Registered Number 01797996

MAJESTIC ENGINEERING LIMITED

Abbreviated Accounts

31 July 2015

MAJESTIC ENGINEERING LIMITED Registered Number 01797996

Abbreviated Balance Sheet as at 31 July 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 9,823 13,097
9,823 13,097
Current assets
Stocks 15,370 17,000
Debtors 130,909 159,674
Cash at bank and in hand - 645
146,279 177,319
Creditors: amounts falling due within one year (98,665) (108,859)
Net current assets (liabilities) 47,614 68,460
Total assets less current liabilities 57,437 81,557
Creditors: amounts falling due after more than one year (1,670) (5,881)
Total net assets (liabilities) 55,767 75,676
Capital and reserves
Called up share capital 3 100 100
Other reserves (19,200) (9,600)
Profit and loss account 74,867 85,176
Shareholders' funds 55,767 75,676
  • For the year ending 31 July 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 30 October 2015

And signed on their behalf by:
K Ballinger, Director

MAJESTIC ENGINEERING LIMITED Registered Number 01797996

Notes to the Abbreviated Accounts for the period ended 31 July 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.

2Tangible fixed assets
£
Cost
At 1 August 2014 121,383
Additions -
Disposals -
Revaluations -
Transfers -
At 31 July 2015 121,383
Depreciation
At 1 August 2014 108,286
Charge for the year 3,274
On disposals -
At 31 July 2015 111,560
Net book values
At 31 July 2015 9,823
At 31 July 2014 13,097
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mr K Ballinger
Description of the transaction: Advances to Director
Balance at 1 August 2014: £ 1,953
Advances or credits made: -
Advances or credits repaid: £ 1,953
Balance at 31 July 2015: £ 0