MJG JOINERY LIMITED Accounts filed on 31-05-2014
MJG JOINERY LIMITED Accounts filed on 31-05-2014
MJG JOINERY LIMITED
Company Registration Number:
06897717 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st June 2013
End date: 31st May 2014
SUBMITTED
MJG JOINERY LIMITED
Company Information
for the Period Ended
31st May 2014
Director: |
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Company secretary: |
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Registered office: |
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Company Registration Number: |
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MJG JOINERY LIMITED
Abbreviated Balance sheet
As at 31st May 2014
Notes | 2014 £ |
2013 £ |
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Fixed assets | |||
Tangible assets: | 6 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 7 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors | |||
Creditors: amounts falling due within one year | 8 |
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Net current assets (liabilities): | ( |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 9 |
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Provision for liabilities: | - | 286 | |
Total net assets (liabilities): |
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The notes form part of these financial statements
MJG JOINERY LIMITED
Abbreviated Balance sheet
As at 31st May 2014
continued
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2013 £ |
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Capital and reserves | |||
Called up share capital: | 10 |
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Profit and Loss account: |
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Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: M J Greenhalgh
Status: Director
The notes form part of these financial statements
MJG JOINERY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the director's report and which is continuing. Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Plant and Machinery - 15% per annum of net book value Fixtures and Fittings - 10 % per annum of net book value Motor Vehicles - 25% per annum of net book value Other accounting policies
Cashflow statement The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company. Debtors The Director has decided that no provision is required for bad or doubtful debts. Deferred taxation Provision is made for taxation deferred as a result of material timing differences between the incidence of income and expenditure for taxation purposes, using the liability method, only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the near future.
MJG JOINERY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2014
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6. Tangible assets
Total Cost £ At 01st June 2013: 5,026 Additions: 15,122 Disposals: 1,855 At 31st May 2014: 18,293 Depreciation At 01st June 2013: 2,660 Charge for year: 2,536 On disposals: 1,269 At 31st May 2014: 3,927 Net book value At 31st May 2014: 14,366 At 31st May 2013: 2,366
MJG JOINERY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2014
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7. Debtors
2014
£2013
£Trade debtors: 2,611 - Other debtors: 3,375 7,509 Total: 5,986 7,509
MJG JOINERY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2014
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8. Creditors: amounts falling due within one year
2014
£2013
£Bank loans and overdrafts: 2,950 4,840 Trade creditors: 17,131 1,681 Taxation and social security: - 4,082 Other creditors: 1,065 7,634 Total: 21,146 18,237
MJG JOINERY LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2014
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9. Creditors: amounts falling due after more than one year
2014
£2013
£Bank loans and overdrafts: 6,736 - Total: 6,736 -