Abbreviated Company Accounts - MCSORLEY ENTERPRISES LTD

MCSORLEY ENTERPRISES LTD - Company Information

NI031633 MCSORLEY ENTERPRISES LTD 2016-02-29 false 2015-03-01 2016-02-29 true NI031633 2015-03-01 2016-02-29 NI031633 2016-02-29 NI031633 2015-02-28 NI031633 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-29 NI031633 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number NI031633

MCSORLEY ENTERPRISES LTD

Abbreviated Accounts

29 February 2016

MCSORLEY ENTERPRISES LTD Registered Number NI031633

Abbreviated Balance Sheet as at 29 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	18	56
Tangible assets	3	95,512	89,132
		95,530	89,188
Current assets
Stocks		3,605	-
Debtors		901	1,283
Cash at bank and in hand		14,311	6,559
		18,817	7,842
Creditors: amounts falling due within one year		(82,545)	(58,404)
Net current assets (liabilities)		(63,728)	(50,562)
Total assets less current liabilities		31,802	38,626
Total net assets (liabilities)		31,802	38,626
Capital and reserves
Called up share capital	4	4	4
Profit and loss account		31,798	38,622
Shareholders' funds		31,802	38,626

For the year ending 29 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 30 November 2016

And signed on their behalf by:
Mrs MT McSorley, Director

MCSORLEY ENTERPRISES LTD Registered Number NI031633

Notes to the Abbreviated Accounts for the period ended 29 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 January 2015.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - eight to ten years
Fixtures & Fittings - ten years

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Public Licence - twenty years

2Intangible fixed assets

	£
Cost
At 1 March 2015	750
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	750
Amortisation
At 1 March 2015	694
Charge for the year	38
On disposals	-
At 29 February 2016	732
Net book values
At 29 February 2016	18
At 28 February 2015	56

3Tangible fixed assets

	£
Cost
At 1 March 2015	91,482
Additions	8,119
Disposals	-
Revaluations	-
Transfers	-
At 29 February 2016	99,601
Depreciation
At 1 March 2015	2,350
Charge for the year	1,739
On disposals	-
At 29 February 2016	4,089
Net book values
At 29 February 2016	95,512
At 28 February 2015	89,132

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4