M.D. Formwork Limited - Limited company - abbreviated

REGISTERED NUMBER: 04279718 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 June 2014

for

M.D. Formwork Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M.A.J. Dawes

REGISTERED OFFICE:

14a Albany Road

Weymouth

Dorset

DT4 9TH

REGISTERED NUMBER:

04279718 (England and Wales)

ACCOUNTANTS:

Advoco

Chartered Certified Accountants

Chartered Tax Advisers

14a Albany Road

Weymouth

Dorset

DT4 9TH

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

2,542

16,946

2,542

16,946

CURRENT ASSETS

Stocks

-

30

Debtors

69,085

79,610

Cash at bank

1,074

6,939

70,159

86,579

CREDITORS

Amounts falling due within one year

440

4,604

NET CURRENT ASSETS

69,719

81,975

TOTAL ASSETS LESS CURRENT
LIABILITIES

72,261

98,921

PROVISIONS FOR LIABILITIES

508

670

NET ASSETS

71,753

98,251

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

71,653

98,151

SHAREHOLDERS' FUNDS

71,753

98,251

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 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 10 February 2015 and were signed by:

M.A.J. Dawes - 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 2001, 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.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

Freehold property

The Director has elected not to depreciate the freehold property.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

and 30 June 2014

5,000

AMORTISATION

At 1 July 2013

and 30 June 2014

5,000

NET BOOK VALUE

At 30 June 2014

-

At 30 June 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

30,059

Disposals

(13,598

)

At 30 June 2014

16,461

DEPRECIATION

At 1 July 2013

13,113

Charge for year

806

At 30 June 2014

13,919

NET BOOK VALUE

At 30 June 2014

2,542

At 30 June 2013

16,946

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

£1

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2014 and

30 June 2013:

2014

2013

£

M.A.J. Dawes

Balance outstanding at start of year

79,610

13,959

Amounts advanced

18,495

113,994

Amounts repaid

(29,020

)

(48,343

)

Balance outstanding at end of year

69,085

79,610

M.D. Formwork Limited - Limited company - abbreviated - 11.6

M.D. Formwork Limited - Limited company - abbreviated - 11.6