Abbreviated Company Accounts - MAINGATE LIMITED

Abbreviated Company Accounts - MAINGATE LIMITED

MAINGATE LIMITED - Company Information

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Registered Number 05753878

MAINGATE LIMITED

Abbreviated Accounts

31 December 2013

MAINGATE LIMITED Registered Number 05753878

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 26,812 5,855
Tangible assets 3 24,098 16,601
50,910 22,456
Current assets
Stocks 158,070 134,664
Debtors 226,332 337,134
Cash at bank and in hand 5,564 16,976
389,966 488,774
Prepayments and accrued income 89,514 -
Creditors: amounts falling due within one year (289,051) (315,439)
Net current assets (liabilities) 190,429 173,335
Total assets less current liabilities 241,339 195,791
Creditors: amounts falling due after more than one year (113,835) (292,485)
Total net assets (liabilities) 127,504 (96,694)
Capital and reserves
Called up share capital 399,356 89,456
Profit and loss account (271,852) (186,150)
Shareholders' funds 127,504 (96,694)
  • For the year ending 31 December 2013 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 September 2014

And signed on their behalf by:
Ole Valentin, Director

MAINGATE LIMITED Registered Number 05753878

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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.

2Intangible fixed assets
£
Cost
At 1 January 2013 8,524
Additions 22,128
Disposals -
Revaluations -
Transfers -
At 31 December 2013 30,652
Amortisation
At 1 January 2013 2,669
Charge for the year 1,171
On disposals -
At 31 December 2013 3,840
Net book values
At 31 December 2013 26,812
At 31 December 2012 5,855
3Tangible fixed assets
£
Cost
At 1 January 2013 27,969
Additions 15,532
Disposals -
Revaluations -
Transfers -
At 31 December 2013 43,501
Depreciation
At 1 January 2013 11,368
Charge for the year 8,035
On disposals -
At 31 December 2013 19,403
Net book values
At 31 December 2013 24,098
At 31 December 2012 16,601