Company Registration No. 04539729 (England and Wales)
MKV DESIGN LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
MKV DESIGN LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MKV DESIGN LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
131,092
143,485
Current assets
Stocks
27,500
Debtors
215,420
361,629
Cash at bank and in hand
634,986
327,344
850,406
716,473
Creditors: amounts falling due within one year
(116,972)
(143,951)
Net current assets
733,434
572,522
Total assets less current liabilities
864,526
716,007
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
863,526
715,007
Shareholders' funds
864,526
716,007
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 3 March 2016
M Katsarou
Director
Company Registration No. 04539729
MKV DESIGN LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
over the period of the lease
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 January 2015 & at 31 December 2015
30,000
298,947
328,947
Depreciation
At 1 January 2015
30,000
155,462
185,462
Charge for the year
12,393
12,393
At 31 December 2015
30,000
167,855
197,855
Net book value
At 31 December 2015
131,092
131,092
At 31 December 2014
143,485
143,485
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary Shares of £1 each
1,000
1,000