M R W Engineering Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04252774 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 August 2014

for

M R W Engineering Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M R Wilmott

Mrs V L Wilmott

R J Wilmott

SECRETARY:

Mrs V L Wilmott

REGISTERED OFFICE:

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

REGISTERED NUMBER:

04252774 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

65 St Mary Street

Chippenham

Wiltshire

SN15 3JF

FIXED ASSETS

Tangible assets

2

13,598

14,149

CURRENT ASSETS

Stocks

1,580

1,540

Debtors

52,430

33,926

Cash at bank and in hand

61,296

78,996

115,306

114,462

CREDITORS

Amounts falling due within one year

45,939

46,450

NET CURRENT ASSETS

69,367

68,012

TOTAL ASSETS LESS CURRENT LIABILITIES

82,965

82,161

PROVISIONS FOR LIABILITIES

2,719

2,929

NET ASSETS

80,246

79,232

CAPITAL AND RESERVES

Called up share capital

3

105

100

Profit and loss account

80,141

79,132

SHAREHOLDERS' FUNDS

80,246

79,232

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 19 May 2015 and were signed on its behalf by:

M R Wilmott - Director

Mrs V L Wilmott - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

43,752

Additions

2,690

Disposals

(4,377

)

At 31 August 2014

42,065

DEPRECIATION

At 1 September 2013

29,603

Charge for year

3,241

Eliminated on disposal

(4,377

)

At 31 August 2014

28,467

NET BOOK VALUE

At 31 August 2014

13,598

At 31 August 2013

14,149

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

NIL

Ordinary

£1

-

100

(31.8.13 - 100 )

100

Ordinary A

£1

100

-

5

Ordinary B

£1

5

-

105

100

The following shares were issued during the year for cash at par :

5 Ordinary B shares of £1