Martin Industries Limited - Period Ending 2015-09-30
Martin Industries Limited - Period Ending 2015-09-30
Registration number:
trading as
for the
Year Ended
Martin Industries Limited
trading as Air Conditioning Centre
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Martin Industries Limited
trading as Air Conditioning Centre
for the Year Ended 30 September 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Martin Industries Limited for the year ended 30 September 2014 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Martin Industries Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Martin Industries Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Martin Industries Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Martin Industries Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Martin Industries Limited. You consider that Martin Industries 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 accounts of Martin Industries 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 accounts.
Rowlands Webster Limited
Tax Advisers & Accountants
Austin House
43 Poole Road
Westbourne
Bournemouth
Dorset
BH4 9DN
8 April 2015
Martin Industries Limited
trading as Air Conditioning Centre
(Registration number: 05436428)
Abbreviated Balance Sheet
at 30 September 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Martin Industries Limited
trading as Air Conditioning Centre
(Registration number: 05436428)
Abbreviated Balance Sheet
at 30 September 2014
Approved by the Board on
.........................................
Mr J S Martin
Director
3
Martin Industries Limited
trading as Air Conditioning Centre
Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014
Accounting policies |
Basis of preparation
Turnover
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 & machinery |
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Computer equipment |
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Stock
Deferred tax
Foreign currency
Martin Industries Limited
trading as Air Conditioning Centre
Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014
Hire purchase and leasing
Financial instruments
Pensions
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 October 2013 |
47,475 |
47,475 |
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Disposals |
(3,850) |
(3,850) |
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At 30 September 2014 |
43,625 |
43,625 |
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Depreciation |
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At 1 October 2013 |
33,014 |
33,014 |
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Charge for the year |
2,639 |
2,639 |
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Eliminated on disposals |
(3,692) |
(3,692) |
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At 30 September 2014 |
31,961 |
31,961 |
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Net book value |
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At 30 September 2014 |
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At 30 September 2013 |
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Martin Industries Limited
trading as Air Conditioning Centre
Notes to the Abbreviated Accounts
for the Year Ended 30 September 2014
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due within one year |
569,428 |
249,430 |
Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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