Abbreviated Company Accounts - A & C MAGINN LIMITED

NI057968 A & C MAGINN LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true NI057968 2015-04-01 2016-03-31 NI057968 2016-03-31 NI057968 2015-03-31 NI057968 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 NI057968 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number NI057968

A & C MAGINN LIMITED

Abbreviated Accounts

31 March 2016

A & C MAGINN LIMITED Registered Number NI057968

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	250,000	250,000
Tangible assets	3	3,365	4,206
		253,365	254,206
Current assets
Stocks		25,676	26,033
Cash at bank and in hand		16,878	19,722
		42,554	45,755
Creditors: amounts falling due within one year		(143,506)	(140,779)
Net current assets (liabilities)		(100,952)	(95,024)
Total assets less current liabilities		152,413	159,182
Accruals and deferred income		(1,750)	(1,850)
Total net assets (liabilities)		150,663	157,332
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		150,661	157,330
Shareholders' funds		150,663	157,332

For the year ending 31 March 2016 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 12 August 2016

And signed on their behalf by:
A.Maginn, Director
C.Maginn, Director

A & C MAGINN LIMITED Registered Number NI057968

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 January 2015.

Turnover policy
Turnover represents total sales, excluding vat, in the course of the year.

Tangible assets depreciation policy
Plant & Machinery - 20% Reducing balance
Fixtures & Eqpt - 20% Reducing balance

2Intangible fixed assets

	£
Cost
At 1 April 2015	250,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	250,000
Amortisation
At 1 April 2015	-
Charge for the year	-
On disposals	-
At 31 March 2016	-
Net book values
At 31 March 2016	250,000
At 31 March 2015	250,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	39,516
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	39,516
Depreciation
At 1 April 2015	35,310
Charge for the year	841
On disposals	-
At 31 March 2016	36,151
Net book values
At 31 March 2016	3,365
At 31 March 2015	4,206

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2