Malvern Boilers Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02600469 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Malvern Boilers Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Nicholas Anthony Perry

Sarah Joanne Perry

Julian Fred Done

REGISTERED OFFICE:

Spring Lane North

Malvern

Worcestershire

WR14 1BW

REGISTERED NUMBER:

02600469 (England and Wales)

ACCOUNTANTS:

LS Accountancy Services

162 Battenhall Road

Worcester

Worcestershire

WR5 2BT

FIXED ASSETS

Tangible assets

2

58,543

64,261

CURRENT ASSETS

Stocks

450,687

442,265

Debtors

715,599

647,678

Cash at bank and in hand

661,184

710,929

1,827,470

1,800,872

CREDITORS

Amounts falling due within one year

571,804

529,481

NET CURRENT ASSETS

1,255,666

1,271,391

TOTAL ASSETS LESS CURRENT LIABILITIES

1,314,209

1,335,652

PROVISIONS FOR LIABILITIES

5,148

5,343

NET ASSETS

1,309,061

1,330,309

CAPITAL AND RESERVES

Called up share capital

3

100

100

Capital redemption reserve

58

58

Profit and loss account

1,308,903

1,330,151

SHAREHOLDERS' FUNDS

1,309,061

1,330,309

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 3 March 2015 and were signed on its behalf by:

Nicholas Anthony Perry - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as

a small company.

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

-

25% on cost and 15% on reducing balance

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

455,810

Additions

4,614

At 31 December 2014

460,424

DEPRECIATION

At 1 January 2014

391,549

Charge for year

10,332

At 31 December 2014

401,881

NET BOOK VALUE

At 31 December 2014

58,543

At 31 December 2013

64,261

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

100

Ordinary

£1

100

100

4.	CAPITAL REDEMPTION RESERVE

On 1 May 2009 the company purchased 40 of it's own ordinary £1.00 shares from C.M. Perry Esq., a former

director of the company, representing 40% of the called up share capital.

On 29 April 2013 the company purchased 3 of it's own ordinary £1.00 shares from C.M. Perry Esq., a former

director of the company, representing 5% of the called up share capital.

On 29 April 2013 the company purchased 15 of it's own ordinary £1.00 shares from Mrs S K Perry, a former

director of the company, representing 25% of the called up share capital.