Company Registration No. 04134909 (England and Wales)
Majestic Interactive Ltd
Abbreviated unaudited accounts
for the year ended 30 April 2015
Majestic Interactive Ltd
Abbreviated Balance Sheet
as at
30 April 2015
Tangible assets
130,268
89,835
Creditors: amounts falling due within one year
(87,002)
(80,495)
Net current liabilities
(62,921)
(60,392)
Total assets less current liabilities
67,347
29,443
Creditors: amounts falling due after more than one year
(50,941)
(24,093)
Called up share capital
326,360
326,360
Profit and loss account
(309,954)
(321,010)
Total shareholders' funds
16,406
5,350
For the year ending 30 April 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
Approved by the board on 28 January 2016
Mr J M Balmforth
Director
Company Registration No. 04134909
Majestic Interactive Ltd
Notes to the Abbreviated Accounts
for the year ended 30 April 2015
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% of cost
Computer equipment
20% of cost
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2
Intangible fixed assets
Goodwill
3
Tangible fixed assets
Plant & machinery
Computer equipment
Total
At 1 May 2014
291,628
85,000
376,628
Additions
2,025
60,000
62,025
At 30 April 2015
293,653
145,000
438,653
At 1 May 2014
285,376
1,417
286,793
Charge for the year
3,592
18,000
21,592
At 30 April 2015
288,968
19,417
308,385
At 30 April 2015
4,685
125,583
130,268
At 30 April 2014
6,252
83,583
89,835
Majestic Interactive Ltd
Notes to the Abbreviated Accounts
for the year ended 30 April 2015
4
Share capital
2015
2014
Allotted, called up and fully paid:
326,360 Ordinary shares of £1 each
326,360
326,360