M2M Logistics Limited,Ltd - Accounts

M2M Logistics Limited,Ltd - Accounts

M2M LOGISTICS LIMITED - Company Information

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2014-01-01 true false Private Limited Company 08317371 2014-12-31 08317371 2014-01-01 2014-12-31 08317371 2013-12-31 08317371 2013-01-01 2013-12-31 08317371 uk-bus:Director1 2014-01-01 2014-12-31 08317371 uk-gaap:FixturesFittings 2014-01-01 2014-12-31 08317371 uk-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP
M2M Logistics Limited
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08317371
2
Contents Page
M2M Logistics Limited
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
M2M Logistics Limited
Accountants' Report
For the year ended 31 December 2014
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the
accounts of M2M Logistics Limited for the year ended 31 December 2014 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of M2M Logistics Limited, as a body, in accordance with the
terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of
M2M Logistics Limited and state those matters that we have agreed to state to the Board of Directors of M2M
Logistics Limited, as a body, in this report in accordance with the requirements of the Association of Chartered
Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by
law, we do not accept or assume responsibility to anyone other than M2M Logistics Limited and its Board of
Directors as a body for our work or for this report.
It is your duty to ensure that M2M Logistics Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of M2M Logistics
Limited. You consider that M2M Logistics Limited is exempt from the statutory audit requirement for the year.
FS Accountants Limited
44 York Street
Clitheroe
BB7 2DL
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4
Abbreviated Balance Sheet
M2M Logistics Limited
As at 31 December 2014
08317371
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
1,636
1,092
1,636
1,092
Current assets
Debtors
-
367
Cash at bank and in hand
12,090
16,595
12,457
16,595
Creditors: amounts falling due within one year
(12,617)
(8,070)
3,978
4,387
Net current assets
Total assets less current liabilities
6,023
5,070
(218)
(218)
Provisions for liabilities
5,805
Net assets
4,852
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
5,705
4,752
5,805
4,852
Shareholders funds
For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 21 July 2015
Mr Paul Rodwell Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
M2M Logistics Limited
For the year ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the
transaction. All foreign exchange differences are included to the profit and loss account.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings
15% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,285
At 01 January 2014
1,049
Additions
(215)
Disposals
At 31 December 2014
2,119
Depreciation
193
At 01 January 2014
290
Charge for year
483
At 31 December 2014
Net book values
At 31 December 2014
1,636
1,092
At 31 December 2013
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6
Notes to the Abbreviated Financial Statements
M2M Logistics Limited
For the year ended 31 December 2014
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
100 Ordinary shares of £1.00 each
100
100
100
100
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