M M Clothing Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08300743 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 November 2015

for

M M CLOTHING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Abidat

Mrs R Abidat

REGISTERED OFFICE:

26 Heddon Court Parade

Cockfosters

London

EN4 0DB

REGISTERED NUMBER:

08300743 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Tangible assets

2

25,147

31,475

CURRENT ASSETS

Stocks

140,000

100,000

Debtors

69,898

-

Cash at bank and in hand

2,775

3,362

212,673

103,362

CREDITORS

Amounts falling due within one year

206,678

171,708

NET CURRENT ASSETS/(LIABILITIES)

5,995

(68,346

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,142

(36,871

)

CREDITORS

Amounts falling due after more than
one year

26,729

34,097

NET ASSETS/(LIABILITIES)

4,413

(70,968

)

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

4,412

(70,969

)

SHAREHOLDERS' FUNDS

4,413

(70,968

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 August 2016 and were
signed on its behalf by:

Mr A Abidat - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

56,287

Additions

1,800

At 30 November 2015

58,087

DEPRECIATION

At 1 December 2014

24,812

Charge for year

8,128

At 30 November 2015

32,940

NET BOOK VALUE

At 30 November 2015

25,147

At 30 November 2014

31,475

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

Ordinary Share Capital

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed the director Mr A Abidat £8,288 (2014

£12,054).