MMM_RESOURCES_LIMITED - Accounts

MMM RESOURCES LIMITED - Company Information

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Company Registration No. SC413076 (Scotland)

MMM RESOURCES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

MMM RESOURCES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

MMM RESOURCES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

168,003

174,097

Current assets

Stocks

500

Debtors

27,809

21,242

Cash at bank and in hand

5,128

4,914

32,987

26,656

Creditors: amounts falling due within one year

(151,304)

(177,419)

Net current liabilities

(118,317)

(150,763)

Total assets less current liabilities

49,686

23,334

Provisions for liabilities

(15,917)

33,769

23,334

Capital and reserves

Called up share capital

100

Profit and loss account

33,669

23,234

Shareholders' funds

33,769

23,334

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 2 September 2015

T.W. Middlemass

W. Middlemass

Director

Company Registration No. SC413076

MMM RESOURCES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Biomass Boiler

Straight line over 20 years

1.5

Stock

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

Fixed assets

Tangible assets

Cost

At 1 May 2014

179,904

Additions

3,053

At 1 May 2014 & at 30 April 2015

182,957

Depreciation

At 1 May 2014

5,807

Charge for the year

9,147

At 1 May 2014 & at 30 April 2015

14,954

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100