M.i.w.fabrication (New Endeavour) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06496099 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

M.i.w.fabrication (New Endeavour) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M I Watson

Mrs P Watson

SECRETARY:

Mrs P Watson

REGISTERED OFFICE:

Unit 14E

Atley Way

North Nelson Industrial Estate

Cramlington

Northumberland

NE23 1WA

REGISTERED NUMBER:

06496099 (England and Wales)

ACCOUNTANTS:

Certax Accounting (Durham)

Unit 6

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

FIXED ASSETS

Tangible assets

2

24,007

17,651

CURRENT ASSETS

Stocks

9,000

9,000

Debtors

34,176

26,840

Cash at bank and in hand

14,390

6,284

57,566

42,124

CREDITORS

Amounts falling due within one year

34,768

32,004

NET CURRENT ASSETS

22,798

10,120

TOTAL ASSETS LESS CURRENT LIABILITIES

46,805

27,771

CREDITORS

Amounts falling due after more than one year

1,333

3,334

NET ASSETS

45,472

24,437

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

45,470

24,435

SHAREHOLDERS' FUNDS

45,472

24,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 17 June 2015 and were signed on its behalf by:

M I Watson - 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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 March 2014

33,588

Additions

10,896

Disposals

(1,000

)

At 28 February 2015

43,484

DEPRECIATION

At 1 March 2014

15,937

Charge for year

3,746

Eliminated on disposal

(206

)

At 28 February 2015

19,477

NET BOOK VALUE

At 28 February 2015

24,007

At 28 February 2014

17,651

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

2

Ordinary

£1

2

2