MMG TRADING LTD |
Registered number: |
06969242 |
Abbreviated Balance Sheet |
as at 30 June 2016 |
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
6,500 |
|
|
7,000 |
Tangible assets |
3 |
|
|
75,708 |
|
|
73,544 |
|
|
|
|
82,208 |
|
|
80,544 |
|
Current assets |
Stocks |
|
|
1,540,535 |
|
|
1,177,345 |
Debtors |
|
|
- |
|
|
9,363 |
Cash at bank and in hand |
|
|
186,049 |
|
|
182,551 |
|
|
|
1,726,584 |
|
|
1,369,259 |
|
Creditors: amounts falling due within one year |
|
|
(764,224) |
|
|
(476,541) |
|
Net current assets |
|
|
|
962,360 |
|
|
892,718 |
|
Net assets |
|
|
|
1,044,568 |
|
|
973,262 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
1 |
|
|
1 |
Profit and loss account |
|
|
|
1,044,567 |
|
|
973,261 |
|
Shareholder's funds |
|
|
|
1,044,568 |
|
|
973,262 |
|
|
|
|
|
|
|
|
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 his 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. |
|
|
|
M Grzybowski |
Director |
Approved by the board on 14 November 2016 |
|
MMG TRADING LTD |
Notes to the Abbreviated Accounts |
for the period ended 30 June 2016 |
|
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 April 2008). |
|
|
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. |
|
|
Plant and machinery |
25% Reducing balance |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
10,000 |
|
At 30 June 2016 |
10,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 August 2015 |
3,000 |
|
Provided during the period |
500 |
|
At 30 June 2016 |
3,500 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
6,500 |
|
At 31 July 2015 |
7,000 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
163,726 |
|
Additions |
27,401 |
|
At 30 June 2016 |
191,127 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
90,182 |
|
Charge for the period |
25,237 |
|
At 30 June 2016 |
115,419 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
75,708 |
|
At 31 July 2015 |
73,544 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|