Mark Williams Express Freight Services L - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03892997 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2015

for

Mark Williams Express Freight Services

Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M A Williams

SECRETARY:

Filemark Limited

REGISTERED OFFICE:

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

REGISTERED NUMBER:

03892997 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

BANKERS:

National Westminster Bank PLC

Market Street

Ferryhill

Co. Durham

DL17 8JW

FIXED ASSETS

Tangible assets

2

59,008

46,296

CURRENT ASSETS

Debtors

38,000

36,895

Cash at bank and in hand

49,606

40,386

87,606

77,281

CREDITORS

Amounts falling due within one year

3

54,718

75,695

NET CURRENT ASSETS

32,888

1,586

TOTAL ASSETS LESS CURRENT LIABILITIES

91,896

47,882

CREDITORS

Amounts falling due after more than one year

25,652

14,690

NET ASSETS

66,244

33,192

CAPITAL AND RESERVES

Called up share capital

4

25,000

25,000

Profit and loss account

41,244

8,192

SHAREHOLDERS' FUNDS

66,244

33,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 17 September 2015 and were signed by:

M A Williams - 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 services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

195,569

Additions

38,000

Disposals

(12,600

)

At 31 January 2015

220,969

DEPRECIATION

At 1 February 2014

149,273

Charge for year

21,088

Eliminated on disposal

(8,400

)

At 31 January 2015

161,961

NET BOOK VALUE

At 31 January 2015

59,008

At 31 January 2014

46,296

3.

CREDITORS

Creditors include an amount of £ 431 (31.1.14 - £ 15,928 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

£

25,000

Ordinary

£1

25,000

25,000