MGS BAUDIENSTLEISTUNGSSERVICE LTD.

MGS BAUDIENSTLEISTUNGSSERVICE LTD

Berlin

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31112/2012

ABBREVIATED BALANCE SHEET AS AT 31/12/2012

Company No 7503835

For the year ending 31/12/2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476

The directors acknowledge their responsibilities for

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime

Approved by the Board on

NOTES TO THE ABBREVIATED ACCOUNTS

1 ACCOUNTING POLICIES

These accounts have been extracted from full financial statements

These statements have been prepared under the historical cost convention and in accordance with the German tax law and with the Financial Standard for Smaller Entities (FRSSE, effective Apnl 2008)

Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts

Cash flow

The company has taken advantage of the exemption from the requirement to prepare a cash flow statement under the Financial Reporting Standard for Smaller Entities

Currency

The business of the company and its total transactions are conducted exclusively in the currency of European EURO (EUR)

Therefore all all relevant information availabe as at 31/12/2012 had to be translated into British Pound applying the exchange rate circulated by the Bank of England regarding the accounting reference date

To the extent this report also includes accounts subject to reports filed with the Companies House of preceeding financial years this could lead to differences according to a change of exchange rates between the present and preceeding accounting reference dates Where such differences occur they are explicitly shown in the report

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives, as follows

2 FIXED ASSETS

3 SHARE CAPITAL

4 LOSS/ PROFITS PREVIOUS YEAR BROUGHT FORWARD