Midlands Secretarial Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02752937 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2014

for

Midlands Secretarial Management Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N J Allsopp

REGISTERED OFFICE:

The Saturn Centre

Spring Road

Ettingshall

Wolverhampton

WV4 6JX

REGISTERED NUMBER:

02752937 (England and Wales)

ACCOUNTANTS:

Roger Clarke Limited

38 Greenhill Lane

Wheaton Aston

Stafford

ST19 9PL

FIXED ASSETS

Tangible assets

2

3,491

3,771

CURRENT ASSETS

Stocks

825

1,350

Debtors

12,172

12,196

Cash at bank

-

1,812

12,997

15,358

CREDITORS

Amounts falling due within one year

3

8,155

10,779

NET CURRENT ASSETS

4,842

4,579

TOTAL ASSETS LESS CURRENT LIABILITIES

8,333

8,350

PROVISIONS FOR LIABILITIES

698

754

NET ASSETS

7,635

7,596

CAPITAL AND RESERVES

Called up share capital

4

1,000

1,000

Profit and loss account

6,635

6,596

SHAREHOLDERS' FUNDS

7,635

7,596

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 director acknowledges his 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 director on 30 May 2015 and were signed by:

N J Allsopp - 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.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 August 2013

7,851

Additions

335

At 31 July 2014

8,186

DEPRECIATION

At 1 August 2013

4,080

Charge for year

615

At 31 July 2014

4,695

NET BOOK VALUE

At 31 July 2014

3,491

At 31 July 2013

3,771

3.

CREDITORS

Creditors include an amount of £ 182 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.14

31.7.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000