Abbreviated Company Accounts - MABLYTE LIMITED

Registered Number 08438791

MABLYTE LIMITED

Abbreviated Accounts

31 March 2014

MABLYTE LIMITED Registered Number 08438791

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014
		£
Called up share capital not paid		-
Fixed assets
Tangible assets	2	4,057
		4,057
Current assets
Stocks		-
Debtors		25,411
Investments		-
Cash at bank and in hand		36,714
		62,125
Creditors: amounts falling due within one year		(15,032)
Net current assets (liabilities)		47,093
Total assets less current liabilities		51,150
Total net assets (liabilities)		51,150
Capital and reserves
Called up share capital		821
Share premium account		152,518
Profit and loss account		(102,189)
Shareholders' funds		51,150

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 28 May 2014

And signed on their behalf by:
Geoffrey Hale, Director

MABLYTE LIMITED Registered Number 08438791

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 comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax 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 of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Laboratory equipment at 3.4% per month

Other accounting policies
Research and development expenditure is written off in the year in which it is incurred.

2Tangible fixed assets

	£
Cost
Additions	5,658
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2014	5,658
Depreciation
Charge for the year	1,601
On disposals	-
At 31 March 2014	1,601
Net book values
At 31 March 2014	4,057