Abbreviated Company Accounts - MAGELLAN INSTRUMENTS LIMITED

MAGELLAN INSTRUMENTS LIMITED - Company Information

Registered Number 03841470

MAGELLAN INSTRUMENTS LIMITED

Abbreviated Accounts

30 September 2016

MAGELLAN INSTRUMENTS LIMITED Registered Number 03841470

Abbreviated Balance Sheet as at 30 September 2016

	2016	2015
	£	£
Current assets
Debtors	906	519
Cash at bank and in hand	50,717	78,603
	51,623	79,122
Creditors: amounts falling due within one year	(42,892)	(78,004)
Net current assets (liabilities)	8,731	1,118
Total assets less current liabilities	8,731	1,118
Total net assets (liabilities)	8,731	1,118
Capital and reserves
Called up share capital	100	100
Profit and loss account	8,631	1,018
Shareholders' funds	8,731	1,118

For the year ending 30 September 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 26 June 2017

And signed on their behalf by:
John Bonham Carter, Director

MAGELLAN INSTRUMENTS LIMITED Registered Number 03841470

Notes to the Abbreviated Accounts for the period ended 30 September 2016

1Accounting Policies

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

Turnover policy
1.2. Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.