Abbreviated Company Accounts - MACHIN MOTORCYCLES LIMITED

MACHIN MOTORCYCLES LIMITED - Company Information

SC306156 MACHIN MOTORCYCLES LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true SC306156 2013-08-01 2014-07-31 SC306156 2014-07-31 SC306156 2013-07-31 SC306156 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 SC306156 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number SC306156

MACHIN MOTORCYCLES LIMITED

Abbreviated Accounts

31 July 2014

MACHIN MOTORCYCLES LIMITED Registered Number SC306156

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	20,479	26,338
		20,479	26,338
Current assets
Stocks		276,159	259,962
Debtors		6,284	13,381
Cash at bank and in hand		302	884
		282,745	274,227
Creditors: amounts falling due within one year		(314,619)	(294,247)
Net current assets (liabilities)		(31,874)	(20,020)
Total assets less current liabilities		(11,395)	6,318
Total net assets (liabilities)		(11,395)	6,318
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(11,495)	6,218
Shareholders' funds		(11,395)	6,318

For the year ending 31 July 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 16 April 2015

And signed on their behalf by:
MR J H MACHIN, Director

MACHIN MOTORCYCLES LIMITED Registered Number SC306156

Notes to the Abbreviated Accounts for the period ended 31 July 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - 15% reducing balance

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items

2Tangible fixed assets

	£
Cost
At 1 August 2013	43,468
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	43,468
Depreciation
At 1 August 2013	17,130
Charge for the year	5,859
On disposals	-
At 31 July 2014	22,989
Net book values
At 31 July 2014	20,479
At 31 July 2013	26,338

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100