Boston Matthews Machinery Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01815679 (England and Wales)

BOSTON MATTHEWS MACHINERY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

C T Brookes

SECRETARY:

S J Brookes

REGISTERED OFFICE:

Navigation Road

Diglis

Worcester

Worcestershire

WR5 3DE

REGISTERED NUMBER:

01815679 (England and Wales)

ACCOUNTANTS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

188,413

213,855

Investments

4

100

29,152

188,513

243,007

CURRENT ASSETS

Debtors

159,849

186,895

Cash at bank

9,907

76

169,756

186,971

CREDITORS

Amounts falling due within one year

31,668

17,596

NET CURRENT ASSETS

138,088

169,375

TOTAL ASSETS LESS CURRENT LIABILITIES

326,601

412,382

CREDITORS

Amounts falling due after more than one year

4,641

9,542

NET ASSETS

321,960

402,840

CAPITAL AND RESERVES

Called up share capital

5

60,000

60,000

Capital redemption reserve

15,000

15,000

Profit and loss account

246,960

327,840

SHAREHOLDERS' FUNDS

321,960

402,840

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 June 2015 and were signed by:

C T Brookes - 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).

Preparation of consolidated financial statements

The financial statements contain information about Boston Matthews Machinery Limited as an

individual company and do not contain consolidated financial information as the parent of a group. The

company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, was

amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Long leasehold

-

2% on cost

Plant and machinery

-

20% on reducing balance

Office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

50% on reducing balance

Deferred tax

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

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

and 30 September 2014

25,000

AMORTISATION

At 1 October 2013

and 30 September 2014

25,000

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2013

1,238,910

Additions

863

At 30 September 2014

1,239,773

DEPRECIATION

At 1 October 2013

1,025,055

Charge for year

26,305

At 30 September 2014

1,051,360

NET BOOK VALUE

At 30 September 2014

188,413

At 30 September 2013

213,855

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 October 2013

29,152

Impairments

(29,052

)

At 30 September 2014

100

NET BOOK VALUE

At 30 September 2014

100

At 30 September 2013

29,152

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Boston Munchy Limited

Nature of business: manufacture of plastic extrusion machinery

%

Class of shares:

holding

Ordinary

100.00

30.9.14

30.9.13

£

£

Aggregate capital and reserves

128,627

63,960

Profit/(loss) for the year

64,667

(4,318

)

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.14

30.9.13

value:

£

£

60,000

Ordinary

£1

60,000

60,000