Abbreviated Company Accounts - EGMG LTD

Abbreviated Company Accounts - EGMG LTD


Registered Number 09211794

EGMG LTD

Abbreviated Accounts

30 September 2016

EGMG LTD Registered Number 09211794

Abbreviated Balance Sheet as at 30 September 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 6,552 -
6,552 -
Current assets
Stocks 46,816 27,356
Debtors 32,519 32,188
Cash at bank and in hand 8,727 16,635
88,062 76,179
Creditors: amounts falling due within one year (82,209) (69,644)
Net current assets (liabilities) 5,853 6,535
Total assets less current liabilities 12,405 6,535
Accruals and deferred income (1,250) (960)
Total net assets (liabilities) 11,155 5,575
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 11,154 5,574
Shareholders' funds 11,155 5,575
  • For the year ending 30 September 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 2 March 2017

And signed on their behalf by:
M J Gerrard, Director

EGMG LTD Registered Number 09211794

Notes to the Abbreviated Accounts for the period ended 30 September 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 represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
F, F & E 25%

Valuation information and policy
Stock is valued at the lower of cost and net realisable value

2Tangible fixed assets
£
Cost
At 1 October 2015 0
Additions 7,280
Disposals -
Revaluations -
Transfers -
At 30 September 2016 7,280
Depreciation
At 1 October 2015 -
Charge for the year 728
On disposals -
At 30 September 2016 728
Net book values
At 30 September 2016 6,552
At 30 September 2015 0
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1Ordinary shares of £1 each 1 1