MACPA_LIMITED - Accounts

MACPA LIMITED - Company Information

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Company Registration No. 03415757 (England and Wales)

MACPA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MACPA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MACPA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

106,361

123,264

Current assets

Stocks

1,115,228

1,140,245

Debtors

119,142

85,474

Cash at bank and in hand

409

411

1,234,779

1,226,130

Creditors: amounts falling due within one year

(684,964)

(768,168)

Net current assets

549,815

457,962

Total assets less current liabilities

656,176

581,226

Creditors: amounts falling due after more than one year

(461,579)

(396,813)

Provisions for liabilities

(10,979)

(12,670)

183,618

171,743

Capital and reserves

Called up share capital

Profit and loss account

183,616

171,741

Shareholders' funds

183,618

171,743

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 December 2016

Mr Aminmohamed Somani

Director

Company Registration No. 03415757

MACPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings freehold

4% per annum on a straight line basis.

Fixtures, fittings & equipment

15% per annum on a reducing balance basis.

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

MACPA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

417,830

Additions

160

At 31 March 2016

417,990

Depreciation

At 1 April 2015

294,566

Charge for the year

17,063

At 31 March 2016

311,629

Net book value

At 31 March 2016

106,361

At 31 March 2015

123,264

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £99,769 (2015 - £159,284).

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

195,032

The aggregate amount of creditors for which security has been given amounted to £53,846 (2015 - £165,664).

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each