Abbreviated Company Accounts - MASTER PAINTMAKERS LTD

MASTER PAINTMAKERS LTD - Company Information

Registered Number 08399897

MASTER PAINTMAKERS LTD

Abbreviated Accounts

30 June 2015

MASTER PAINTMAKERS LTD Registered Number 08399897

Abbreviated Balance Sheet as at 30 June 2015

	Notes	30/06/2015	28/02/2014
		£	£
Fixed assets
Tangible assets	2	376,338	-
		376,338	-
Current assets
Stocks		93,164	1,000
Debtors		130,616	19,874
Cash at bank and in hand		141,206	1,040
		364,986	21,914
Creditors: amounts falling due within one year		(162,065)	(52,921)
Net current assets (liabilities)		202,921	(31,007)
Total assets less current liabilities		579,259	(31,007)
Creditors: amounts falling due after more than one year		0	(23,500)
Total net assets (liabilities)		579,259	(54,507)
Capital and reserves
Called up share capital		1,055,000	100
Profit and loss account		(475,741)	(54,607)
Shareholders' funds		579,259	(54,507)

For the year ending 30 June 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 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 1 March 2016

And signed on their behalf by:
David Roberts, Director

MASTER PAINTMAKERS LTD Registered Number 08399897

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

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
Revenue from the sale of goods and services in the course of ordinary activities is measured at the fair value of the consideration received or receivable, net of returns, trade discounts and volume rebates.

Tangible assets depreciation policy
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses.

2Tangible fixed assets

	£
Cost
At 1 March 2014	0
Additions	491,606
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	491,606
Depreciation
At 1 March 2014	0
Charge for the year	115,268
On disposals	-
At 30 June 2015	115,268
Net book values
At 30 June 2015	376,338
At 28 February 2014	0