Mumford & Co. Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02021956 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015

FOR

MUMFORD & CO. LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S A N Milburn

SECRETARY:

Mrs E R Over

REGISTERED OFFICE:

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

REGISTERED NUMBER:

02021956 (England and Wales)

ACCOUNTANTS:

Mumford & Co Limited

Sandall House

230 High Street

Herne Bay

Kent

CT6 5AX

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

166

222

166

222

CURRENT ASSETS

Stocks

33,790

41,401

Debtors

43,813

38,022

Cash in hand

144

72

77,747

79,495

CREDITORS

Amounts falling due within one year

68,882

70,960

NET CURRENT ASSETS

8,865

8,535

TOTAL ASSETS LESS CURRENT LIABILITIES

9,031

8,757

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

8,931

8,657

SHAREHOLDERS' FUNDS

9,031

8,757

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 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 9 February 2016 and were signed by:

S A N Milburn - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being 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.

Plant and machinery etc

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

140,000

AMORTISATION

At 1 June 2014

and 31 May 2015

140,000

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

5,418

DEPRECIATION

At 1 June 2014

5,196

Charge for year

56

At 31 May 2015

5,252

NET BOOK VALUE

At 31 May 2015

166

At 31 May 2014

222

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

1

100

100

5.	ULTIMATE PARENT COMPANY

The company is controlled by Derfrim Ltd, which is controlled by Simon Milburn.