Abbreviated Company Accounts - MAGNUM ONE INTERNATIONAL LIMITED

MAGNUM ONE INTERNATIONAL LIMITED - Company Information

04314645 MAGNUM ONE INTERNATIONAL LIMITED 2013-10-31 false 2012-11-01 2013-10-31 true 04314645 2012-11-01 2013-10-31 04314645 2013-10-31 04314645 2012-10-31 04314645 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 04314645 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 04314645

MAGNUM ONE INTERNATIONAL LIMITED

Abbreviated Accounts

31 October 2013

MAGNUM ONE INTERNATIONAL LIMITED Registered Number 04314645

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	2,228	1,332
		2,228	1,332
Current assets
Debtors		15,000	-
Cash at bank and in hand		8,715	24,286
		23,715	24,286
Creditors: amounts falling due within one year		(25,868)	(25,209)
Net current assets (liabilities)		(2,153)	(923)
Total assets less current liabilities		75	409
Total net assets (liabilities)		75	409
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(25)	309
Shareholders' funds		75	409

For the year ending 31 October 2013 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 7 July 2014

And signed on their behalf by:
Mr M Kasprzykiewicz, Director

MAGNUM ONE INTERNATIONAL LIMITED Registered Number 04314645

Notes to the Abbreviated Accounts for the period ended 31 October 2013

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 25% per annum on reducing balance

Valuation information and policy
All fixed assets are initially recorded at cost.

Other accounting policies
Pension costs

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 November 2012	8,251
Additions	1,639
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	9,890
Depreciation
At 1 November 2012	6,919
Charge for the year	743
On disposals	-
At 31 October 2013	7,662
Net book values
At 31 October 2013	2,228
At 31 October 2012	1,332

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100