MACHINE TECHNOLOGY LIMITED Accounts filed on 31-12-2014

MACHINE TECHNOLOGY LIMITED - Company Information

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MACHINE TECHNOLOGY LIMITED

Company Registration Number:
00838106 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st January 2014

End date: 31st December 2014

SUBMITTED

Company Information
for the Period Ended 31st December 2014

Director:		Mrs Christiane Dimont






Registered office:		Arcadia Works
		22/23 Arcadia Avenue

		London

		N3 2JU




Company Registration Number:		00838106 (England and Wales)

Abbreviated Balance sheet
As at 31st December 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	5	140,276	157,057
Total fixed assets:		140,276	157,057
Current assets
Stocks:		38,943	41,741
Debtors:	7	11,583	35,369
Cash at bank and in hand:		245,433	193,341
Total current assets:		295,959	270,451
Creditors
Creditors: amounts falling due within one year	8	13,863	10,985
Net current assets (liabilities):		282,096	259,466
Total assets less current liabilities:		422,372	416,523
Total net assets (liabilities):		422,372	416,523

The notes form part of these financial statements

Abbreviated Balance sheet
As at 31st December 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	9	135	135
Revaluation reserve:		124,000	124,000
Profit and Loss account:		298,237	292,388
Total shareholders funds:		422,372	416,523

For the year ending 31 December 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 18 September 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mrs Christiane Dimont
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards

Turnover policy

Turnover represents sales to outside customers and invoiced, amounts less value added tax

Tangible fixed assets depreciation policy

Depreciation is provided to write off the cost or valuation, less estimated residual values of all fixed assets evenly over their expected useful lives. It is calculated at the following rates: Freehold property -2% straight line basis Plant and equipment -20% straight line basis Motor vehicles -25% straight line basis Leasehold improvements -10% straight line bais

Valuation information and policy

Stocks are value of the lower of cost and net realisable value on a basis consistent with previous years.

Other accounting policies

Foreign currencies Assets and liabilities in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated at the rate ruling at the date of transaction. Differences arising are dealt with in the profit and loss account.

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

5. Tangible assets

	Total
Cost	£
At 01st January 2014:	358,341
At 31st December 2014:	358,341
Depreciation
At 01st January 2014:	201,284
Charge for year:	16,781
At 31st December 2014:	218,065
Net book value
At 31st December 2014:	140,276
At 31st December 2013:	157,057

Tangible assets freehold property + improvements, office equipment and car

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

7. Debtors

Abbreviated accounts 1 January to 31 December 2014

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

8. Creditors: amounts falling due within one year

Trade Creditors

Notes to the Abbreviated Accounts
for the Period Ended 31st December 2014

9. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	135	1.00 1.00	135
Total share capital:			135

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	135	1.00 1.00	135
Total share capital:			135

Called up share capital £81+ £54 Premium

MACHINE TECHNOLOGY LIMITED Accounts filed on 31-12-2014