Abbreviated Company Accounts - MAGNA (SOUTH) LIMITED

MAGNA (SOUTH) LIMITED - Company Information

05778930 MAGNA (SOUTH) LIMITED 2016-04-30 false 2015-05-01 2016-04-30 true 05778930 2015-05-01 2016-04-30 05778930 2016-04-30 05778930 2015-04-30 05778930 uk-gaap-cd-bus:Director1 2015-05-01 2016-04-30 05778930 uk-gaap-cd-bus:Director2 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-01 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 iso4217:GBP shares

Registered Number 05778930

MAGNA (SOUTH) LIMITED

Abbreviated Accounts

30 April 2016

MAGNA (SOUTH) LIMITED Registered Number 05778930

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	11,367	13,377
		11,367	13,377
Current assets
Stocks		1,602	1,610
Debtors		3,255	835
Cash at bank and in hand		16,202	21,172
		21,059	23,617
Creditors: amounts falling due within one year		(30,213)	(33,383)
Net current assets (liabilities)		(9,154)	(9,766)
Total assets less current liabilities		2,213	3,611
Total net assets (liabilities)		2,213	3,611
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		2,211	3,609
Shareholders' funds		2,213	3,611

For the year ending 30 April 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 31 December 2016

And signed on their behalf by:
Mohammed Shamim, Director

MAGNA (SOUTH) LIMITED Registered Number 05778930

Notes to the Abbreviated Accounts for the period ended 30 April 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
Turnover represents the total value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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

Leasehold properties - Straight line over the life of the lease

Furniture, fittings
and equipment - 20% reducing balance basis.

2Tangible fixed assets

	£
Cost
At 1 May 2015	52,182
Additions	432
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	52,614
Depreciation
At 1 May 2015	38,805
Charge for the year	2,442
On disposals	-
At 30 April 2016	41,247
Net book values
At 30 April 2016	11,367
At 30 April 2015	13,377

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

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000