LIMITED

Abbreviated Accounts

30 September 2015

MRS GALES LIMITED Registered Number 08678614

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 6,698 8,533
6,698 8,533
Current assets
Stocks 162 180
Cash at bank and in hand 2,364 6,562
2,526 6,742
Creditors: amounts falling due within one year (1,916) (5,170)
Net current assets (liabilities) 610 1,572
Total assets less current liabilities 7,308 10,105
Creditors: amounts falling due after more than one year (5,286) (10,040)
Total net assets (liabilities) 2,022 65
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,020 63
Shareholders' funds 2,022 65
  • 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 17 December 2015

And signed on their behalf by:
Francesca Davis, Director
Lucia Scaife, Director

MRS GALES LIMITED Registered Number 08678614

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 April 2008.

Turnover policy
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life

2Tangible fixed assets
£
Cost
At 1 October 2014 10,774
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 10,774
Depreciation
At 1 October 2014 2,241
Charge for the year 1,835
On disposals -
At 30 September 2015 4,076
Net book values
At 30 September 2015 6,698
At 30 September 2014 8,533