Abbreviated Company Accounts - MAGMA PRODUCTS (GY) LIMITED

SC459364 MAGMA PRODUCTS (GY) LIMITED 2014-03-31 false 2013-09-17 2014-03-31 true SC459364 2013-09-17 2014-03-31 SC459364 2014-03-31 SC459364 uk-gaap-cd-bus:Director1 2013-09-17 2014-03-31 SC459364 uk-gaap-cd-bus:Director2 2013-09-17 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-17 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number SC459364

MAGMA PRODUCTS (GY) LIMITED

Abbreviated Accounts

31 March 2014

MAGMA PRODUCTS (GY) LIMITED Registered Number SC459364

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Current assets
Debtors		21,877
Cash at bank and in hand		10,435
		32,312
Creditors: amounts falling due within one year		(82,062)
Net current assets (liabilities)		(49,750)
Total assets less current liabilities		(49,750)
Total net assets (liabilities)		(49,750)
Capital and reserves
Called up share capital	2	100
Profit and loss account		(49,850)
Shareholders' funds		(49,750)

For the year ending 31 March 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 12 December 2014

And signed on their behalf by:
Mr P Rushton, Director

MAGMA PRODUCTS (GY) LIMITED Registered Number SC459364

Notes to the Abbreviated Accounts for the period ended 31 March 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
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Other accounting policies
Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
100 Ordinary shares of £1 each	100