Magic Zoo Limited - Period Ending 2015-03-31

 
 
 
 
 
 
 
  Magic Zoo Limited
 
  Unaudited Abbreviated Accounts
  Period from 1 July 2014 to 31 March 2015

 
  Company Registration Number: 04465663

Magic Zoo Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Magic Zoo Limited
Abbreviated Balance Sheet
31 March 2015

		Note			31 March 2015 £			30 June 2014 £
Fixed assets
Tangible fixed assets		2			-			7,558
Current assets
Debtors					21,366			12,858
Cash at bank and in hand					232			1,357
					21,598			14,215
Creditors: Amounts falling due within one year					(11,045)			(21,351)
Net current assets/(liabilities)					10,553			(7,136)
Net assets					10,553			422
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					10,551			420
Shareholders' funds					10,553			422

For the year ending 31 March 2015 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 director acknowledges his 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 director on 25 August 2015

Mr N Larcombe-Williams
Director

Company Registration Number: 04465663

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Magic Zoo Limited
Notes to the Abbreviated Accounts
Period from 1 July 2014 to 31 March 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	15% reducing balance
Motor Vehicles	20% reducing balance

Foreign currency

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		11,217			11,217
Additions		2,417			2,417
Disposals		(13,634)			(13,634)
At 31 March 2015		-			-
Depreciation
At 1 July 2014		3,659			3,659
Charge for the period		1,122			1,122
Eliminated on disposals		(4,781)			(4,781)
At 31 March 2015		-			-
Net book value
At 31 March 2015		-			-
At 30 June 2014		7,558			7,558

Page 2

Magic Zoo Limited
Notes to the Abbreviated Accounts
Period from 1 July 2014 to 31 March 2015 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						30 June 2014
		No.			£			No.			£
Oridinary of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	1 July 2014 to 31 March 2015 Advance/ Credit £	1 July 2014 to 31 March 2015 Repaid £	Year ended 30 June 2014 Advance/ Credit £	Year ended 30 June 2014 Repaid £
Mr N Larcombe-Williams
Opening balance	12,858	12,858	-	-
During the year, there were a number of advances to Mr N Larcombe-Williams totalling	72,030	50,664	12,858	-
	84,888	63,522	12,858	-

Page 3