Abbreviated Company Accounts - MURRAYFIELD CARPETS LIMITED

Abbreviated Company Accounts - MURRAYFIELD CARPETS LIMITED


Registered Number SC260552

MURRAYFIELD CARPETS LIMITED

Abbreviated Accounts

31 March 2015

MURRAYFIELD CARPETS LIMITED Registered Number SC260552

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 33,600 44,800
Tangible assets 3 13,492 10,715
47,092 55,515
Current assets
Stocks 10,772 10,772
Debtors 18,473 21,268
Cash at bank and in hand 3,290 3,290
32,535 35,330
Creditors: amounts falling due within one year (61,917) (81,429)
Net current assets (liabilities) (29,382) (46,099)
Total assets less current liabilities 17,710 9,416
Creditors: amounts falling due after more than one year (17,592) (9,310)
Total net assets (liabilities) 118 106
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 18 6
Shareholders' funds 118 106
  • For the year ending 31 March 2015 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 14 December 2015

And signed on their behalf by:
PAUL PENTLAND, Director

MURRAYFIELD CARPETS LIMITED Registered Number SC260552

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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

Tangible assets depreciation policy
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:
Computer equipment - 33.33% straight line
Fixtures, fittings and equipment - 20% straight line
Motor Vehicles - 25% straight line

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets
£
Cost
At 1 April 2014 112,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 112,000
Amortisation
At 1 April 2014 67,200
Charge for the year 11,200
On disposals -
At 31 March 2015 78,400
Net book values
At 31 March 2015 33,600
At 31 March 2014 44,800
3Tangible fixed assets
£
Cost
At 1 April 2014 57,865
Additions 17,990
Disposals (12,990)
Revaluations -
Transfers -
At 31 March 2015 62,865
Depreciation
At 1 April 2014 47,150
Charge for the year 7,094
On disposals (4,871)
At 31 March 2015 49,373
Net book values
At 31 March 2015 13,492
At 31 March 2014 10,715
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
100Ordinary shares of £1 each 100 100