Abbreviated Company Accounts - MY BUGGY BUDDY LTD.

Abbreviated Company Accounts - MY BUGGY BUDDY LTD.

MY BUGGY BUDDY LTD. - Company Information

Print Friendly Version

Registered Number 07359610

MY BUGGY BUDDY LTD.

Abbreviated Accounts

31 March 2014

MY BUGGY BUDDY LTD. Registered Number 07359610

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 158,454 167,257
Tangible assets 3 5,243 3,047
163,697 170,304
Current assets
Stocks 21,048 20,796
Debtors 32,600 28,828
Cash at bank and in hand 9,150 15,370
62,798 64,994
Creditors: amounts falling due within one year (128,642) (182,818)
Net current assets (liabilities) (65,844) (117,824)
Total assets less current liabilities 97,853 52,480
Total net assets (liabilities) 97,853 52,480
Capital and reserves
Called up share capital 100 100
Profit and loss account 97,753 52,380
Shareholders' funds 97,853 52,480
  • 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 30 December 2014

And signed on their behalf by:
Paul Baines, Director
Paul Clubb, Director

MY BUGGY BUDDY LTD. Registered Number 07359610

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
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided at 25 % using the reducing balance method

Intangible assets amortisation policy
Goodwill is amortised over its estimated economic life

Other accounting policies
Stock is valued at the lower of cost and net realisable value after due regard for obsolete and slow moving stock

2Intangible fixed assets
£
Cost
At 1 April 2013 176,060
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 176,060
Amortisation
At 1 April 2013 8,803
Charge for the year 8,803
On disposals -
At 31 March 2014 17,606
Net book values
At 31 March 2014 158,454
At 31 March 2013 167,257

Goodwill is amortised over its estimated useful life

3Tangible fixed assets
£
Cost
At 1 April 2013 4,063
Additions 2,958
Disposals -
Revaluations -
Transfers -
At 31 March 2014 7,021
Depreciation
At 1 April 2013 1,016
Charge for the year 762
On disposals -
At 31 March 2014 1,778
Net book values
At 31 March 2014 5,243
At 31 March 2013 3,047

Depreciation is calculated at 25% using the reducing balance method