MJ & B Plastering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04468652 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

31 July 2014

for

MJ & B Plastering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

Mr M J Croke

Mrs B Croke

SECRETARY:

Mrs B Croke

REGISTERED OFFICE:

Suite 1 Unit 1

Meadowhall Riverside

Meadowhall Road

Sheffield

South Yorkshire

S9 1BW

REGISTERED NUMBER:

04468652 (England and Wales)

ACCOUNTANTS:

Turner Beaumont & Co Ltd

Chartered Accountants

Thorncliffe Mews

Thorncliffe Park Estate

Chapeltown

Sheffield

S35 2PH

BANKERS:

Yorkshire Bank

12 Lound Side

Chapeltown

Sheffield

South Yorkshire

S35 2UN

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

53,315

230,026

53,315

230,026

CURRENT ASSETS

Debtors

1,073,036

736,143

Cash at bank

71,551

116,884

1,144,587

853,027

CREDITORS

Amounts falling due within one year

4

526,205

436,929

NET CURRENT ASSETS

618,382

416,098

TOTAL ASSETS LESS CURRENT LIABILITIES

671,697

646,124

CREDITORS

Amounts falling due after more than one year

4

(20,893

)

(104,673

)

PROVISIONS FOR LIABILITIES

(5,964

)

(4,195

)

NET ASSETS

644,840

537,256

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

644,740

537,156

SHAREHOLDERS' FUNDS

644,840

537,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 27 April 2015 and were signed on its behalf by:

Mr M J Croke - 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

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost nil % on land

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

and 31 July 2014

275,000

AMORTISATION

At 1 August 2013

and 31 July 2014

275,000

NET BOOK VALUE

At 31 July 2014

-

At 31 July 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

294,756

Additions

21,785

Disposals

(206,100

)

At 31 July 2014

110,441

DEPRECIATION

At 1 August 2013

64,730

Charge for year

17,614

Eliminated on disposal

(25,218

)

At 31 July 2014

57,126

NET BOOK VALUE

At 31 July 2014

53,315

At 31 July 2013

230,026

4.

CREDITORS

Creditors include an amount of £ 0 (31.7.13 - £ 96,737 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

100

Ordinary

£1

100

100

6.	CONTROLLING INTEREST

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of MJ & B Plastering Limited for the year ended 31 July 2014 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of MJ & B Plastering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MJ & B Plastering Limited and state those matters that we have agreed to state to the Board of Directors of MJ & B Plastering Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that MJ & B Plastering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MJ & B Plastering Limited. You consider that MJ & B Plastering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MJ & B Plastering Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Turner Beaumont & Co Ltd

Chartered Accountants

Thorncliffe Mews

Thorncliffe Park Estate

Chapeltown

Sheffield

S35 2PH

28 April 2015