Abbreviated Company Accounts - M.J. TWIGG JOINERY LIMITED

Abbreviated Company Accounts - M.J. TWIGG JOINERY LIMITED

M.J. TWIGG JOINERY LIMITED - Company Information

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Registered Number 01359246

M.J. TWIGG JOINERY LIMITED

Abbreviated Accounts

30 April 2014

M.J. TWIGG JOINERY LIMITED Registered Number 01359246

Abbreviated Balance Sheet as at 30 April 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 299,175 316,955
299,175 316,955
Current assets
Debtors - 2,079
Cash at bank and in hand 30,619 12,895
30,619 14,974
Creditors: amounts falling due within one year (62,344) (73,522)
Net current assets (liabilities) (31,725) (58,548)
Total assets less current liabilities 267,450 258,407
Total net assets (liabilities) 267,450 258,407
Capital and reserves
Called up share capital 800 800
Revaluation reserve 220,988 220,988
Profit and loss account 45,662 36,619
Shareholders' funds 267,450 258,407
  • For the year ending 30 April 2014 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 15 September 2014

And signed on their behalf by:
Mr M J Twigg, Director
Mrs G Twigg, Director

M.J. TWIGG JOINERY LIMITED Registered Number 01359246

Notes to the Abbreviated Accounts for the period ended 30 April 2014

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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life .
Freehold property - 2% on reducing balance
Plant and machinery - 15% on reducing balance

2Tangible fixed assets
£
Cost
At 1 May 2013 494,059
Additions 3,000
Disposals (148,833)
Revaluations -
Transfers -
At 30 April 2014 348,226
Depreciation
At 1 May 2013 177,104
Charge for the year 6,530
On disposals (134,583)
At 30 April 2014 49,051
Net book values
At 30 April 2014 299,175
At 30 April 2013 316,955