Abbreviated Company Accounts - MATTHEW WALTON LIMITED

MATTHEW WALTON LIMITED - Company Information

Registered Number 08157039

MATTHEW WALTON LIMITED

Abbreviated Accounts

31 July 2014

MATTHEW WALTON LIMITED Registered Number 08157039

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,314	2,928
		2,314	2,928
Current assets
Debtors		25,190	7,585
Cash at bank and in hand		68,644	72,659
		93,834	80,244
Creditors: amounts falling due within one year		(24,584)	(28,961)
Net current assets (liabilities)		69,250	51,283
Total assets less current liabilities		71,564	54,211
Provisions for liabilities		(463)	(586)
Total net assets (liabilities)		71,101	53,625
Capital and reserves
Called up share capital		20	20
Profit and loss account		71,081	53,605
Shareholders' funds		71,101	53,625

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 27 March 2015

And signed on their behalf by:
M.J.Walton, Director

MATTHEW WALTON LIMITED Registered Number 08157039

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.)

Turnover policy
Turnover represents the amount earned, exclusive of Value Added Tax, in respect of the activities detailed in the Directors' Report, all of which are continuing.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation.
Depreciation has been provided at the following annual rate in order to write off each fixed asset over it's estimated useful life:-
Equipment - 25% Reducing Balance Basis

2Tangible fixed assets

	£
Cost
At 1 August 2013	3,904
Additions	157
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	4,061
Depreciation
At 1 August 2013	976
Charge for the year	771
On disposals	-
At 31 July 2014	1,747
Net book values
At 31 July 2014	2,314
At 31 July 2013	2,928