Abbreviated Company Accounts - THEMAC LIMITED

PFG INVESTMENTS LTD - Company Information

Registered Number 05951701

THEMAC LIMITED

Abbreviated Accounts

31 December 2013

THEMAC LIMITED Registered Number 05951701

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	1,935	-
		1,935	-
Current assets
Debtors		2,609	8,000
Cash at bank and in hand		11,510	41
		14,119	8,041
Creditors: amounts falling due within one year		(8,256)	(7,746)
Net current assets (liabilities)		5,863	295
Total assets less current liabilities		7,798	295
Total net assets (liabilities)		7,798	295
Capital and reserves
Called up share capital		100	100
Profit and loss account		7,698	195
Shareholders' funds		7,798	295

For the year ending 31 December 2013 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 21 July 2014

And signed on their behalf by:
A S Goody, Director

THEMAC LIMITED Registered Number 05951701

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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
This represents the value of goods and services supplied to customers during the year, less returns and exclusive of value added tax.

Tangible assets depreciation policy
Depreciation has been included on a reducing balance basis to write down each asset to its estimated residual value over the period of its revenue earning life. The annual rates used are:-
Equipment 25%

2Tangible fixed assets

	£
Cost
At 1 January 2013	0
Additions	2,580
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	2,580
Depreciation
At 1 January 2013	0
Charge for the year	645
On disposals	-
At 31 December 2013	645
Net book values
At 31 December 2013	1,935
At 31 December 2012	0