Abbreviated Company Accounts - MAYMASK (170) LIMITED

Abbreviated Company Accounts - MAYMASK (170) LIMITED

MAYMASK (170) LIMITED - Company Information

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Registered Number 07303314

MAYMASK (170) LIMITED

Abbreviated Accounts

31 May 2016

MAYMASK (170) LIMITED Registered Number 07303314

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 123,200 126,000
123,200 126,000
Current assets
Debtors 3 197,086 184,447
197,086 184,447
Creditors: amounts falling due within one year 4 (134,631) (132,859)
Net current assets (liabilities) 62,455 51,588
Total assets less current liabilities 185,655 177,588
Creditors: amounts falling due after more than one year 4 (138,255) (132,300)
Total net assets (liabilities) 47,400 45,288
Capital and reserves
Called up share capital 1 1
Profit and loss account 47,399 45,287
Shareholders' funds 47,400 45,288
  • For the year ending 31 May 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 5 July 2017

And signed on their behalf by:
Jaswant Gill, Director

MAYMASK (170) LIMITED Registered Number 07303314

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The following accounting policies have been prepared in accordance with applicable
accounting standards.

(a) Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective October 2005).

(b) Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

(c) Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 2% on cost

2Tangible fixed assets
£
Cost
At 1 June 2015 140,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2016 140,000
Depreciation
At 1 June 2015 14,000
Charge for the year 2,800
On disposals -
At 31 May 2016 16,800
Net book values
At 31 May 2016 123,200
At 31 May 2015 126,000
3Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year 197,086 184,446
4Creditors
2016
£		 2015
£
Secured Debts 138,255 132,300