Abbreviated Company Accounts - MECCANICA CORITANI LIMITED

MECCANICA CORITANI LIMITED - Company Information

Registered Number 08399536

MECCANICA CORITANI LIMITED

Abbreviated Accounts

26 February 2015

MECCANICA CORITANI LIMITED Registered Number 08399536

Abbreviated Balance Sheet as at 26 February 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,184	1,767
		1,184	1,767
Current assets
Stocks		41,118	58,327
Debtors		926	5,964
		42,044	64,291
Creditors: amounts falling due within one year		(24,998)	(28,646)
Net current assets (liabilities)		17,046	35,645
Total assets less current liabilities		18,230	37,412
Creditors: amounts falling due after more than one year		(120,111)	(102,009)
Total net assets (liabilities)		(101,881)	(64,597)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(101,981)	(64,697)
Shareholders' funds		(101,881)	(64,597)

For the year ending 26 February 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 19 April 2016

And signed on their behalf by:
Colin H Ball, Director

MECCANICA CORITANI LIMITED Registered Number 08399536

Notes to the Abbreviated Accounts for the period ended 26 February 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
Turnover comprises the invoiced value of goods and services supplied by the company , net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment - 33% Straight line
Fixtures & Fittings - 33% Straight line

2Tangible fixed assets

	£
Cost
At 1 March 2014	2,636
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 26 February 2015	2,636
Depreciation
At 1 March 2014	869
Charge for the year	583
On disposals	-
At 26 February 2015	1,452
Net book values
At 26 February 2015	1,184
At 28 February 2014	1,767