MC Drinks Limited - Abbreviated accounts 16.3

MC Drinks Limited - Abbreviated accounts 16.3


07229056 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure072290562015-03-31072290562016-03-31072290562015-04-012016-03-31072290562014-03-31072290562014-04-012015-03-31072290562015-03-3107229056ns12:England2015-04-012016-03-3107229056ns14:PoundSterling2015-04-012016-03-3107229056ns7:Director12015-04-012016-03-3107229056ns7:OrdinaryShareClass12015-04-012016-03-3107229056ns7:Director22015-04-012016-03-3107229056ns7:RegisteredOffice2015-04-012016-03-3107229056ns7:EntityAccountantsOrAuditors2015-04-012016-03-3107229056ns5:FixturesFittings2015-04-012016-03-3107229056ns5:ComputerEquipment2015-04-012016-03-3107229056ns7:OrdinaryShareClass12016-03-3107229056ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 07229056 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

MC Drinks Limited

MC Drinks Limited (Registered number: 07229056)






Contents of the Abbreviated Accounts
for the year ended 31 March 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MC Drinks Limited

Company Information
for the year ended 31 March 2016







DIRECTORS: M A Morris
Mrs S C Morris





REGISTERED OFFICE: 3 Harpenden Road
St Albans
Hertfordshire
AL3 5LW





REGISTERED NUMBER: 07229056 (England and Wales)





ACCOUNTANTS: Attwoods Chartered Accountants
12 Palfrey Close
St Albans
Hertfordshire
AL3 5RE

MC Drinks Limited (Registered number: 07229056)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,915 4,393

CURRENT ASSETS
Stocks 14,650 7,082
Debtors 68,528 67,375
Cash at bank 85,564 93,502
168,742 167,959
CREDITORS
Amounts falling due within one year 53,827 52,905
NET CURRENT ASSETS 114,915 115,054
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,830

119,447

CAPITAL AND RESERVES
Called up share capital 3 10 10
Profit and loss account 120,820 119,437
SHAREHOLDERS' FUNDS 120,830 119,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 12 December 2016 and were
signed on its behalf by:





M A Morris - Director


MC Drinks Limited (Registered number: 07229056)

Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which
they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 8,225
Additions 2,785
At 31 March 2016 11,010
DEPRECIATION
At 1 April 2015 3,832
Charge for year 1,263
At 31 March 2016 5,095
NET BOOK VALUE
At 31 March 2016 5,915
At 31 March 2015 4,393

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10 Ordinary shares £1 10 10