Abbreviated Company Accounts - MAUDE & FOX LTD

07797082 MAUDE & FOX LTD 2013-10-31 false 2012-11-01 2013-10-31 true 07797082 2012-11-01 2013-10-31 07797082 2013-10-31 07797082 2012-10-31 07797082 uk-gaap-cd-bus:Director1 2012-11-01 2013-10-31 07797082 uk-gaap-cd-bus:Director2 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-01 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-10-31 iso4217:GBP shares

Registered Number 07797082

MAUDE & FOX LTD

Abbreviated Accounts

31 October 2013

MAUDE & FOX LTD Registered Number 07797082

Abbreviated Balance Sheet as at 31 October 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	9,140	2,611
		9,140	2,611
Current assets
Stocks		39,957	36,322
Debtors		205	1,200
Cash at bank and in hand		1,515	1,926
		41,677	39,448
Creditors: amounts falling due within one year	3	(18,787)	(14,458)
Net current assets (liabilities)		22,890	24,990
Total assets less current liabilities		32,030	27,601
Creditors: amounts falling due after more than one year	3	(82,172)	(53,529)
Total net assets (liabilities)		(50,142)	(25,928)
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		(51,142)	(26,928)
Shareholders' funds		(50,142)	(25,928)

For the year ending 31 October 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 15 July 2014

And signed on their behalf by:
Michael Longmore, Director

MAUDE & FOX LTD Registered Number 07797082

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Going concern

The company made a loss after tax of £24,214 (2012:£26,928). It had a deficiency of assets at the balance sheet date of £50,142 (2012:£25,928) and is dependent upon the continued support of its director.

The director has continued his assurance that he will provide sufficient further finance as may prove necessary to meet the company's working capital requirements for the foreseeable future.

Stocks

Stock and work in progress is valued at the lower of cost and estimated net realisable value.

Cost of raw materials is determined on the first in first out basis. In the case of work in progress and finished goods, cost includes all direct expenditure and production overheads based on the normal level of activity. Net realisable value is the price at which the stock can be released in the normal course of business, less further costs to completion of sale.

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

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Leasehold improvements 5 years straight line
Equipment, fixtures and fittings 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2012	3,481
Additions	8,978
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2013	12,459
Depreciation
At 1 November 2012	870
Charge for the year	2,449
On disposals	-
At 31 October 2013	3,319
Net book values
At 31 October 2013	9,140
At 31 October 2012	2,611

3Creditors

	2013 £	2012 £
Secured Debts	82,172	53,529

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
1,000 Ordinary shares of £1 each	1,000	1,000