MAJESTIC MEAT LTD Accounts






MAJESTIC MEAT LTD
	Company No. 08357766
		Abbreviated Accounts
		31 January 2016

at	31 January 2016

Company No.		08357766	Notes	2016	2015
				£	£
Fixed assets

	Tangible assets		2	305,859	101,598

				305,859	101,598
Current assets
	Stocks			42,470	32,266
	Debtors			199,359	210,496

	Cash at bank and in hand			87,318	101,269
				329,147	344,031
Creditors: Amounts falling due within one year				(195,036)	(347,547)
Net current assets/(liabilities)				134,111	(3,516)
Total assets less current liabilities				439,970	98,082
Creditors: Amounts falling due after more than one year				(142,534)	-



Net assets				297,436	98,082

Capital and reserves
	Called up share capital		3	100,000	1



	Profit and loss account			197,436	98,081

Shareholder's funds				297,436	98,082

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 31 January 2016 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 23 August 2016

And signed on its behalf by:

M. Zaman
Director
26 July 2016

for the year ended 31 January 2016

Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

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

Plant and machinery

20% Reducing Balance

Motor vehicles

25% Reducing Balance

Furniture, fittings and equipment

20% Reducing Balance

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Pension costs

Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 February 2015	122,070	122,070
	Additions	274,957	274,957



	At 31 January 2016	397,027	397,027
	Amortisation
	At 1 February 2015	20,472	20,472
	Charge for the year	70,696	70,696



	At 31 January 2016	91,168	91,168
	Net book values
	At 31 January 2016	305,859	305,859
	At 31 January 2015	101,598	101,598

3	Share Capital
		Nominal value	2016	2016	2015
		£	Number	£	£
	Allotted, called up and fully paid:
	Ordinary	1.00	100,000	100,000	1




				100,000	1

		Nominal value	2016	2016
		£	Number	£
	Shares issued during the period:
	Ordinary	1.00	99,999	99,999




				99,999

	Shares were issued during the year to