M&J Davidson Limited t/a Prokill - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06010460 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2015

FOR

M&J DAVIDSON LIMITED

TRADING AS

PROKILL

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Mark Davidson

SECRETARY:

Mrs Jennifer Davidson

REGISTERED OFFICE:

Office D Candy Park

Old Hall Road

Bromborough

Wirral

CH62 3PE

REGISTERED NUMBER:

06010460 (England and Wales)

ACCOUNTANTS:

Woods Squared Limited

Chartered Certified Accountants

49 Hamilton Square

Birkenhead

Wirral

CH41 5AR

FIXED ASSETS

Intangible assets

2

-

4,000

Tangible assets

3

4,078

4,118

4,078

8,118

CURRENT ASSETS

Stocks

15,087

12,128

Debtors

35,575

41,431

Cash in hand

-

500

50,662

54,059

CREDITORS

Amounts falling due within one year

52,613

64,829

NET CURRENT LIABILITIES

(1,951

)

(10,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,127

(2,652

)

CREDITORS

Amounts falling due after more than one year

-

(1,586

)

PROVISIONS FOR LIABILITIES

(169

)

-

NET ASSETS/(LIABILITIES)

1,958

(4,238

)

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

958

(5,238

)

SHAREHOLDERS' FUNDS

1,958

(4,238

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 March 2015 and were signed by:

Mr Mark Davidson - 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

Franchise, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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

-

at variable rates on reducing balance

Fixtures and fittings

-

at variable rates on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to the profit and loss account in the period to

which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

34,000

AMORTISATION

At 1 February 2014

30,000

Amortisation for year

4,000

At 31 January 2015

34,000

NET BOOK VALUE

At 31 January 2015

-

At 31 January 2014

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

17,985

Additions

982

At 31 January 2015

18,967

DEPRECIATION

At 1 February 2014

13,867

Charge for year

1,022

At 31 January 2015

14,889

NET BOOK VALUE

At 31 January 2015

4,078

At 31 January 2014

4,118

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

1,000

Ordinary

£1

1,000

1,000

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

31 January 2015 and 31 January 2014:

31.1.15

31.1.14

£

£

Mr Mark Davidson

Balance outstanding at start of year

(13,074

)

-

Amounts advanced

20,543

-

Amounts repaid

(6,554

)

(13,074

)

Balance outstanding at end of year

915

(13,074

)