Marshwell Contracting Ltd - Period Ending 2015-02-28

Marshwell Contracting Ltd - Period Ending 2015-02-28


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Registration number: 07958680

Marshwell Contracting Ltd

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

Clever Accounts Limited
Carrwood Park
Selby Road
Leeds
West Yorkshire
LS15 4LG

 

Marshwell Contracting Ltd
Contents

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2 to 3

 

Marshwell Contracting Ltd
(Registration number: 07958680)
Abbreviated Balance Sheet at 28 February 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

1,168

   

2,507

 

Current assets

 

             

Stocks

 

   

9,000

   

9,000

 

Debtors

 

   

7,074

   

3,000

 
   

   

16,074

   

12,000

 

Creditors: Amounts falling due within one year

 

   

(14,682)

   

(13,385)

 

Net current assets/(liabilities)

 

   

1,392

   

(1,385)

 

Net assets

 

   

2,560

   

1,122

 

Capital and reserves

 

             

Called up share capital

 

3

   

2

   

2

 

Profit and loss account

 

   

2,558

   

1,120

 

Shareholders' funds

 

   

2,560

   

1,122

 

For the year ending 28 February 2015 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 April 2015 and signed on its behalf by:

dl.signhere.2
.........................................
Mr Steven Hyde
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

 

Marshwell Contracting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Fixtures and fittings

15% reducing balance

Office equipment

33% straight line

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Marshwell Contracting Ltd
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 March 2014

 

5,300

   

5,300

 

At 28 February 2015

 

5,300

   

5,300

 

Depreciation

           

At 1 March 2014

 

2,793

   

2,793

 

Charge for the year

 

1,339

   

1,339

 

At 28 February 2015

 

4,132

   

4,132

 

Net book value

           

At 28 February 2015

 

1,168

   

1,168

 

At 28 February 2014

 

2,507

   

2,507

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

2

   

2

   

2

   

2