REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST MARCH 2016 |
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MGO LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31ST MARCH 2016 |
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FOR |
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MGO LIMITED |
MGO LIMITED (REGISTERED NUMBER: 05227014) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MGO LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MGO LIMITED (REGISTERED NUMBER: 05227014) |
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ABBREVIATED BALANCE SHEET |
31ST MARCH 2016 |
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31.3.16 | 31.3.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 | 690 | 1,360 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
MGO LIMITED (REGISTERED NUMBER: 05227014) |
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ABBREVIATED BALANCE SHEET - continued |
31ST MARCH 2016 |
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The financial statements were approved by the Board of Directors on
on its behalf by: |
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MGO LIMITED (REGISTERED NUMBER: 05227014) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The going concern basis has been adopted in the preparation of these financial statements. The |
company's turnover for the period was £109,107 (2015 - £129,774) and the company recorded a |
profit after taxation of £69,716 (2015 - £65,067). Net cash surplus totalled £3,371 as at 31st March |
2016 (2015 - £3,874). |
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The directors acknowledge that there is a level of uncertainty in the general economic environment |
that may impact on the demand for the services the company supplies however based on the |
assessment of the business believe they are well placed to manage these business risks. |
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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 January 2015). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Tangible fixed assets |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
at the balance sheet date. |
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Patents |
Costs of obtaining patents have been capitalised in the financial statements and amortised over 10 |
years. |
MGO LIMITED (REGISTERED NUMBER: 05227014) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2016 |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
and 31st March 2016 |
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AMORTISATION |
At 1st April 2015 |
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Amortisation for year |
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At 31st March 2016 |
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NET BOOK VALUE |
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At 31st March 2016 |
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At 31st March 2015 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st April 2015 |
and 31st March 2016 |
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DEPRECIATION |
At 1st April 2015 |
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Charge for year |
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At 31st March 2016 |
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NET BOOK VALUE |
At 31st March 2016 |
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At 31st March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
value: | £ | £ |
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Ordinary | £1 |
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