Abbreviated Company Accounts - MKR MOTOR COMPANY LIMITED

MKR MOTOR COMPANY LIMITED - Company Information

06546919 MKR MOTOR COMPANY LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 06546919 2013-06-01 2014-05-31 06546919 2014-05-31 06546919 2013-05-31 06546919 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 06546919 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 06546919

MKR MOTOR COMPANY LIMITED

Abbreviated Accounts

31 May 2014

MKR MOTOR COMPANY LIMITED Registered Number 06546919

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	73,393	64,802
		73,393	64,802
Current assets
Stocks		118,547	150,725
Debtors		9,588	23,317
Cash at bank and in hand		2,487	485
		130,622	174,527
Creditors: amounts falling due within one year	3	(107,494)	(157,194)
Net current assets (liabilities)		23,128	17,333
Total assets less current liabilities		96,521	82,135
Creditors: amounts falling due after more than one year	3	(46,408)	(41,953)
Provisions for liabilities		(1,228)	(1,255)
Total net assets (liabilities)		48,885	38,927
Capital and reserves
Called up share capital	4	1,000	1,000
Profit and loss account		47,885	37,927
Shareholders' funds		48,885	38,927

For the year ending 31 May 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 31 March 2015

And signed on their behalf by:
Mr M Ryan, Director

MKR MOTOR COMPANY LIMITED Registered Number 06546919

Notes to the Abbreviated Accounts for the period ended 31 May 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.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Land and buildings - freehold 2% straight line
Fixtures fittings and equipment 33% straight line
Motor vehicles 25% straight line

2Tangible fixed assets

	£
Cost
At 1 June 2013	71,542
Additions	24,245
Disposals	(13,650)
Revaluations	-
Transfers	-
At 31 May 2014	82,137
Depreciation
At 1 June 2013	6,740
Charge for the year	6,310
On disposals	(4,306)
At 31 May 2014	8,744
Net book values
At 31 May 2014	73,393
At 31 May 2013	64,802

3Creditors

	2014 £	2013 £
Secured Debts	11,168	-

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

	2014 £	2013 £
1,000 Ordinary shares of £1 each	1,000	1,000