MBLC Trading Limited - Limited company - abbreviated

REGISTERED NUMBER: 07151969 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

MBLC TRADING LIMITED

TRADING AS

THE BOATHOUSE PUBLIC HOUSE

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr R A Weeks

Mrs L S Bullock

REGISTERED OFFICE:

12 Romney Place

Maidstone

Kent

ME15 6LE

REGISTERED NUMBER:

07151969 (England and Wales)

ACCOUNTANTS:

Mackenzies

Chartered Accountants

12 Romney Place

Maidstone

Kent

ME15 6LE

FIXED ASSETS

Intangible assets

2

34,740

40,530

Tangible assets

3

31,674

33,558

66,414

74,088

CURRENT ASSETS

Stocks

15,436

Debtors

344,564

133,714

Cash at bank and in hand

6,952

4,825

366,952

153,975

CREDITORS

Amounts falling due within one year

428,659

205,198

NET CURRENT LIABILITIES

(61,707

)

(51,223

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,707

22,865

CREDITORS

Amounts falling due after more than one
year

4,863

6,475

NET (LIABILITIES)/ASSETS

(156

)

16,390

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(256

)

16,290

SHAREHOLDERS' FUNDS

(156

)

16,390

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 3 March 2015 and were signed on its behalf by:

Mr R A Weeks - Director

Mrs L S Bullock - 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 2010, 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.

Leasehold prop. improvements

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

57,900

AMORTISATION

At 1 December 2013

17,370

Amortisation for year

5,790

At 30 November 2014

23,160

NET BOOK VALUE

At 30 November 2014

34,740

At 30 November 2013

40,530

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

68,765

Additions

7,550

At 30 November 2014

76,315

DEPRECIATION

At 1 December 2013

35,207

Charge for year

9,434

At 30 November 2014

44,641

NET BOOK VALUE

At 30 November 2014

31,674

At 30 November 2013

33,558

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

5.	ULTIMATE PARENT COMPANY

The ultimate parent company in the period under review was MBLB Holdings Limited.

MBLC Trading Limited - Limited company - abbreviated - 11.6

MBLC Trading Limited - Limited company - abbreviated - 11.6