Abbreviated Company Accounts - MECCANICA CORITANI LIMITED

MECCANICA CORITANI LIMITED - Company Information

08399536 MECCANICA CORITANI LIMITED 2016-02-25 false 2015-02-27 2016-02-25 true 08399536 2015-02-27 2016-02-25 08399536 2016-02-25 08399536 2015-02-26 08399536 uk-gaap-cd-bus:Director1 2015-02-27 2016-02-25 08399536 uk-gaap-cd-bus:Director2 2015-02-27 2016-02-25 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-27 2016-02-25 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-25 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-26 iso4217:GBP shares

Registered Number 08399536

MECCANICA CORITANI LIMITED

Abbreviated Accounts

25 February 2016

MECCANICA CORITANI LIMITED Registered Number 08399536

Abbreviated Balance Sheet as at 25 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	794	1,184
		794	1,184
Current assets
Stocks		32,719	41,118
Debtors		1,650	926
		34,369	42,044
Creditors: amounts falling due within one year		(24,695)	(24,998)
Net current assets (liabilities)		9,674	17,046
Total assets less current liabilities		10,468	18,230
Creditors: amounts falling due after more than one year		(119,411)	(120,111)
Total net assets (liabilities)		(108,943)	(101,881)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(109,043)	(101,981)
Shareholders' funds		(108,943)	(101,881)

For the year ending 25 February 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 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 24 November 2016

And signed on their behalf by:
Colin H Ball, Director

MECCANICA CORITANI LIMITED Registered Number 08399536

Notes to the Abbreviated Accounts for the period ended 25 February 2016

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 comprises the invoiced value of goods and services by the company, net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight line
Fixture and Fittings 33% Straight line

2Tangible fixed assets

	£
Cost
At 27 February 2015	2,636
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 25 February 2016	2,636
Depreciation
At 27 February 2015	1,452
Charge for the year	390
On disposals	-
At 25 February 2016	1,842
Net book values
At 25 February 2016	794
At 26 February 2015	1,184

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100