Company Registration No. 07102559 (England and Wales)
MB SCRIPTS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
MB SCRIPTS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MB SCRIPTS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1,296
1,512
Tangible assets
2
1,393
1,395
2,689
2,907
Current assets
Debtors
4,213
2,863
Cash at bank and in hand
26,301
24,799
30,514
27,662
Creditors: amounts falling due within one year
(32,945)
(30,036)
Net current liabilities
(2,431)
(2,374)
Total assets less current liabilities
258
533
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
158
433
Shareholders' funds
258
533
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 September 2016
Mrs Moira Buffini
Director
Company Registration No. 07102559
MB SCRIPTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015
2,160
3,563
5,723
Additions
-
463
463
At 31 December 2015
2,160
4,026
6,186
Depreciation
At 1 January 2015
648
2,168
2,816
Charge for the year
216
465
681
At 31 December 2015
864
2,633
3,497
Net book value
At 31 December 2015
1,296
1,393
2,689
At 31 December 2014
1,512
1,395
2,907
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
MB SCRIPTS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
4
Ultimate parent company
The company was under the control of Ms M Buffini, the managing director, by virtue of her
100% shareholding.