Abbreviated Company Accounts - MACKIN ANIMAL FEEDS AND HARDWARE LTD

MACKIN ANIMAL FEEDS AND HARDWARE LTD - Company Information

Registered Number NI608429

MACKIN ANIMAL FEEDS AND HARDWARE LTD

Abbreviated Accounts

31 August 2014

MACKIN ANIMAL FEEDS AND HARDWARE LTD Registered Number NI608429

Abbreviated Balance Sheet as at 31 August 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	13,833	15,833
Tangible assets	3	140,275	88,649
		154,108	104,482
Current assets
Stocks		52,500	21,800
Debtors		167,146	218,246
Cash at bank and in hand		53,043	51,043
		272,689	291,089
Creditors: amounts falling due within one year		(374,726)	(314,973)
Net current assets (liabilities)		(102,037)	(23,884)
Total assets less current liabilities		52,071	80,598
Total net assets (liabilities)		52,071	80,598
Capital and reserves
Called up share capital		100	100
Profit and loss account		51,971	80,498
Shareholders' funds		52,071	80,598

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 31 May 2015

And signed on their behalf by:
Peter Mackin, Director

MACKIN ANIMAL FEEDS AND HARDWARE LTD Registered Number NI608429

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 invoice value of goods supplied by the company, exclusive of trade discounts and value added tax

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery - 20% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Intangible fixed assets

	£
Cost
At 1 September 2013	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2014	20,000
Amortisation
At 1 September 2013	4,167
Charge for the year	2,000
On disposals	-
At 31 August 2014	6,167
Net book values
At 31 August 2014	13,833
At 31 August 2013	15,833

3Tangible fixed assets

	£
Cost
At 1 September 2013	120,023
Additions	120,000
Disposals	(25,000)
Revaluations	-
Transfers	-
At 31 August 2014	215,023
Depreciation
At 1 September 2013	31,374
Charge for the year	43,374
On disposals	-
At 31 August 2014	74,748
Net book values
At 31 August 2014	140,275
At 31 August 2013	88,649