Abbreviated Company Accounts - MCT HEATING SERVICES LTD

Abbreviated Company Accounts - MCT HEATING SERVICES LTD


Registered Number 05966227

MCT HEATING SERVICES LTD

Abbreviated Accounts

31 October 2014

MCT HEATING SERVICES LTD Registered Number 05966227

Abbreviated Balance Sheet as at 31 October 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 14,513 1,922
14,513 1,922
Current assets
Stocks 3,300 3,000
Debtors 56,433 41,505
Cash at bank and in hand 41,632 33,375
101,365 77,880
Creditors: amounts falling due within one year 3 (45,480) (24,945)
Net current assets (liabilities) 55,885 52,935
Total assets less current liabilities 70,398 54,857
Creditors: amounts falling due after more than one year 3 (9,480) -
Provisions for liabilities (2,757) (1,091)
Total net assets (liabilities) 58,161 53,766
Capital and reserves
Called up share capital 4 350 350
Profit and loss account 57,811 53,416
Shareholders' funds 58,161 53,766
  • For the year ending 31 October 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 July 2015

And signed on their behalf by:
M C Timmins, Director

MCT HEATING SERVICES LTD Registered Number 05966227

Notes to the Abbreviated Accounts for the period ended 31 October 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 represents the total invoice value, excluding value added tax, of sales made during the year and dervies from the provisions of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance

Valuation information and policy
Stocks
Stocks are valued at the lower of cost and net realisable value.

Pensions
The pension costs chargesd in the financial statements represent the contribution payable by the company during the year.

2Tangible fixed assets
£
Cost
At 1 November 2013 6,444
Additions 17,300
Disposals -
Revaluations -
Transfers -
At 31 October 2014 23,744
Depreciation
At 1 November 2013 4,522
Charge for the year 4,709
On disposals -
At 31 October 2014 9,231
Net book values
At 31 October 2014 14,513
At 31 October 2013 1,922
3Creditors
2014
£
2013
£
Secured Debts 12,840 -
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
350 Ordinary shares of £1 each 350 350