Abbreviated Company Accounts - MASTER CLASS (LIVERPOOL) LIMITED

MASTER CLASS (LIVERPOOL) LIMITED - Company Information

Registered Number 08240665

MASTER CLASS (LIVERPOOL) LIMITED

Abbreviated Accounts

31 October 2015

MASTER CLASS (LIVERPOOL) LIMITED Registered Number 08240665

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	525	700
Tangible assets	3	2,850	1,695
		3,375	2,395
Creditors: amounts falling due within one year		(6,049)	(5,025)
Net current assets (liabilities)		(6,049)	(5,025)
Total assets less current liabilities		(2,674)	(2,630)
Total net assets (liabilities)		(2,674)	(2,630)
Capital and reserves
Called up share capital		12	12
Profit and loss account		(2,686)	(2,642)
Shareholders' funds		(2,674)	(2,630)

For the year ending 31 October 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 26 July 2016

And signed on their behalf by:
J Meehan, Director

MASTER CLASS (LIVERPOOL) LIMITED Registered Number 08240665

Notes to the Abbreviated Accounts for the period ended 31 October 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 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Fixture and fittings/plant and machinery 25%

2Intangible fixed assets

	£
Cost
At 1 November 2014	1,195
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	1,195
Amortisation
At 1 November 2014	495
Charge for the year	175
On disposals	-
At 31 October 2015	670
Net book values
At 31 October 2015	525
At 31 October 2014	700

3Tangible fixed assets

	£
Cost
At 1 November 2014	2,657
Additions	2,105
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	4,762
Depreciation
At 1 November 2014	962
Charge for the year	950
On disposals	-
At 31 October 2015	1,912
Net book values
At 31 October 2015	2,850
At 31 October 2014	1,695