Magni - Eye Limited - Abbreviated accounts

Magni - Eye Limited - Abbreviated accounts

HUDDE LIMITED - Company Information

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Registered number
07887472
Magni - Eye Limited
Abbreviated Accounts
31 December 2013
Magni - Eye Limited
Registered number: 07887472
Abbreviated Balance Sheet
as at 31 December 2013
Notes 2013 2012
£ £
Fixed assets
Intangible assets 2 - -
Tangible assets 3 967 703
Investments 4 - -
967 703
Current assets
Stocks - -
Debtors 5 500 772
Investments held as current assets - -
Cash at bank and in hand 102 2,880
602 3,652
Creditors: amounts falling due within one year (41,763) (14,755)
Net current liabilities (41,161) (11,103)
Total assets less current liabilities (40,194) (10,400)
Creditors: amounts falling due after more than one year - -
Provisions for liabilities - -
Net liabilities (40,194) (10,400)
Capital and reserves
Called up share capital 7 1 1
Share premium - -
Revaluation reserve - -
Capital redemption reserve - -
Profit and loss account (40,195) (10,401)
Shareholder's funds (40,194) (10,400)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Miss R Hudson
Director
Approved by the board on 30 September 2014
Magni - Eye Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2013
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Computer and Office equipment 33.3% straight line
2 Intangible fixed assets £
Cost
At 1 January 2013 -
Additions -
Disposals -
At 31 December 2013 -
Amortisation
At 1 January 2013 -
Provided during the year -
On disposals -
At 31 December 2013 -
Net book value
At 31 December 2013 -
At 31 December 2012 -
3 Tangible fixed assets £
Cost
At 1 January 2013 1,055
Additions 922
Surplus on revaluation -
Disposals -
At 31 December 2013 1,977
Depreciation
At 1 January 2013 352
Charge for the year 658
Surplus on revaluation -
On disposals -
At 31 December 2013 1,010
Net book value
At 31 December 2013 967
At 31 December 2012 703
4 Investments £
Cost
At 1 January 2013 -
Additions -
Disposals -
At 31 December 2013 -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
5 Debtors 2013 2012
£ £
Debtors include:
Amounts due after more than one year - -
6 Loans 2013 2012
£ £
Creditors include:
Amounts falling due for payment after more than five years - -
Secured bank loans - -
7 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 1 1 1
B Ordinary shares £1 each - - -
1 1
? Preference shares £1 each - - -
1 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Miss R Hudson
[Loan 1] - - - -
[Loan 2] - - - -
[Director 2]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 3]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 4]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 5]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 6]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 7]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 8]
[Loan 1] - - - -
[Loan 2] - - - -
[Director 9]
[Loan 1] - - - -
[Loan 2] - - - -
- - - -
9 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
Miss R Hudson
[Guarantee 1] - -
[Guarantee 2] - -
[Director 2]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 3]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 4]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 5]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 6]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 7]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 8]
[Guarantee 1] - -
[Guarantee 2] - -
[Director 9]
[Guarantee 1] - -
[Guarantee 2] - -
- -
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