Abbreviated Company Accounts - EFFIGY MODELS AND SETS LIMITED

EFFIGY MODELS AND SETS LIMITED - Company Information

03773999 EFFIGY MODELS AND SETS LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 03773999 2013-06-01 2014-05-31 03773999 2014-05-31 03773999 2013-05-31 03773999 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 03773999 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2013-06-01 2014-05-31 uk-gaap-cd-bus:Director3 2014-05-31 uk-gaap-cd-bus:Director3 2013-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 03773999

EFFIGY MODELS AND SETS LIMITED

Abbreviated Accounts

31 May 2014

EFFIGY MODELS AND SETS LIMITED Registered Number 03773999

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	205	4,213
		205	4,213
Current assets
Debtors		84	695
Cash at bank and in hand		88,132	84,613
		88,216	85,308
Creditors: amounts falling due within one year		(24,129)	(5,582)
Net current assets (liabilities)		64,087	79,726
Total assets less current liabilities		64,292	83,939
Total net assets (liabilities)		64,292	83,939
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		64,290	83,937
Shareholders' funds		64,292	83,939

For the year ending 31 May 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 January 2015

And signed on their behalf by:
D Wood, Director

EFFIGY MODELS AND SETS LIMITED Registered Number 03773999

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts receivable for services provided net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows:- Plant and machinery 20% per annum straight line

2Tangible fixed assets

	£
Cost
At 1 June 2013	33,145
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	33,145
Depreciation
At 1 June 2013	28,932
Charge for the year	4,008
On disposals	-
At 31 May 2014	32,940
Net book values
At 31 May 2014	205
At 31 May 2013	4,213

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

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2

4Transactions with directors

Name of director receiving advance or credit:	D Wood
Description of the transaction:	Loan to the company
Balance at 1 June 2013:	£ 1,782
Advances or credits made:	£ 18,545
Advances or credits repaid:	-
Balance at 31 May 2014:	£ 20,327

At the balance sheet date the company was under the control of its director who is the sole shareholder.

At 31 May 2014 the director was due £20,327 (2013: £ 1,782), which represents an unsecured interest free loan made by him to the company.