M C Materials Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05701980 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 July 2014

for

M C Materials Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr M T Cope

Mrs A D Cope

SECRETARY:

Mrs A D Cope

REGISTERED OFFICE:

Brockwood House

40 Church Street

Brixworth

Northampton

Northants

NN6 9BZ

REGISTERED NUMBER:

05701980 (England and Wales)

ACCOUNTANTS:

Cottons Accountants LLP

Regency House

3 Albion Place

Northampton

Northants

NN1 1UD

FIXED ASSETS

Tangible assets

2

6,240

5,904

CURRENT ASSETS

Debtors

23,575

44,541

Cash at bank

37,400

66,787

60,975

111,328

CREDITORS

Amounts falling due within one year

65,879

46,743

NET CURRENT (LIABILITIES)/ASSETS

(4,904

)

64,585

TOTAL ASSETS LESS CURRENT LIABILITIES

1,336

70,489

PROVISIONS FOR LIABILITIES

1,014

895

NET ASSETS

322

69,594

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

222

69,494

SHAREHOLDERS' FUNDS

322

69,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 27 March 2015 and were signed on its behalf by:

Dr M T Cope - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

15% on reducing balance

Furniture & fixtures

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

18,598

Additions

1,805

At 31 July 2014

20,403

DEPRECIATION

At 1 August 2013

12,694

Charge for year

1,469

At 31 July 2014

14,163

NET BOOK VALUE

At 31 July 2014

6,240

At 31 July 2013

5,904

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/14

31/7/13

value:

£

£

100

Ordinary

£1

100

100