Abbreviated Company Accounts - MSTY LIMITED

08328907 MSTY LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 08328907 2015-01-01 2015-12-31 08328907 2015-12-31 08328907 2014-12-31 08328907 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08328907 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08328907

MSTY LIMITED

Abbreviated Accounts

31 December 2015

MSTY LIMITED Registered Number 08328907

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,630	6,052
		14,630	6,052
Current assets
Debtors		65,450	14,371
Investments		-	116
		65,450	14,487
Creditors: amounts falling due within one year		(1,118,359)	(180,326)
Net current assets (liabilities)		(1,052,909)	(165,839)
Total assets less current liabilities		(1,038,279)	(159,787)
Creditors: amounts falling due after more than one year		(327,398)	(332,864)
Total net assets (liabilities)		(1,365,677)	(492,651)
Capital and reserves
Called up share capital	3	6,182	5,051
Share premium account		1,253,174	124,975
Profit and loss account		(2,625,033)	(622,677)
Shareholders' funds		(1,365,677)	(492,651)

For the year ending 31 December 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 14 September 2016

And signed on their behalf by:
N J Barnett, Director

MSTY LIMITED Registered Number 08328907

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in comply with fi the Financial Reporting Standard of the Accounting Standards Board.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2015	8,070
Additions	15,263
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	23,333
Depreciation
At 1 January 2015	2,018
Charge for the year	6,685
On disposals	-
At 31 December 2015	8,703
Net book values
At 31 December 2015	14,630
At 31 December 2014	6,052

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
6,182 Ordinary shares of £1 each (5,051 shares for 2014)	6,182	5,051