Abbreviated Company Accounts - MAYFAIR DEVELOPERS LIMITED

MAYFAIR DEVELOPERS LIMITED - Company Information

07344122 MAYFAIR DEVELOPERS LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 07344122 2014-09-01 2015-08-31 07344122 2015-08-31 07344122 2014-08-31 07344122 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 07344122 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 07344122

MAYFAIR DEVELOPERS LIMITED

Abbreviated Accounts

31 August 2015

MAYFAIR DEVELOPERS LIMITED Registered Number 07344122

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	42,163	43,767
		42,163	43,767
Current assets
Stocks		138,598	295,313
Debtors		4,187	3,997
Cash at bank and in hand		204,073	165,098
		346,858	464,408
Creditors: amounts falling due within one year		(137,049)	(316,846)
Net current assets (liabilities)		209,809	147,562
Total assets less current liabilities		251,972	191,329
Creditors: amounts falling due after more than one year		(14,700)	(27,784)
Total net assets (liabilities)		237,272	163,545
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		237,270	163,543
Shareholders' funds		237,272	163,545

For the year ending 31 August 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 27 May 2016

And signed on their behalf by:
MATTHEW ANDERSON, Director

MAYFAIR DEVELOPERS LIMITED Registered Number 07344122

Notes to the Abbreviated Accounts for the period ended 31 August 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% Reducing Balance Method
Motor Vehicles - 25% Reducing Balance Method

Other accounting policies
Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock and work in progress

Work in progress is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 September 2014	63,940
Additions	24,633
Disposals	(16,245)
Revaluations	-
Transfers	-
At 31 August 2015	72,328
Depreciation
At 1 September 2014	20,173
Charge for the year	16,472
On disposals	(6,480)
At 31 August 2015	30,165
Net book values
At 31 August 2015	42,163
At 31 August 2014	43,767

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

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2