Registered Number 04986259

1ST MX LIMITED

Abbreviated Accounts

31 March 2015

1ST MX LIMITED Registered Number 04986259

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 75,771 29,696
75,771 29,696
Current assets
Stocks 343,277 194,156
Debtors 41,689 5,790
Cash at bank and in hand 64,523 260,768
449,489 460,714
Creditors: amounts falling due within one year (344,793) (309,838)
Net current assets (liabilities) 104,696 150,876
Total assets less current liabilities 180,467 180,572
Provisions for liabilities (3,686) (2,556)
Total net assets (liabilities) 176,781 178,016
Capital and reserves
Called up share capital 2 2
Profit and loss account 176,779 178,014
Shareholders' funds 176,781 178,016
  • For the year ending 31 March 2015 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 2015

And signed on their behalf by:
Andrew Martin Hutchinson, Director

1ST MX LIMITED Registered Number 04986259

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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:
Fixtures, Fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2014 64,306
Additions 65,161
Disposals -
Revaluations -
Transfers -
At 31 March 2015 129,467
Depreciation
At 1 April 2014 34,610
Charge for the year 19,086
On disposals -
At 31 March 2015 53,696
Net book values
At 31 March 2015 75,771
At 31 March 2014 29,696