M & M Building and Decorating Ltd - Abbreviated accounts 16.1

M & M Building and Decorating Ltd - Abbreviated accounts 16.1

M & M BUILDING AND DECORATING LTD - Company Information

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REGISTERED NUMBER: 09331171 (England and Wales)















Abbreviated Accounts

for the Period 27 November 2014 to 30 November 2015

for

M & M Building and Decorating Ltd

M & M Building and Decorating Ltd (Registered number: 09331171)

Contents of the Abbreviated Accounts
for the Period 27 November 2014 to 30 November 2015










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

M & M Building and Decorating Ltd (Registered number: 09331171)

Abbreviated Balance Sheet
30 November 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 4,000
Tangible assets 3 275
4,275

CURRENT ASSETS
Debtors 14,974

CREDITORS
Amounts falling due within one year 6,825
NET CURRENT ASSETS 8,149
TOTAL ASSETS LESS CURRENT
LIABILITIES
12,424

CREDITORS
Amounts falling due after more than one
year
(12,220
)

PROVISIONS FOR LIABILITIES (55 )
NET ASSETS 149

CAPITAL AND RESERVES
Called up share capital 4 1
Profit and loss account 148
SHAREHOLDERS' FUNDS 149

The notes form part of these abbreviated accounts

Page 1
M & M Building and Decorating Ltd (Registered number: 09331171)

Abbreviated Balance Sheet - continued
30 November 2015


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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 26 August 2016 and were signed by:





Mr M Warwick - Director


The notes form part of these abbreviated accounts

Page 2
M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Abbreviated Accounts
for the Period 27 November 2014 to 30 November 2015


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 January 2015).

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 2014, is being amortised evenly over its estimated useful life of five 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% - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 5,000
At 30 November 2015 5,000
AMORTISATION
Amortisation for period 1,000
At 30 November 2015 1,000
NET BOOK VALUE

At 30 November 2015 4,000

Page 3
M & M Building and Decorating Ltd (Registered number: 09331171)

Notes to the Abbreviated Accounts - continued
for the Period 27 November 2014 to 30 November 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 550
At 30 November 2015 550
DEPRECIATION
Charge for period 275
At 30 November 2015 275
NET BOOK VALUE
At 30 November 2015 275

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary £1.00 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 November 2015:

£   
Mr M Warwick
Balance outstanding at start of period -
Amounts advanced 24,292
Amounts repaid (11,936 )
Balance outstanding at end of period 12,356

The above amount owed to the company by the director is disclosed within debtors in the balance sheet.

The advances made to the director in the year had no fixed repayment terms and were repayable on demand.
Interest was charged on advances greater than £10,000 at HM Revenue and Custom's official rate of interest for
relevant periods.

Page 4