Monster Mayhem Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08689189 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Monster Mayhem Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M A Azram

V Gulraiz

REGISTERED OFFICE:

Star City

Unit 19

Watson Road

Birmingham

West Midlands

B7 5SA

REGISTERED NUMBER:

08689189 (England and Wales)

FIXED ASSETS

Tangible assets

2

78,991

92,410

CURRENT ASSETS

Stocks

6,157

-

Debtors

35,190

25,901

Cash at bank and in hand

4,405

8,896

45,752

34,797

CREDITORS

Amounts falling due within one year

103,774

79,233

NET CURRENT LIABILITIES

(58,022

)

(44,436

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,969

47,974

CREDITORS

Amounts falling due after more than one year

26,843

64,867

NET LIABILITIES

(5,874

)

(16,893

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(5,875

)

(16,894

)

SHAREHOLDERS' FUNDS

(5,874

)

(16,893

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 30 May 2016 and were signed on its behalf by:

V Gulraiz - 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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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

At 1 September 2014

108,718

Additions

520

At 31 August 2015

109,238

DEPRECIATION

At 1 September 2014

16,308

Charge for year

13,939

At 31 August 2015

30,247

NET BOOK VALUE

At 31 August 2015

78,991

At 31 August 2014

92,410

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

1

Ordinary

1

1

1