Abbreviated Company Accounts - MAGAZA BALKAN FOOD LTD

Abbreviated Company Accounts - MAGAZA BALKAN FOOD LTD

MAGAZA BALKAN FOOD LTD - Company Information

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Registered Number 08259793

MAGAZA BALKAN FOOD LTD

Abbreviated Accounts

31 October 2013

MAGAZA BALKAN FOOD LTD Registered Number 08259793

Abbreviated Balance Sheet as at 31 October 2013

Notes 2013
£
Fixed assets
Intangible assets 2 60,000
Tangible assets 3 10,692
70,692
Current assets
Stocks 55,000
Debtors 27,306
Cash at bank and in hand 776
83,082
Creditors: amounts falling due within one year (116,679)
Net current assets (liabilities) (33,597)
Total assets less current liabilities 37,095
Total net assets (liabilities) 37,095
Capital and reserves
Called up share capital 100
Profit and loss account 36,995
Shareholders' funds 37,095
  • For the year ending 31 October 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 29 July 2014

And signed on their behalf by:
Asima Salkic, Director

MAGAZA BALKAN FOOD LTD Registered Number 08259793

Notes to the Abbreviated Accounts for the period ended 31 October 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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Computer equipment 25% reducing balance basis
Fixtures Fittings & Equipment 25% reducing balance basis
Motor Vehicle 25% reducing balance basis

Other accounting policies
Ultimate controlling party
These are the directors who own 100% of the company.

2Intangible fixed assets
£
Cost
Additions 60,000
Disposals -
Revaluations -
Transfers -
At 31 October 2013 60,000
Amortisation
Charge for the year -
On disposals -
At 31 October 2013 -
Net book values
At 31 October 2013 60,000
3Tangible fixed assets
£
Cost
Additions 14,256
Disposals -
Revaluations -
Transfers -
At 31 October 2013 14,256
Depreciation
Charge for the year 3,564
On disposals -
At 31 October 2013 3,564
Net book values
At 31 October 2013 10,692