Mygym Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09300920 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 7 November 2014 to 30 November 2015

for

Mygym Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J I P Pulleyn

M P P Mulholland

SECRETARY:

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

09300920 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

2

9,350

CURRENT ASSETS

Debtors

24,000

Cash at bank and in hand

29,745

53,745

CREDITORS

Amounts falling due within one year

52,487

NET CURRENT ASSETS

1,258

TOTAL ASSETS LESS CURRENT LIABILITIES

10,608

CREDITORS

Amounts falling due after more than one year

100,000

NET LIABILITIES

(89,392

)

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

(89,402

)

SHAREHOLDERS' FUNDS

(89,392

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 April 2016 and were signed on its behalf by:

M P P Mulholland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

12,512

At 30 November 2015

12,512

DEPRECIATION

Charge for period

3,162

At 30 November 2015

3,162

NET BOOK VALUE

At 30 November 2015

9,350

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10

Ordinary

£1

10

10 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.