Abbreviated Company Accounts - MEDINA STORES LTD

04012902 MEDINA STORES LTD 2014-08-31 false 2013-09-01 2014-08-31 true 04012902 2013-09-01 2014-08-31 04012902 2014-08-31 04012902 2013-08-31 04012902 uk-gaap-cd-bus:Director1 2013-09-01 2014-08-31 04012902 uk-gaap-cd-bus:Director2 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 04012902

MEDINA STORES LTD

Abbreviated Accounts

31 August 2014

MEDINA STORES LTD Registered Number 04012902

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	13,636	13,428
		13,636	13,428
Current assets
Stocks		61,468	58,780
Cash at bank and in hand		23,208	12,965
		84,676	71,745
Creditors: amounts falling due within one year		(68,405)	(48,534)
Net current assets (liabilities)		16,271	23,211
Total assets less current liabilities		29,907	36,639
Total net assets (liabilities)		29,907	36,639
Capital and reserves
Called up share capital	3	24,000	24,000
Profit and loss account		5,907	12,639
Shareholders' funds		29,907	36,639

For the year ending 31 August 2014 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 29 October 2014

And signed on their behalf by:
M Khan, Director

MEDINA STORES LTD Registered Number 04012902

Notes to the Abbreviated Accounts for the period ended 31 August 2014

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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% reducing balance
Motor vehicles 25% straight line

2Tangible fixed assets

	£
Cost
At 1 September 2013	71,223
Additions	3,200
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	74,423
Depreciation
At 1 September 2013	57,795
Charge for the year	2,992
On disposals	-
At 31 August 2014	60,787
Net book values
At 31 August 2014	13,636
At 31 August 2013	13,428

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

	2014 £	2013 £
24,000 Ordinary shares of £1 each	24,000	24,000