Abbreviated Company Accounts - MASKELLS GUNS AND FIELD SPORTS LIMITED

MASKELLS GUNS AND FIELD SPORTS LIMITED - Company Information

08563853 MASKELLS GUNS AND FIELD SPORTS LIMITED 2014-06-30 false 2013-06-11 2014-06-30 true 08563853 2013-06-11 2014-06-30 08563853 2014-06-30 08563853 uk-gaap-cd-bus:Director1 2013-06-11 2014-06-30 08563853 uk-gaap-cd-bus:Director2 2013-06-11 2014-06-30 uk-gaap-cd-bus:Director3 2013-06-11 2014-06-30 uk-gaap-cd-bus:Director3 2014-06-30 uk-gaap-cd-bus:Director4 2013-06-11 2014-06-30 uk-gaap-cd-bus:Director4 2014-06-30 iso4217:GBP shares

Registered Number 08563853

MASKELLS GUNS AND FIELD SPORTS LIMITED

Abbreviated Accounts

30 June 2014

MASKELLS GUNS AND FIELD SPORTS LIMITED Registered Number 08563853

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014
		£
Fixed assets
Intangible assets	2	32,000
Tangible assets	3	6,171
		38,171
Current assets
Stocks		59,127
Debtors		3,053
Cash at bank and in hand		33,294
		95,474
Creditors: amounts falling due within one year		(144,213)
Net current assets (liabilities)		(48,739)
Total assets less current liabilities		(10,568)
Total net assets (liabilities)		(10,568)
Capital and reserves
Called up share capital		100
Profit and loss account		(10,668)
Shareholders' funds		(10,568)

For the year ending 30 June 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 20 August 2014

And signed on their behalf by:
Jeffrey Skey, Director

MASKELLS GUNS AND FIELD SPORTS LIMITED Registered Number 08563853

Notes to the Abbreviated Accounts for the period ended 30 June 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 January 2015

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & machinery 25% reducing balance
Motor vehicles 25% reducing balance

2Intangible fixed assets

	£
Cost
Additions	40,000
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	40,000
Amortisation
Charge for the year	8,000
On disposals	-
At 30 June 2014	8,000
Net book values
At 30 June 2014	32,000

Goodwill is being written off in equal instalments over its estimated economic life of 5 years.

3Tangible fixed assets

	£
Cost
Additions	8,228
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	8,228
Depreciation
Charge for the year	2,057
On disposals	-
At 30 June 2014	2,057
Net book values
At 30 June 2014	6,171

4Transactions with directors

Name of director receiving advance or credit:	Mr J Skey
Description of the transaction:	Director's loan to the company. The loan is interest free and payable on demand
Balance at 11 June 2013:	-
Advances or credits made:	£ 63,841
Advances or credits repaid:	-
Balance at 30 June 2014:	£ 63,841

Name of director receiving advance or credit:	Mrs J Skey
Description of the transaction:	Director's loan to the company. The loan is interest free and payable on demand.
Balance at 11 June 2013:	-
Advances or credits made:	£ 63,841
Advances or credits repaid:	-
Balance at 30 June 2014:	£ 63,841

Ultimate controlling party.
The company is under the control of the directors.