MAJOR TRADING CO. LTD | ||||
ABBREVIATED UNAUDITED ACCOUNTS | ||||
FOR THE YEAR ENDED 31 MARCH 2016 | ||||
INDEX TO THE ACCOUNTS | ||||
Pages | ||||
1 | Abbreviated Balance Sheet | |||
2-3 | Notes to the Abbreviated Accounts | |||
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Company registered number: |
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ABBREVIATED BALANCE SHEET | |||||
AT |
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Note | 2016 | 2015 | |||
£ | £ | £ | |||
FIXED ASSETS | |||||
Tangible Assets | 2 | 8,248 | 9,480 | ||
CURRENT ASSETS | |||||
Stock | 1c | 64,749 | 45,216 | ||
Debtors falling due within one year | 70,007 | 42,639 | |||
Cash at bank and in hand | 15,951 | 50,082 | |||
150,707 | 137,937 | ||||
CREDITORS: Amounts falling due within one year | 33,830 | 21,295 | |||
NET CURRENT ASSETS | 116,877 | 116,642 | |||
NET ASSETS | £125,125 | £126,122 | |||
CAPITAL AND RESERVES | |||||
Called up share capital | 3 | 1 | 1 | ||
Profit and loss account | 125,124 | 126,121 | |||
SHAREHOLDERS' FUNDS | £125,125 | £126,122 | |||
In approving these financial statements as directors of the company we hereby confirm the following: | ||||
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Directors' responsibilities: | ||||
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These abbreviated accounts were approved by the board of directors on |
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The notes on pages 2 to 3 form part of these accounts | |
page 1 | |
NOTES TO THE ABBREVIATED ACCOUNTS | |||
FOR THE YEAR ENDED 31 MARCH 2016 |
1. | ACCOUNTING POLICIES |
1a. | Basis of accounting | |
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1b. | Tangible fixed assets | |||
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Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. | ||||
Plant and machinery |
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1c. | Stocks | ||
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1d. | Taxation | ||
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1e. | Pensions | ||
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1f. | Turnover | ||
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page 2 | |
MAJOR TRADING CO. LTD | |||
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED) | |||
FOR THE YEAR ENDED 31 MARCH 2016 |
2. | TANGIBLE FIXED ASSETS | 2016 | 2015 |
£ | £ | ||
Cost | |||
At 1 April 2015 |
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39,950 | |
Additions |
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At 31 March 2016 |
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Depreciation | |||
At 1 April 2015 |
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27,310 | |
For the year |
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At 31 March 2016 |
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Net Book Amounts | |||
At 31 March 2016 | £ |
£ |
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3. | SHARE CAPITAL | 2016 | 2015 |
£ | £ | ||
Allotted, issued and fully paid: | |||
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£ |
£ |
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4. | TRANSACTIONS WITH AND LOANS TO DIRECTORS | ||
Loans to directors | |||
Included in other debtors are loans to directors. They are unsecured, interest bearing and repayable on demand. | |||
2016 | 2015 | ||
£ | £ | ||
Directors current account | 1,439 | 12,337 | |
The Director is the ultimate controlling party. |
page 3 |