Abbreviated Company Accounts - MAGIMAT LIMITED

Abbreviated Company Accounts - MAGIMAT LIMITED

MAGIMAT LIMITED - Company Information

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Registered Number 03136954

MAGIMAT LIMITED

Abbreviated Accounts

28 February 2014

MAGIMAT LIMITED Registered Number 03136954

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 120 161
120 161
Current assets
Stocks 9,050 9,850
Debtors - 1,100
Cash at bank and in hand 6,860 889
15,910 11,839
Net current assets (liabilities) 15,910 11,839
Total assets less current liabilities 16,030 12,000
Creditors: amounts falling due after more than one year (9,356) (11,020)
Provisions for liabilities (24) (31)
Total net assets (liabilities) 6,650 949
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,550 849
Shareholders' funds 6,650 949
  • For the year ending 28 February 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 22 November 2014

And signed on their behalf by:
Mr David Hobbs, Director

MAGIMAT LIMITED Registered Number 03136954

Notes to the Abbreviated Accounts for the period ended 28 February 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 total invoice value, excluding value added tax, of sales made during the year

2Tangible fixed assets
£
Cost
At 1 March 2013 4,453
Additions -
Disposals -
Revaluations -
Transfers -
At 28 February 2014 4,453
Depreciation
At 1 March 2013 4,292
Charge for the year 41
On disposals -
At 28 February 2014 4,333
Net book values
At 28 February 2014 120
At 28 February 2013 161