M.P.W. Planning Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02709654 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

M.P.W. PLANNING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M P West

C J Francis

P G Long

SECRETARY:

C J Francis

REGISTERED OFFICE:

127 Metal Box Factory

30 Great Guilford Street

London

SE1 0HS

REGISTERED NUMBER:

02709654 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

FIXED ASSETS

Tangible assets

2

5,637

10,880

CURRENT ASSETS

Stocks

48,980

41,318

Debtors

30,489

69,463

Cash in hand

(144

)

(120

)

79,325

110,661

CREDITORS

Amounts falling due within one year

68,102

87,906

NET CURRENT ASSETS

11,223

22,755

TOTAL ASSETS LESS CURRENT LIABILITIES

16,860

33,635

CAPITAL AND RESERVES

Called up share capital

3

3

3

Profit and loss account

16,857

33,632

SHAREHOLDERS' FUNDS

16,860

33,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 February 2015 and were signed on its behalf by:

C J Francis - 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 the fair value of services provided during the year on client assignments.

Turnover is recognised as each job progresses and the right to consideration is earned. Turnover

excludes 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

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 June 2013

101,594

Additions

581

Disposals

(60,002

)

At 31 May 2014

42,173

DEPRECIATION

At 1 June 2013

90,714

Charge for year

1,409

Eliminated on disposal

(55,587

)

At 31 May 2014

36,536

NET BOOK VALUE

At 31 May 2014

5,637

At 31 May 2013

10,880

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

3

Ordinary

£1

3

3