| Magbroach (UK) Limited |
| Registered number: |
03837559 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
77,659 |
|
|
56,742 |
|
| Current assets |
| Stocks |
|
|
66,377 |
|
|
49,837 |
| Debtors |
|
|
109,489 |
|
|
109,610 |
|
|
|
175,866 |
|
|
159,447 |
|
| Creditors: amounts falling due within one year |
|
|
(139,192) |
|
|
(174,383) |
|
| Net current assets/(liabilities) |
|
|
|
36,674 |
|
|
(14,936) |
|
| Total assets less current liabilities |
|
|
|
114,333 |
|
|
41,806 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(53,661) |
|
|
(41,618) |
|
|
|
| Net assets |
|
|
|
60,672 |
|
|
188 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
60,572 |
|
|
88 |
|
| Shareholders' funds |
|
|
|
60,672 |
|
|
188 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J Fuller |
| Director |
| Approved by the board on 30 June 2016 |
|
| Magbroach (UK) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance |
|
Office equipment ,fixtures and fittings |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation using the liability method to take account of timing differences between the icidenceof income and expenditure for taxation and accounting purposes, except to the extent that a liability is unlikely to crystalise. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
137,440 |
|
Additions |
41,100 |
|
At 30 September 2015 |
178,540 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
80,698 |
|
Charge for the year |
20,183 |
|
At 30 September 2015 |
100,881 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
77,659 |
|
At 30 September 2014 |
56,742 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
