Registered Number 04986259

1ST MX LIMITED

Abbreviated Accounts

31 March 2013

1ST MX LIMITED Registered Number 04986259

Abbreviated Balance Sheet as at 31 March 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 29,734 19,368
29,734 19,368
Current assets
Stocks 159,902 161,899
Debtors 8,538 8,522
Cash at bank and in hand 150,018 116,842
318,458 287,263
Creditors: amounts falling due within one year (221,130) (246,924)
Net current assets (liabilities) 97,328 40,339
Total assets less current liabilities 127,062 59,707
Provisions for liabilities (1,688) (2,910)
Total net assets (liabilities) 125,374 56,797
Capital and reserves
Called up share capital 2 2
Profit and loss account 125,372 56,795
Shareholders' funds 125,374 56,797
  • For the year ending 31 March 2013 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 23 December 2013

And signed on their behalf by:
Andrew Hutchinson, Director

1ST MX LIMITED Registered Number 04986259

Notes to the Abbreviated Accounts for the period ended 31 March 2013

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows;

FF& E - 25% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2012 38,981
Additions 29,102
Disposals (9,200)
Revaluations -
Transfers -
At 31 March 2013 58,883
Depreciation
At 1 April 2012 19,613
Charge for the year 9,911
On disposals (375)
At 31 March 2013 29,149
Net book values
At 31 March 2013 29,734
At 31 March 2012 19,368