| Memorabilia Giant Ltd |
| Registered number: |
07773229 |
| Abbreviated Balance Sheet |
| as at 30 September 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
8,000 |
|
|
8,000 |
| Tangible assets |
3 |
|
|
797 |
|
|
1,353 |
|
|
|
|
8,797 |
|
|
9,353 |
|
| Current assets |
| Stocks |
|
|
8,905 |
|
|
16,714 |
| Debtors |
|
|
- |
|
|
616 |
| Cash at bank and in hand |
|
|
2,284 |
|
|
328 |
|
|
|
11,189 |
|
|
17,658 |
|
| Creditors: amounts falling due within one year |
|
|
(81,051) |
|
|
(64,729) |
|
| Net current liabilities |
|
|
|
(69,862) |
|
|
(47,071) |
|
| Net liabilities |
|
|
|
(61,065) |
|
|
(37,718) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
29,950 |
|
|
29,950 |
| Profit and loss account |
|
|
|
(91,115) |
|
|
(67,768) |
|
| Shareholder's funds |
|
|
|
(61,065) |
|
|
(37,718) |
|
|
|
|
|
|
|
|
| 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. |
| The member has 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. |
|
|
|
| Karen Eley |
| Director |
| Approved by the board on 27 June 2016 |
|
| Memorabilia Giant Ltd |
| 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 January 2015). |
|
|
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 |
25% reducing balance |
|
#REF! |
#REF! |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
10,000 |
|
At 30 September 2015 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 October 2014 |
2,000 |
|
At 30 September 2015 |
2,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
8,000 |
|
At 30 September 2014 |
8,000 |
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2014 |
3,034 |
|
At 30 September 2015 |
3,034 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2014 |
1,681 |
|
Charge for the year |
556 |
|
At 30 September 2015 |
2,237 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2015 |
797 |
|
At 30 September 2014 |
1,353 |
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
