Abbreviated Company Accounts - MULTI-TOOL PRECISION LIMITED

Abbreviated Company Accounts - MULTI-TOOL PRECISION LIMITED

MULTI-TOOL PRECISION LIMITED - Company Information

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Registered Number 04798149

MULTI-TOOL PRECISION LIMITED

Abbreviated Accounts

31 July 2014

MULTI-TOOL PRECISION LIMITED Registered Number 04798149

Abbreviated Balance Sheet as at 31 July 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 6,493 5,544
6,493 5,544
Current assets
Stocks 475 425
Debtors 15,415 34,816
Cash at bank and in hand 10,072 5,046
25,962 40,287
Net current assets (liabilities) 25,962 40,287
Total assets less current liabilities 32,455 45,831
Creditors: amounts falling due after more than one year (21,057) (33,337)
Total net assets (liabilities) 11,398 12,494
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,298 12,394
Shareholders' funds 11,398 12,494
  • For the year ending 31 July 2014 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 23 March 2015

And signed on their behalf by:
R PYE, Director

MULTI-TOOL PRECISION LIMITED Registered Number 04798149

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
plant and machinery - 25% on net book value
Fixtures, fittings and equipment - 25% on net book value

2Tangible fixed assets
£
Cost
At 1 August 2013 49,094
Additions 3,114
Disposals -
Revaluations -
Transfers -
At 31 July 2014 52,208
Depreciation
At 1 August 2013 43,550
Charge for the year 2,165
On disposals -
At 31 July 2014 45,715
Net book values
At 31 July 2014 6,493
At 31 July 2013 5,544