Abbreviated Company Accounts - MASTER PAINTMAKERS LTD

MASTER PAINTMAKERS LTD - Company Information

08399897 MASTER PAINTMAKERS LTD 2016-03-31 false 2015-07-01 2016-03-31 true 08399897 2015-07-01 2016-03-31 08399897 2016-03-31 08399897 2015-06-30 08399897 uk-gaap-cd-bus:Director1 2015-07-01 2016-03-31 08399897 uk-gaap-cd-bus:Director2 2015-07-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 08399897

MASTER PAINTMAKERS LTD

Abbreviated Accounts

31 March 2016

MASTER PAINTMAKERS LTD Registered Number 08399897

Abbreviated Balance Sheet as at 31 March 2016

	Notes	31/03/2016	30/06/2015
		£	£
Fixed assets
Tangible assets	2	215,541	376,338
		215,541	376,338
Current assets
Stocks		10,000	93,164
Debtors		7,535	130,616
Cash at bank and in hand		11,290	141,206
		28,825	364,986
Creditors: amounts falling due within one year		(192,100)	(162,065)
Net current assets (liabilities)		(163,275)	202,921
Total assets less current liabilities		52,266	579,259
Creditors: amounts falling due after more than one year		(220,000)	-
Total net assets (liabilities)		(167,734)	579,259
Capital and reserves
Called up share capital	3	1,045,000	777,500
Share premium account		545,000	277,500
Profit and loss account		(1,757,734)	(475,741)
Shareholders' funds		(167,734)	579,259

For the year ending 31 March 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 13 January 2017

And signed on their behalf by:
Andrew Mackenzie, Director

MASTER PAINTMAKERS LTD Registered Number 08399897

Notes to the Abbreviated Accounts for the period ended 31 March 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.

2Tangible fixed assets

	£
Cost
At 1 July 2015	491,606
Additions	32,132
Disposals	(28,000)
Revaluations	-
Transfers	-
At 31 March 2016	495,738
Depreciation
At 1 July 2015	115,268
Charge for the year	164,929
On disposals	-
At 31 March 2016	280,197
Net book values
At 31 March 2016	215,541
At 30 June 2015	376,338

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

	31/03/2016 £	30/06/2015 £
522,500 Ordinary shares of £2 each (388,750 shares for 30/06/2015)	1,045,000	777,500

During the period, the company issued 267,500 ordinary shares at an issue price of £2 each.