M & W (Brighton) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05042329

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

M & W (BRIGHTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B K Chotai

P K Chotai

SECRETARY:

P K Chotai

REGISTERED OFFICE:

30/34 North Street

Hailsham

East Sussex

BN27 1DW

REGISTERED NUMBER:

05042329

ACCOUNTANTS:

Watson Associates (Professional Services) Limited

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Intangible assets

2

-

74,091

Tangible assets

3

28,905

34,007

28,905

108,098

CURRENT ASSETS

Stocks

104,724

111,268

Debtors

258,668

483,972

Cash at bank and in hand

323,939

101,388

687,331

696,628

CREDITORS

Amounts falling due within one year

(360,800

)

(513,812

)

NET CURRENT ASSETS

326,531

182,816

TOTAL ASSETS LESS CURRENT
LIABILITIES

355,436

290,914

PROVISIONS FOR LIABILITIES

(4,318

)

(5,017

)

NET ASSETS

351,118

285,897

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

351,018

285,797

SHAREHOLDERS' FUNDS

351,118

285,897

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 29 September 2016 and were signed on its behalf
by:

P K Chotai - 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 January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

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 2006, 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.

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

740,937

AMORTISATION

At 1 January 2015

666,846

Amortisation for year

74,091

At 31 December 2015

740,937

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

74,091

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

and 31 December 2015

127,952

DEPRECIATION

At 1 January 2015

93,945

Charge for year

5,102

At 31 December 2015

99,047

NET BOOK VALUE

At 31 December 2015

28,905

At 31 December 2014

34,007

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100