MJM Skin Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08695571 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MJM SKIN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Mohungoo

N B Sorefan

REGISTERED OFFICE:

14 Todds Close

Swanland

North Ferriby

East Yorkshire

HU14 3NT

REGISTERED NUMBER:

08695571 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

2

1,981

985

CURRENT ASSETS

Debtors

72,849

-

Cash at bank and in hand

52,739

96,751

125,588

96,751

CREDITORS

Amounts falling due within one year

32,774

96,999

NET CURRENT ASSETS/(LIABILITIES)

92,814

(248

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

94,795

737

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

94,785

727

SHAREHOLDERS' FUNDS

94,795

737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19 October 2016 and were signed on its behalf by:

M J Mohungoo - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,314

Additions

1,656

At 31 March 2016

2,970

DEPRECIATION

At 1 April 2015

329

Charge for year

660

At 31 March 2016

989

NET BOOK VALUE

At 31 March 2016

1,981

At 31 March 2015

985

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

10

Ordinary

£1

10

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

M J Mohungoo and N B Sorefan

Balance outstanding at start of year

-

Amounts advanced

72,383

-

Amounts repaid

-

Balance outstanding at end of year

72,383

-