Registered Number 04851263
MAX K LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
|
|
|
|
||
Current assets | |||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant & machinery - 25% reducing balance
Investment properties are included in the balance sheet at their original cost as, in the opinion of the director, this does not materially differ from the open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the accounts to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
£ | |
---|---|
Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 30 June 2015 |
|
Amortisation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2015 |
|
Net book values | |
At 30 June 2015 | 2,400 |
At 30 June 2014 | 3,600 |
£ | |
---|---|
Cost | |
At 1 July 2014 |
|
Additions |
|
Disposals |
( |
Revaluations |
|
Transfers |
|
At 30 June 2015 |
|
Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
|
At 30 June 2015 |
|
Net book values | |
At 30 June 2015 | 1,407,026 |
At 30 June 2014 | 1,651,057 |