Abbreviated Company Accounts - MG PARTITIONS & CEILINGS LIMITED

MG PARTITIONS & CEILINGS LIMITED - Company Information

07495968 MG PARTITIONS & CEILINGS LIMITED 2014-02-28 false 2013-02-01 2014-02-28 true 07495968 2013-02-01 2014-02-28 07495968 2014-02-28 07495968 2013-01-31 07495968 uk-gaap-cd-bus:Director1 2013-02-01 2014-02-28 07495968 uk-gaap-cd-bus:Director2 2013-02-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 07495968

MG PARTITIONS & CEILINGS LIMITED

Abbreviated Accounts

28 February 2014

MG PARTITIONS & CEILINGS LIMITED Registered Number 07495968

Abbreviated Balance Sheet as at 28 February 2014

	Notes	28/02/2014	31/01/2013
		£	£
Fixed assets
Tangible assets	2	5,358	6,697
		5,358	6,697
Current assets
Stocks		9,315	1,254
Cash at bank and in hand		17,355	688
		26,670	1,942
Creditors: amounts falling due within one year		(39,707)	(20,953)
Net current assets (liabilities)		(13,037)	(19,011)
Total assets less current liabilities		(7,679)	(12,314)
Creditors: amounts falling due after more than one year		(2,399)	-
Total net assets (liabilities)		(10,078)	(12,314)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(10,178)	(12,414)
Shareholders' funds		(10,078)	(12,314)

For the year ending 28 February 2014 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 13 October 2014

And signed on their behalf by:
Ms Alina Jankowska, Director

MG PARTITIONS & CEILINGS LIMITED Registered Number 07495968

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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.

2Tangible fixed assets

	£
Cost
At 1 February 2013	8,929
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	8,929
Depreciation
At 1 February 2013	2,232
Charge for the year	1,339
On disposals	-
At 28 February 2014	3,571
Net book values
At 28 February 2014	5,358
At 31 January 2013	6,697

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor vehicles @ 20% on WDV

3Called Up Share Capital
Allotted, called up and fully paid:

	28/02/2014 £	31/01/2013 £
100 Ordinary shares of £1 each	100	100