MGM Letting Limited - Limited company - abbreviated

MGM LETTING LIMITED

Abbreviated Unaudited Accounts

for the Period 1st July 2013 to 29th June 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Morris

REGISTERED OFFICE:

367 Smithdown Road

Wavertree

Liverpool

L15 3JJ

REGISTERED NUMBER:

06905228 (England and Wales)

ACCOUNTANTS:

The Priory Partnership

Chartered Accountants

1 Abbots Quay

Monks Ferry

Birkenhead

Merseyside

CH41 5LH

FIXED ASSETS

Tangible assets

2

6,247

4,770

CURRENT ASSETS

Debtors

3,497

28,310

Cash at bank

42,183

189,109

45,680

217,419

CREDITORS

Amounts falling due within one year

51,652

162,820

NET CURRENT (LIABILITIES)/ASSETS

(5,972

)

54,599

TOTAL ASSETS LESS CURRENT LIABILITIES

275

59,369

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

273

59,367

SHAREHOLDERS' FUNDS

275

59,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th June 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 director on 23rd June 2015 and were signed by:

J Morris - Director

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 services, excluding value added tax.

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 reducing balance

Computer equipment

-

25% on cost

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2013

14,024

Additions

3,716

At 29th June 2014

17,740

DEPRECIATION

At 1st July 2013

9,254

Charge for period

2,239

At 29th June 2014

11,493

NET BOOK VALUE

At 29th June 2014

6,247

At 30th June 2013

4,770

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

MGM Letting Limited - Limited company - abbreviated - 11.6

MGM Letting Limited - Limited company - abbreviated - 11.6