Abbreviated Company Accounts - MC BRIDE RETAIL DERRYLIN LIMITED

Abbreviated Company Accounts - MC BRIDE RETAIL DERRYLIN LIMITED

MC BRIDE RETAIL DERRYLIN LIMITED - Company Information

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Registered Number NI606037

MC BRIDE RETAIL DERRYLIN LIMITED

Abbreviated Accounts

31 July 2016

MC BRIDE RETAIL DERRYLIN LIMITED Registered Number NI606037

Abbreviated Balance Sheet as at 31 July 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 205,200 216,000
Tangible assets 3 108,197 118,765
313,397 334,765
Current assets
Stocks 81,254 63,719
Debtors 121,855 121,405
Cash at bank and in hand 89,039 47,110
292,148 232,234
Creditors: amounts falling due within one year (490,822) (508,749)
Net current assets (liabilities) (198,674) (276,515)
Total assets less current liabilities 114,723 58,250
Total net assets (liabilities) 114,723 58,250
Capital and reserves
Called up share capital 2 2
Profit and loss account 114,721 58,248
Shareholders' funds 114,723 58,250
  • For the year ending 31 July 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 19 April 2017

And signed on their behalf by:
MR P MC BRIDE, Director

MC BRIDE RETAIL DERRYLIN LIMITED Registered Number NI606037

Notes to the Abbreviated Accounts for the period ended 31 July 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 represents the value of goods sold less VAT.

Tangible assets depreciation policy
Depreciation is provided to write off each asset over its useful life

Intangible assets amortisation policy
Depreciation is provided to write off each asset over its useful life

2Intangible fixed assets
£
Cost
At 1 August 2015 270,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2016 270,000
Amortisation
At 1 August 2015 54,000
Charge for the year 10,800
On disposals -
At 31 July 2016 64,800
Net book values
At 31 July 2016 205,200
At 31 July 2015 216,000
3Tangible fixed assets
£
Cost
At 1 August 2015 312,594
Additions 15,525
Disposals -
Revaluations -
Transfers -
At 31 July 2016 328,119
Depreciation
At 1 August 2015 193,829
Charge for the year 26,093
On disposals -
At 31 July 2016 219,922
Net book values
At 31 July 2016 108,197
At 31 July 2015 118,765