Abbreviated Company Accounts - MAVI'S RETAIL LIMITED

Abbreviated Company Accounts - MAVI'S RETAIL LIMITED

MAVI'S RETAIL LIMITED - Company Information

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Registered Number 06867022

MAVI'S RETAIL LIMITED

Abbreviated Accounts

30 April 2014

MAVI'S RETAIL LIMITED Registered Number 06867022

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 60,000 70,000
Tangible assets 3 10,769 13,291
70,769 83,291
Current assets
Stocks 37,500 37,500
Debtors 35,544 32,869
Cash at bank and in hand 17,680 45,278
90,724 115,647
Creditors: amounts falling due within one year (140,222) (99,220)
Net current assets (liabilities) (49,498) 16,427
Total assets less current liabilities 21,271 99,718
Creditors: amounts falling due after more than one year (15,118) (86,851)
Total net assets (liabilities) 6,153 12,867
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,053 12,767
Shareholders' funds 6,153 12,867
  • For the year ending 30 April 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 29 January 2015

And signed on their behalf by:
P Singh, Director

MAVI'S RETAIL LIMITED Registered Number 06867022

Notes to the Abbreviated Accounts for the period ended 30 April 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery - 25% on reducing balance

2Intangible fixed assets
£
Cost
At 1 May 2013 90,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 90,000
Amortisation
At 1 May 2013 20,000
Charge for the year 10,000
On disposals -
At 30 April 2014 30,000
Net book values
At 30 April 2014 60,000
At 30 April 2013 70,000
3Tangible fixed assets
£
Cost
At 1 May 2013 29,398
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2014 29,398
Depreciation
At 1 May 2013 16,107
Charge for the year 2,522
On disposals -
At 30 April 2014 18,629
Net book values
At 30 April 2014 10,769
At 30 April 2013 13,291