Abbreviated Company Accounts - MAGIMAT LIMITED

Registered Number 03136954

MAGIMAT LIMITED

Abbreviated Accounts

28 February 2016

MAGIMAT LIMITED Registered Number 03136954

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	171	98
		171	98
Current assets
Stocks		6,950	9,220
Cash at bank and in hand		13,998	5,122
		20,948	14,342
Creditors: amounts falling due within one year		(7,788)	(3,839)
Net current assets (liabilities)		13,160	10,503
Total assets less current liabilities		13,331	10,601
Provisions for liabilities		-	(18)
Total net assets (liabilities)		13,331	10,583
Capital and reserves
Called up share capital		100	100
Profit and loss account		13,231	10,483
Shareholders' funds		13,331	10,583

For the year ending 28 February 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 8 November 2016

And signed on their behalf by:
David Hobbs, Director

MAGIMAT LIMITED Registered Number 03136954

Notes to the Abbreviated Accounts for the period ended 28 February 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.

Turnover policy
turnover represents the total invoice value, excluding value added tax, of sales made during the year.

2Tangible fixed assets

	£
Cost
At 1 March 2015	4,453
Additions	549
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	5,002
Depreciation
At 1 March 2015	4,355
Charge for the year	476
On disposals	-
At 28 February 2016	4,831
Net book values
At 28 February 2016	171
At 28 February 2015	98