M.A. TAPLIN LIMITED Accounts filed on 28-02-2014
M.A. TAPLIN LIMITED Accounts filed on 28-02-2014
M.A. TAPLIN LIMITED
Company Registration Number:
04153683 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st March 2013
End date: 28th February 2014
SUBMITTED
M.A. TAPLIN LIMITED
Company Information
for the Period Ended
28th February 2014
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| Registered office: |
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M.A. TAPLIN LIMITED
Abbreviated Balance sheet
As at 28th February 2014
| Notes | 2014 £ |
2013 £ |
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| Fixed assets | |||
| Tangible assets: | 8 |
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| Total fixed assets: |
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| Current assets | |||
| Stocks: |
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| Debtors: | - |
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| Cash at bank and in hand: |
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| Total current assets: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 10 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 11 |
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| Provision for liabilities: | 12 |
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703 |
| Total net assets (liabilities): |
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The notes form part of these financial statements
M.A. TAPLIN LIMITED
Abbreviated Balance sheet
As at 28th February 2014
continued
| Notes | 2014 £ |
2013 £ |
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| Capital and reserves | |||
| Called up share capital: | 13 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: M Taplin
Status: Director
Name: L Taplin
Status: Director
The notes form part of these financial statements
M.A. TAPLIN LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2014
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1. Accounting policies
Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT. Tangible fixed assets depreciation policy
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Plant & Machinery - 25% on cost. Fittings - Motor Vehicles - 25% on cost Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Other accounting policies
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit & loss account on a straight line basis over the period of the lease. Research & Development Expenditure on research and development is written off in the year in which it occurred.
M.A. TAPLIN LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2014
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8. Tangible assets
Total Cost £ At 01st March 2013: 19,275 Additions: 23,120 Disposals: 13,770 At 28th February 2014: 28,625 Depreciation At 01st March 2013: 14,435 Charge for year: 6,173 On disposals: 10,502 At 28th February 2014: 10,106 Net book value At 28th February 2014: 18,519 At 28th February 2013: 4,840
M.A. TAPLIN LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2014
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10. Creditors: amounts falling due within one year
2014
£2013
£Amounts due under finance leases and hire purchase contracts: 3,984 - Trade creditors: 12,730 6,321 Taxation and social security: 10,489 17,920 Accruals and deferred income: 2,426 2,355 Other creditors: 2 12 Total: 29,631 26,608
M.A. TAPLIN LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
28th February 2014
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11. Creditors: amounts falling due after more than one year
2014
£2013
£Amounts due under finance leases and hire purchase contracts: 13,811 - Total: 13,811 0