Abbreviated Company Accounts - MEDALLION MERCHANDISE LIMITED

MEDALLION MERCHANDISE LIMITED - Company Information

Registered Number 03897070

MEDALLION MERCHANDISE LIMITED

Abbreviated Accounts

31 December 2013

MEDALLION MERCHANDISE LIMITED Registered Number 03897070

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	138	184
		138	184
Current assets
Stocks		5,000	54,900
Debtors		26,474	41,204
Cash at bank and in hand		295	610
		31,769	96,714
Creditors: amounts falling due within one year		(3,146)	(65,621)
Net current assets (liabilities)		28,623	31,093
Total assets less current liabilities		28,761	31,277
Total net assets (liabilities)		28,761	31,277
Capital and reserves
Called up share capital		2	2
Profit and loss account		28,759	31,275
Shareholders' funds		28,761	31,277

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 22 September 2014

And signed on their behalf by:
R Moravej Hosseini, Director

MEDALLION MERCHANDISE LIMITED Registered Number 03897070

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's activities. Sales are recognised when delivery of the goods is made.

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.
Fixtures and fittings at 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2013	2,286
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	2,286
Depreciation
At 1 January 2013	2,102
Charge for the year	46
On disposals	-
At 31 December 2013	2,148
Net book values
At 31 December 2013	138
At 31 December 2012	184