4M Floors UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07188488 (England and Wales)

4M Floors UK Limited

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

A James

D Roache

J R Amis

T Butterworth

SECRETARY:

REGISTERED OFFICE:

Unit 9 Decade Close

High Carr Business Park

Newcastle

Staffordshire

ST5 7UG

REGISTERED NUMBER:

07188488 (England and Wales)

ACCOUNTANTS:

Slaters Chartered Accountants

Lymore Villa

162A London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

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 4M Floors UK Limited for the year ended 31 December 2014 on pages

to 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 4M Floors UK Limited, 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 4M Floors UK Limited and state those matters that we have agreed to state to the Board of Directors of 4M Floors UK Limited, 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 4M Floors UK Limited 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 4M Floors UK Limited. You consider that 4M Floors UK Limited 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 4M Floors UK

Limited. 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.

This report is made solely to the company's members as a body. To the fullest extent permitted by law, we

do not accept or assume responsibility to anyone other than the company and the company's members as a

body for our accountancy work for this report.

Slaters Chartered Accountants

Lymore Villa

162A London Road

Chesterton

Newcastle

Staffordshire

ST5 7JB

20 April 2015

FIXED ASSETS

Intangible assets

2

13,713

14,559

Tangible assets

3

64,698

63,394

78,411

77,953

CURRENT ASSETS

Stocks

470,148

451,381

Debtors

782,094

507,014

Cash at bank and in hand

286,420

129,970

1,538,662

1,088,365

CREDITORS

Amounts falling due within one year

1,013,702

762,920

NET CURRENT ASSETS

524,960

325,445

TOTAL ASSETS LESS CURRENT LIABILITIES

603,371

403,398

CREDITORS

Amounts falling due after more than one year

(9,562

)

(24,020

)

PROVISIONS FOR LIABILITIES

(12,939

)

(13,707

)

NET ASSETS

580,870

365,671

CAPITAL AND RESERVES

Called up share capital

4

40,000

40,000

Profit and loss account

540,870

325,671

SHAREHOLDERS' FUNDS

580,870

365,671

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 20 April 2015 and were signed on its behalf by:

A James - 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 invoice value of goods / services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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 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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

16,928

AMORTISATION

At 1 January 2014

2,369

Amortisation for year

846

At 31 December 2014

3,215

NET BOOK VALUE

At 31 December 2014

13,713

At 31 December 2013

14,559

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

108,806

Additions

29,163

Disposals

(12,995

)

At 31 December 2014

124,974

DEPRECIATION

At 1 January 2014

45,412

Charge for year

20,549

Eliminated on disposal

(5,685

)

At 31 December 2014

60,276

NET BOOK VALUE

At 31 December 2014

64,698

At 31 December 2013

63,394

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

40,000

Ordinary A

£1

40,000

40,000