Abbreviated Company Accounts - MASTERFIX CEILINGS LIMITED

Abbreviated Company Accounts - MASTERFIX CEILINGS LIMITED

MASTERFIX CEILINGS LIMITED - Company Information

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Registered Number 05377694

MASTERFIX CEILINGS LIMITED

Abbreviated Accounts

31 March 2016

MASTERFIX CEILINGS LIMITED Registered Number 05377694

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 8,851 11,801
8,851 11,801
Current assets
Debtors 6,532 8,505
Cash at bank and in hand 98,533 93,734
105,065 102,239
Creditors: amounts falling due within one year (27,626) (23,102)
Net current assets (liabilities) 77,439 79,137
Total assets less current liabilities 86,290 90,938
Total net assets (liabilities) 86,290 90,938
Capital and reserves
Called up share capital 2 2
Profit and loss account 86,288 90,936
Shareholders' funds 86,290 90,938
  • For the year ending 31 March 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 25 November 2016

And signed on their behalf by:
Mr M James, Director

MASTERFIX CEILINGS LIMITED Registered Number 05377694

Notes to the Abbreviated Accounts for the period ended 31 March 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 for the year is the total value of invoiced sales excluding value added tax.

Tangible assets depreciation policy
Tangible fixed assets are being depreciated on the reducing-balance basis in order to establish them at their estimated scrap values by the end of their useful lives.

2Tangible fixed assets
£
Cost
At 1 April 2015 76,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 76,000
Depreciation
At 1 April 2015 64,199
Charge for the year 2,950
On disposals -
At 31 March 2016 67,149
Net book values
At 31 March 2016 8,851
At 31 March 2015 11,801