REGISTERED NUMBER: 08557286 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Mac Tools Manchester Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

W McKeever

SECRETARY:

REGISTERED OFFICE:

Office 12

The Bentalls Centre,

Colchester Rd, Heybridge

Maldon

Essex

CM9 4GD

REGISTERED NUMBER:

08557286 (England and Wales)

ACCOUNTANTS:

Accounting Plus UK Ltd

Office 12

The Bentalls Centre

Colchester Road, Heybridge

Maldon

Essex

CM9 4GD

FIXED ASSETS

Intangible assets

2

18,000

24,000

Tangible assets

3

12,991

19,159

30,991

43,159

CURRENT ASSETS

Stocks

27,453

17,217

Debtors

82,286

59,726

Cash at bank and in hand

7,710

3,620

117,449

80,563

CREDITORS

Amounts falling due within one year

56,342

110,345

NET CURRENT ASSETS/(LIABILITIES)

61,107

(29,782

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,098

13,377

CREDITORS

Amounts falling due after more than one year

4

75,827

13,172

NET ASSETS

16,271

205

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

16,171

105

SHAREHOLDERS' FUNDS

16,271

205

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 16 February 2016 and were signed by:

W McKeever - 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

30,000

AMORTISATION

At 1 June 2014

6,000

Amortisation for year

6,000

At 31 May 2015

12,000

NET BOOK VALUE

At 31 May 2015

18,000

At 31 May 2014

24,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

26,107

Additions

1,166

At 31 May 2015

27,273

DEPRECIATION

At 1 June 2014

6,948

Charge for year

7,334

At 31 May 2015

14,282

NET BOOK VALUE

At 31 May 2015

12,991

At 31 May 2014

19,159

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.5.15

31.5.14

£

£

Repayable by instalments

(917

)

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Director loan to the company 2015 £74,409 2014 £74,409

Directors salary 2015 £7,956 2014 £1326

Dividends 2015 £22,994