MAGNUS_LONG_LIMITED - Accounts

MAGNUS LONG LIMITED - Company Information

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Company Registration No. 06129056 (England and Wales)

MAGNUS LONG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2016

Company Registration No. 06129056 (England and Wales)

MAGNUS LONG LIMITED

AMENDED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 5 APRIL 2016

MAGNUS LONG LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MAGNUS LONG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

05 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

157

Current assets

Debtors

599

Cash at bank and in hand

1,768

599

Creditors: amounts falling due within one year

(1,922)

(503)

Net current liabilities/(assets)

(154)

Total assets less current liabilities

Capital and reserves

Called up share capital

Profit and loss account

Shareholders' funds

For the financial Period ended 5 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 December 2016

Magnus Long

Director

Company Registration No. 06129056

MAGNUS LONG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 5 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

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

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

Fixed assets

Tangible assets

Cost

At 1 March 2015

Additions

235

At 5 April 2016

235

Depreciation

At 1 March 2015

Charge for the period

At 5 April 2016

Net book value

At 5 April 2016

157

Share capital

2016

2015

Allotted, called up and fully paid

3 Ordinary shares of £1 each