Registered Number 04986259

1ST MX LIMITED

Abbreviated Accounts

31 March 2016

1ST MX LIMITED Registered Number 04986259

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 63,769 75,771
63,769 75,771
Current assets
Stocks 325,247 343,277
Debtors 35,871 41,689
Cash at bank and in hand 128,258 64,523
489,376 449,489
Creditors: amounts falling due within one year (361,791) (344,793)
Net current assets (liabilities) 127,585 104,696
Total assets less current liabilities 191,354 180,467
Provisions for liabilities (2,281) (3,686)
Total net assets (liabilities) 189,073 176,781
Capital and reserves
Called up share capital 2 2
Profit and loss account 189,071 176,779
Shareholders' funds 189,073 176,781
  • 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 22 December 2016

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 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 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:
Leasehold properties - straight line over the life of the lease
FF&E - 25% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 129,467
Additions 2,837
Disposals -
Revaluations -
Transfers -
At 31 March 2016 132,304
Depreciation
At 1 April 2015 53,696
Charge for the year 14,839
On disposals -
At 31 March 2016 68,535
Net book values
At 31 March 2016 63,769
At 31 March 2015 75,771