Merchant Cleaners Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01810734 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2014

FOR

MERCHANT CLEANERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

W A Bowles

Mrs G A Bowles

SECRETARY:

Mrs G A Bowles

REGISTERED OFFICE:

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

REGISTERED NUMBER:

01810734 (England and Wales)

ACCOUNTANTS:

KNIGHT WHEELER LIMITED

Chartered Accountants

54 Sun Street

Waltham Abbey

Essex

EN9 1EJ

FIXED ASSETS

Tangible assets

2

16,135

20,921

CURRENT ASSETS

Stocks

3,084

3,260

Debtors

21,037

26,362

Cash at bank

11,881

2,173

36,002

31,795

CREDITORS

Amounts falling due within one year

(39,332

)

(38,540

)

NET CURRENT LIABILITIES

(3,330

)

(6,745

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,805

14,176

PROVISIONS FOR LIABILITIES

(3,227

)

(4,184

)

NET ASSETS

9,578

9,992

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

9,478

9,892

SHAREHOLDERS' FUNDS

9,578

9,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 24 July 2014 and were signed on its behalf by:

W A Bowles - Director

Mrs G A Bowles - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

33% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

20% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

53,537

Additions

666

At 30 April 2014

54,203

DEPRECIATION

At 1 May 2013

32,616

Charge for year

5,452

At 30 April 2014

38,068

NET BOOK VALUE

At 30 April 2014

16,135

At 30 April 2013

20,921

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2013 - £16,000) were paid to the directors .