Michael Sylvester Limited - Abbreviated accounts

Registered number

03410452

Michael Sylvester Limited

Abbreviated Accounts

31 December 2014

Michael Sylvester Limited
Registered number:		03410452
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		-			766

Current assets
Stocks		-			400
Debtors		-			3,535
Cash at bank and in hand		-			21,522
		-			25,457

Creditors: amounts falling due within one year		(4,523)			(31,109)

Net current liabilities			(4,523)			(5,652)

Net liabilities			(4,523)			(4,886)

Capital and reserves
Called up share capital	3		2			2
Profit and loss account			(4,525)			(4,888)

Shareholders' funds			(4,523)			(4,886)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr M L Sylvester
Director
Approved by the board on 8 April 2015

Michael Sylvester Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance

	Stocks
	#REF!


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					6,030
	Additions					1,352
	Disposals					(7,382)
	At 31 December 2014					-

	Depreciation
	At 1 January 2014					5,264
	Charge for the year					424
	On disposals					(5,688)
	At 31 December 2014					-

	Net book value
	At 31 December 2014					-
	At 31 December 2013					766


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2