Registered Number 04986259

1ST MX LIMITED

Abbreviated Accounts

31 March 2014

1ST MX LIMITED Registered Number 04986259

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 29,696 29,734
29,696 29,734
Current assets
Stocks 194,156 159,902
Debtors 5,790 8,538
Cash at bank and in hand 260,768 150,018
460,714 318,458
Creditors: amounts falling due within one year (309,838) (221,130)
Net current assets (liabilities) 150,876 97,328
Total assets less current liabilities 180,572 127,062
Provisions for liabilities (2,556) (1,688)
Total net assets (liabilities) 178,016 125,374
Capital and reserves
Called up share capital 2 2
Profit and loss account 178,014 125,372
Shareholders' funds 178,016 125,374
  • For the year ending 31 March 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 26 March 2015

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 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 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 2013 58,883
Additions 12,492
Disposals (7,069)
Revaluations -
Transfers -
At 31 March 2014 64,306
Depreciation
At 1 April 2013 29,149
Charge for the year 9,899
On disposals (4,438)
At 31 March 2014 34,610
Net book values
At 31 March 2014 29,696
At 31 March 2013 29,734