Abbreviated Company Accounts - M W CARPENTER WELDING LIMITED

Abbreviated Company Accounts - M W CARPENTER WELDING LIMITED

M W CARPENTER WELDING LIMITED - Company Information

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Registered Number 04750552

M W CARPENTER WELDING LIMITED

Abbreviated Accounts

31 August 2014

M W CARPENTER WELDING LIMITED Registered Number 04750552

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 27,217 30,960
27,217 30,960
Current assets
Stocks 29,500 41,500
Debtors 76,408 60,353
105,908 101,853
Creditors: amounts falling due within one year (143,882) (136,984)
Net current assets (liabilities) (37,974) (35,131)
Total assets less current liabilities (10,757) (4,171)
Provisions for liabilities (319) (1,480)
Total net assets (liabilities) (11,076) (5,651)
Capital and reserves
Called up share capital 1 1
Profit and loss account (11,077) (5,652)
Shareholders' funds (11,076) (5,651)
  • For the year ending 31 August 2014 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 26 May 2015

And signed on their behalf by:
Mr M Carpenter, Director

M W CARPENTER WELDING LIMITED Registered Number 04750552

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing Balance
Motor Vehicles 25% Reducing Balance
Tractors 25% Reducing Balance

Other accounting policies
Stocks and Work In Progress
Stocks and Work In Progress are valued at the lower of cost and net realisable value after making dueallowance for obsolete and slow moving stocks.

2Tangible fixed assets
£
Cost
At 1 September 2013 65,720
Additions 4,750
Disposals (8,765)
Revaluations -
Transfers -
At 31 August 2014 61,705
Depreciation
At 1 September 2013 34,760
Charge for the year 5,424
On disposals (5,696)
At 31 August 2014 34,488
Net book values
At 31 August 2014 27,217
At 31 August 2013 30,960