Abbreviated Company Accounts - M.A.G. ENGINEERING SERVICES LIMITED

Abbreviated Company Accounts - M.A.G. ENGINEERING SERVICES LIMITED

M.A.G. ENGINEERING SERVICES LIMITED - Company Information

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Registered Number 05575855

M.A.G. ENGINEERING SERVICES LIMITED

Abbreviated Accounts

26 March 2016

M.A.G. ENGINEERING SERVICES LIMITED Registered Number 05575855

Abbreviated Balance Sheet as at 26 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 45,813 57,760
45,813 57,760
Current assets
Stocks 11,145 12,000
Debtors 260,926 146,627
Cash at bank and in hand 100,225 103,044
372,296 261,671
Creditors: amounts falling due within one year (179,666) (190,564)
Net current assets (liabilities) 192,630 71,107
Total assets less current liabilities 238,443 128,867
Creditors: amounts falling due after more than one year (20,473) (24,421)
Total net assets (liabilities) 217,970 104,446
Capital and reserves
Called up share capital 600 600
Share premium account 13,300 13,300
Profit and loss account 204,070 90,546
Shareholders' funds 217,970 104,446
  • For the year ending 26 March 2016 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 7 October 2016

And signed on their behalf by:
Mr M Bushell, Director
Mr G Stanton, Director

M.A.G. ENGINEERING SERVICES LIMITED Registered Number 05575855

Notes to the Abbreviated Accounts for the period ended 26 March 2016

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.

2Tangible fixed assets
£
Cost
At 27 March 2015 110,199
Additions -
Disposals -
Revaluations -
Transfers -
At 26 March 2016 110,199
Depreciation
At 27 March 2015 52,439
Charge for the year 11,947
On disposals -
At 26 March 2016 64,386
Net book values
At 26 March 2016 45,813
At 26 March 2015 57,760