Abbreviated Company Accounts - MAHADY INVESTMENT LIMITED

MAHADY INVESTMENT LIMITED - Company Information

09688561 MAHADY INVESTMENT LIMITED 2016-04-30 false 2015-07-16 2016-04-30 true 09688561 2015-07-16 2016-04-30 09688561 2016-04-30 09688561 uk-gaap-cd-bus:Director1 2015-07-16 2016-04-30 09688561 uk-gaap-cd-bus:Director2 2015-07-16 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-16 2016-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-30 iso4217:GBP shares

Registered Number 09688561

MAHADY INVESTMENT LIMITED

Abbreviated Accounts

30 April 2016

MAHADY INVESTMENT LIMITED Registered Number 09688561

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	1,264,088
		1,264,088
Current assets
Stocks		85,167
Debtors		204,129
Cash at bank and in hand		16,973
		306,269
Creditors: amounts falling due within one year		(1,578,260)
Net current assets (liabilities)		(1,271,991)
Total assets less current liabilities		(7,903)
Total net assets (liabilities)		(7,903)
Capital and reserves
Called up share capital	3	100
Profit and loss account		(8,003)
Shareholders' funds		(7,903)

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 3 February 2017

And signed on their behalf by:
A Shanks, Director
Mrs L Shanks, Director

MAHADY INVESTMENT LIMITED Registered Number 09688561

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 April 2008.

Turnover policy
Turnover
Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Valuation information and policy
Work in progress
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets

	£
Cost
Additions	1,264,088
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	1,264,088
Depreciation
Charge for the year	-
On disposals	-
At 30 April 2016	-
Net book values
At 30 April 2016	1,264,088

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

	2016 £
100 Ordinary shares of £1 each	100