Mahum Textile Ltd - Abbreviated accounts

Mahum Textile Ltd - Abbreviated accounts


Registered number
09535237
Mahum Textile Ltd
Abbreviated Accounts
30 April 2016
Mahum Textile Ltd
Registered number: 09535237
Abbreviated Balance Sheet
as at 30 April 2016
Notes 2016
£
Current assets
Stocks 41,660
Cash at bank and in hand 991
42,651
Creditors: amounts falling due within one year (39,023)
Net current assets 3,628
Net assets 3,628
Capital and reserves
Called up share capital 2 1
Profit and loss account 3,627
Shareholders' funds 3,628
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr Yawer Faheem
Director
Approved by the board on 9 January 2017
Mahum Textile Ltd
Notes to the Abbreviated Accounts
for the period ended 30 April 2016
1 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 ).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Share capital Nominal 2016 2016
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - 1
Mahum Textile Ltd09535237falsetrue2015-04-102016-04-302016-04-30Mr Yawer Faheem095352372015-04-102016-04-3009535237uk-bus:Director402015-04-102016-04-3009535237uk-bus:OrdinaryShareClass12015-04-102016-04-30095352372016-04-3009535237uk-bus:OrdinaryShareClass12016-04-30095352372015-04-09iso4217:GBPxbrli:shares