Abbreviated Company Accounts - M MAHESON LTD

Registered Number 07417923

M MAHESON LTD

Abbreviated Accounts

31 October 2015

M MAHESON LTD Registered Number 07417923

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,731	4,719
		5,731	4,719
Current assets
Debtors		160,827	231,293
Cash at bank and in hand		328,351	419,214
		489,178	650,507
Creditors: amounts falling due within one year		(62,097)	(100,031)
Net current assets (liabilities)		427,081	550,476
Total assets less current liabilities		432,812	555,195
Total net assets (liabilities)		432,812	555,195
Capital and reserves
Called up share capital		100	100
Profit and loss account		432,712	555,095
Shareholders' funds		432,812	555,195

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 29 July 2016

And signed on their behalf by:
MR M MAHESON, Director

M MAHESON LTD Registered Number 07417923

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 comprises amounts receivable in the ordinary course of business from the principal activities of
the company, exclusive of value added tax and discounts where applicable.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the
useful economic life of that asset as follows:
Motor Vehicles - depreciated over 4 years
Equipment - depreciated over 4 years

Other accounting policies
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 November 2014	115,255
Additions	6,291
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	121,546
Depreciation
At 1 November 2014	110,536
Charge for the year	5,279
On disposals	-
At 31 October 2015	115,815
Net book values
At 31 October 2015	5,731
At 31 October 2014	4,719