Registered Number 08078369

MN SARGESON LTD

Abbreviated Accounts

30 June 2014

MN SARGESON LTD Registered Number 08078369

Abbreviated Balance Sheet as at 30 June 2014

Notes 30/06/2014 30/04/2014
£ £
Fixed assets
Tangible assets 2 12,452 -
12,452 -
Current assets
Stocks 3,500 -
Debtors 404 141
Cash at bank and in hand 52 54
3,956 195
Creditors: amounts falling due within one year (54,061) (9,417)
Net current assets (liabilities) (50,105) (9,222)
Total assets less current liabilities (37,653) (9,222)
Total net assets (liabilities) (37,653) (9,222)
Capital and reserves
Called up share capital 1 1
Profit and loss account (37,654) (9,223)
Shareholders' funds (37,653) (9,222)
  • For the year ending 30 June 2014 the company was entitled to exemption 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.

Approved by the Board on 30 April 2015

And signed on their behalf by:
Melina Sargeson, Director

MN SARGESON LTD Registered Number 08078369

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises the invoiced value of goods and services supplied by the company net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost less valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant & machinery - 15% reducing balance

2 Tangible fixed assets
£
Cost
At 1 May 2014 -
Additions 14,649
Disposals -
Revaluations -
Transfers -
At 30 June 2014 14,649
Depreciation
At 1 May 2014 -
Charge for the year 2,197
On disposals -
At 30 June 2014 2,197
Net book values
At 30 June 2014 12,452
At 30 April 2014 -

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