Mister Steel Limited - Abbreviated accounts

MISTER STEEL LIMITED - Company Information

Registered number

02552312

Mister Steel Limited

Abbreviated Accounts

31 December 2014

Mister Steel Limited
Registered number:	02552312
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		176,990			221,136

Current assets
Stocks		24,804			20,533
Debtors		74,082			65,092
Cash at bank and in hand		151,134			203,398
		250,020			289,023

Creditors: amounts falling due within one year		(235,569)			(252,180)

Net current assets			14,451			36,843

Total assets less current liabilities			191,441			257,979

Creditors: amounts falling due after more than one year			(52,000)			(71,889)



Net assets			139,441			186,090

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			139,341			185,990

Shareholders' funds			139,441			186,090

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.


............................................			........................................
K J Stewart			S J Cozens
Director			Director
Approved by the board on 19 May 2015

Mister Steel Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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

	Plant and machinery			15% reducing basis
	Motor vehicles			25% reducing basis

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					444,691
	Additions					7,128
	At 31 December 2014					451,819

	Depreciation
	At 1 January 2014					223,555
	Charge for the year					51,274
	At 31 December 2014					274,829

	Net book value
	At 31 December 2014					176,990
	At 31 December 2013					221,136


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100