M Computer Technologies Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: SC175223 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2013

FOR

M COMPUTER TECHNOLOGIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I Mobarik

Miss A Mobarik

H Mobarik

REGISTERED OFFICE:

226 St Vincent Street

Glasgow

G2 5RQ

REGISTERED NUMBER:

SC175223 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

484

954

CURRENT ASSETS

Stocks

111,716

117,265

Debtors

15,270

6,535

126,986

123,800

CREDITORS

Amounts falling due within one year

3

319,743

347,499

NET CURRENT LIABILITIES

(192,757

)

(223,699

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(192,273

)

(222,745

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(192,373

)

(222,845

)

SHAREHOLDERS' FUNDS

(192,273

)

(222,745

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 July 2014 and were signed on its behalf by:

I Mobarik - Director

1.	ACCOUNTING POLICIES

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 April 2008).

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on a straight line basis

Fixtures and fittings

-

25% on a straight line basis

Computer equipment

-

33% on a straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2012

and 31 October 2013

45,552

DEPRECIATION

At 1 November 2012

44,598

Charge for year

470

At 31 October 2013

45,068

NET BOOK VALUE

At 31 October 2013

484

At 31 October 2012

954

3.

CREDITORS

Creditors include an amount of £ 105,361 (2012 - £ 141,418 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary shares

£1

100

100