M S Grocers Ltd - Limited company - abbreviated - 11.6

M S Grocers Ltd - Limited company - abbreviated - 11.6

M S GROCERS LTD - Company Information

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SC432862 1.10.13 30.9.14 30.9.14 Company accounts Private Limited Company FY true false true false true false false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC4328622013-09-30SC4328622014-09-30SC4328622013-10-012014-09-30SC4328622012-09-30SC4328622012-10-012013-09-30SC4328622013-09-30SC432862ns12:Scotland2013-10-012014-09-30SC432862ns14:PoundSterling2013-10-012014-09-30SC432862ns7:Director12013-10-012014-09-30SC432862ns7:Director22013-10-012014-09-30SC432862ns7:OrdinaryShareClass12013-10-012014-09-30SC432862ns7:RegisteredOffice2013-10-012014-09-30SC432862ns7:EntityAccountantsOrAuditors2013-10-012014-09-30SC432862ns5:FixturesFittings2013-10-012014-09-30SC432862ns5:MotorVehicles2013-10-012014-09-30SC432862ns5:ComputerEquipment2013-10-012014-09-30SC432862ns7:OrdinaryShareClass12014-09-30SC432862ns7:OrdinaryShareClass12013-09-30
REGISTERED NUMBER: SC432862 (Scotland)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

M S GROCERS LTD

M S GROCERS LTD (REGISTERED NUMBER: SC432862)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

M S GROCERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2014







DIRECTORS: S Sarwar
N Sarwar





REGISTERED OFFICE: 58 Queens Road
Aberdeen
AB15 4YE





REGISTERED NUMBER: SC432862 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
58 Queens Road
Aberdeen
Grampian
AB15 4YE
Page 1
M S GROCERS LTD (REGISTERED NUMBER: SC432862)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

30.9.14 30.9.13
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 225,270 237,785
Tangible assets 3 3,995 5,829
229,265 243,614

CURRENT ASSETS
Stocks 28,000 33,000
Debtors 500 500
Cash in hand 12,637 10,047
41,137 43,547
CREDITORS
Amounts falling due within one year 4 248,951 286,581
NET CURRENT LIABILITIES (207,814 ) (243,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
21,451
580

PROVISIONS FOR LIABILITIES 78 117
NET ASSETS 21,373 463

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 21,273 363
SHAREHOLDERS' FUNDS 21,373 463

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The notes form part of these abbreviated accounts

Page 2 continued...
M S GROCERS LTD (REGISTERED NUMBER: SC432862)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 18 January 2015 and were signed on its behalf by:




S Sarwar - Director



N Sarwar - Director


The notes form part of these abbreviated accounts

Page 3
M S GROCERS LTD (REGISTERED NUMBER: SC432862)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 250,300
AMORTISATION
At 1 October 2013 12,515
Amortisation for year 12,515
At 30 September 2014 25,030
NET BOOK VALUE

At 30 September 2014 225,270
At 30 September 2013 237,785

Page 4 continued...
M S GROCERS LTD (REGISTERED NUMBER: SC432862)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2013
and 30 September 2014 7,471
DEPRECIATION
At 1 October 2013 1,642
Charge for year 1,834
At 30 September 2014 3,476
NET BOOK VALUE
At 30 September 2014 3,995
At 30 September 2013 5,829

4. CREDITORS

Creditors include an amount of £ 91,096 (30.9.13 - £ 62,907 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.14 30.9.13
value: £    £   
100 Ordinary £1 100 100

Page 5