Abbreviated Company Accounts - MAGNUM OPUS REPAIRS LTD

Abbreviated Company Accounts - MAGNUM OPUS REPAIRS LTD

MAGNUM OPUS REPAIRS LTD - Company Information

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Registered Number 08905932

MAGNUM OPUS REPAIRS LTD

Abbreviated Accounts

28 February 2016

MAGNUM OPUS REPAIRS LTD Registered Number 08905932

Abbreviated Balance Sheet as at 28 February 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 10,238 2,410
10,238 2,410
Current assets
Cash at bank and in hand 26,063 1,593
26,063 1,593
Creditors: amounts falling due within one year (23,692) (2,077)
Net current assets (liabilities) 2,371 (484)
Total assets less current liabilities 12,609 1,926
Total net assets (liabilities) 12,609 1,926
Capital and reserves
Called up share capital 2 2
Profit and loss account 12,607 1,924
Shareholders' funds 12,609 1,926
  • For the year ending 28 February 2016 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 28 February 2016

And signed on their behalf by:
Mr L Sampson, Director

MAGNUM OPUS REPAIRS LTD Registered Number 08905932

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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.

2Tangible fixed assets
£
Cost
At 1 March 2015 3,213
Additions 11,063
Disposals -
Revaluations -
Transfers -
At 28 February 2016 14,276
Depreciation
At 1 March 2015 803
Charge for the year 3,235
On disposals -
At 28 February 2016 4,038
Net book values
At 28 February 2016 10,238
At 28 February 2015 2,410