M.J. Smith (Butchers) Ltd. - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04481089 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

M.J. Smith (Butchers) Ltd.

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

Mr. M. J. Smith

Mrs. P. S. J. Smith

Mr. A. C. Smith

SECRETARY:

Mrs. P. S. J. Smith

REGISTERED OFFICE:

10 Bridge Street

Polesworth

Tamworth

Staffordshire

B78 1DT

REGISTERED NUMBER:

04481089 (England and Wales)

ACCOUNTANTS:

Screatons Ltd

49 Station Street

Atherstone

Warwickshire

CV9 1DB

BANKERS:

HSBC Bank plc

110 Long Street

Atherstone

Warwickshire

CV9 1AQ

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of M.J. Smith (Butchers) Ltd. for the year ended 30 June 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of M.J. Smith (Butchers) Ltd., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M.J. Smith (Butchers) Ltd. and state those matters that we have agreed to state to the Board of Directors of M.J. Smith (Butchers) Ltd., as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M.J. Smith (Butchers) Ltd. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M.J. Smith (Butchers) Ltd.. You consider that M.J. Smith (Butchers) Ltd. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M.J. Smith (Butchers) Ltd..

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Screatons Ltd

49 Station Street

Atherstone

Warwickshire

CV9 1DB

20 August 2015

FIXED ASSETS

Intangible assets

2

4,300

6,450

Tangible assets

3

1,205

254

5,505

6,704

CURRENT ASSETS

Stocks

500

500

Debtors

640

315

Cash at bank

60,763

94,911

61,903

95,726

CREDITORS

Amounts falling due within one year

10,358

28,463

NET CURRENT ASSETS

51,545

67,263

TOTAL ASSETS LESS CURRENT LIABILITIES

57,050

73,967

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

57,048

73,965

SHAREHOLDERS' FUNDS

57,050

73,967

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 20 August 2015 and were signed on its behalf by:

Mrs. P. S. J. Smith - Director

Mr. M. J. Smith - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on cost

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

and 30 June 2015

21,500

AMORTISATION

At 1 July 2014

15,050

Amortisation for year

2,150

At 30 June 2015

17,200

NET BOOK VALUE

At 30 June 2015

4,300

At 30 June 2014

6,450

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

43,605

Additions

1,352

At 30 June 2015

44,957

DEPRECIATION

At 1 July 2014

43,351

Charge for year

401

At 30 June 2015

43,752

NET BOOK VALUE

At 30 June 2015

1,205

At 30 June 2014

254

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

£

2

Ordinary Shares

£1

2

2