Abbreviated Company Accounts - D. MCMULLEN LTD

04888528 D. MCMULLEN LTD 2015-10-31 false 2014-11-01 2015-10-31 true 04888528 2014-11-01 2015-10-31 04888528 2015-10-31 04888528 2014-10-31 04888528 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 04888528 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 04888528

D. MCMULLEN LTD

Abbreviated Accounts

31 October 2015

D. MCMULLEN LTD Registered Number 04888528

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	10,231	12,037
		10,231	12,037
Current assets
Stocks		50,000	45,000
Debtors		189,569	166,631
Cash at bank and in hand		114,662	82,774
		354,231	294,405
Creditors: amounts falling due within one year		(301,656)	(186,267)
Net current assets (liabilities)		52,575	108,138
Total assets less current liabilities		62,806	120,175
Provisions for liabilities		(1,323)	(1,534)
Total net assets (liabilities)		61,483	118,641
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		61,383	118,541
Shareholders' funds		61,483	118,641

For the year ending 31 October 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 23 March 2016

And signed on their behalf by:
Mr D McMullen, Director

D. MCMULLEN LTD Registered Number 04888528

Notes to the Abbreviated Accounts for the period ended 31 October 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 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.

Tangible assets depreciation policy
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 balance basis
Motor Vehicles 15% Reducing balance basis

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

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
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 operation 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.

2Tangible fixed assets

	£
Cost
At 1 November 2014	45,825
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	45,825
Depreciation
At 1 November 2014	33,788
Charge for the year	1,806
On disposals	-
At 31 October 2015	35,594
Net book values
At 31 October 2015	10,231
At 31 October 2014	12,037

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100