Abbreviated Company Accounts - MANDALAY TRADING COMPANY LIMITED

MANDALAY TRADING COMPANY LIMITED - Company Information

Registered Number 02955813

MANDALAY TRADING COMPANY LIMITED

Abbreviated Accounts

31 December 2014

MANDALAY TRADING COMPANY LIMITED Registered Number 02955813

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	-	3,145
		-	3,145
Current assets
Stocks		-	347
Debtors		2,060	14,061
Cash at bank and in hand		740	543
		2,800	14,951
Creditors: amounts falling due within one year		(7,602)	(8,845)
Net current assets (liabilities)		(4,802)	6,106
Total assets less current liabilities		(4,802)	9,251
Total net assets (liabilities)		(4,802)	9,251
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(5,802)	8,251
Shareholders' funds		(4,802)	9,251

For the year ending 31 December 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 30 September 2015

And signed on their behalf by:
Altaf Ally, Director

MANDALAY TRADING COMPANY LIMITED Registered Number 02955813

Notes to the Abbreviated Accounts for the period ended 31 December 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 services, excluding value added tax

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
fixtures and fittings 15% reducing balance
Equipment 33% reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2014	19,492
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	19,492
Depreciation
At 1 January 2014	16,347
Charge for the year	3,145
On disposals	-
At 31 December 2014	19,492
Net book values
At 31 December 2014	0
At 31 December 2013	3,145