Abbreviated Company Accounts - MODERN CASUALS LTD

Abbreviated Company Accounts - MODERN CASUALS LTD

MODERN CASUALS LTD - Company Information

Print Friendly Version

Registered Number 08689706

MODERN CASUALS LTD

Abbreviated Accounts

30 June 2016

MODERN CASUALS LTD Registered Number 08689706

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 12,879 38,196
12,879 38,196
Current assets
Stocks 114,618 165,000
Debtors 10,563 15,511
Cash at bank and in hand 44,989 47,206
170,170 227,717
Creditors: amounts falling due within one year (306,731) (331,123)
Net current assets (liabilities) (136,561) (103,406)
Total assets less current liabilities (123,682) (65,210)
Provisions for liabilities 0 (8,000)
Total net assets (liabilities) (123,682) (73,210)
Capital and reserves
Called up share capital 1 1
Profit and loss account (123,683) (73,211)
Shareholders' funds (123,682) (73,210)
  • For the year ending 30 June 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 16 March 2017

And signed on their behalf by:
Mr N. Primett, Director

MODERN CASUALS LTD Registered Number 08689706

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings - 20% Reducing Balance basis
Equipment - 20% Reducing Balance basis

2Tangible fixed assets
£
Cost
At 1 July 2015 51,856
Additions 3,459
Disposals (29,000)
Revaluations -
Transfers -
At 30 June 2016 26,315
Depreciation
At 1 July 2015 13,660
Charge for the year 9,776
On disposals (10,000)
At 30 June 2016 13,436
Net book values
At 30 June 2016 12,879
At 30 June 2015 38,196