Abbreviated Company Accounts - MMJP LIMITED

NI608460 MMJP LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true NI608460 2014-09-01 2015-08-31 NI608460 2015-08-31 NI608460 2014-08-31 NI608460 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 NI608460 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 NI608460

MMJP LIMITED

Abbreviated Accounts

31 August 2015

MMJP LIMITED Registered Number NI608460

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	49,622	50,042
		49,622	50,042
Current assets
Stocks		25,025	45,117
Debtors		12,451	7,253
Cash at bank and in hand		90,740	64,048
		128,216	116,418
Creditors: amounts falling due within one year		(497,031)	(395,807)
Net current assets (liabilities)		(368,815)	(279,389)
Total assets less current liabilities		(319,193)	(229,347)
Total net assets (liabilities)		(319,193)	(229,347)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(319,293)	(229,447)
Shareholders' funds		(319,193)	(229,347)

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 30 June 2016

And signed on their behalf by:
Mr P Lavery, Director
Mr J Douglas, Director

MMJP LIMITED Registered Number NI608460

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under historical cost convention, and in accordance with applicable UK accounting standards.

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

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
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 and fittings - 25% straight line
Renovations - 20% straight line

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
These financial statements have been prepared on a going concern basis, notwithstanding the fact that the company had a net shareholders' deficiency of £319,193 at the balance sheet date. The directors have considered future financial projections and future cashflow requirements and have concluded that the company will have adequate resources to continue in operation for the foreseeable future. Accordingly, the directors consider it appropriate that the financial statements in respect of the year ended 31 August 2015 be prepared on a going concern basis.

2Tangible fixed assets

	£
Cost
At 1 September 2014	80,590
Additions	14,799
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	95,389
Depreciation
At 1 September 2014	30,548
Charge for the year	15,219
On disposals	-
At 31 August 2015	45,767
Net book values
At 31 August 2015	49,622
At 31 August 2014	50,042

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100