MRL Grab & Tip Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05317251 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

MRL GRAB & TIP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M J Cave

SECRETARY:

Ms A E Winters

REGISTERED OFFICE:

23 Woodcrest Road

Burgess Hill

West Sussex

RH15 9JW

REGISTERED NUMBER:

05317251 (England and Wales)

ACCOUNTANTS:

Badcock Business Solutions

Chartered Accountants

4 Prince William Close

Worthing

West Sussex

BN14 0AZ

FIXED ASSETS

Tangible assets

2

119,286

61,858

CURRENT ASSETS

Debtors

65,803

37,419

Cash at bank

-

256

65,803

37,675

CREDITORS

Amounts falling due within one year

96,271

79,961

NET CURRENT LIABILITIES

(30,468

)

(42,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

88,818

19,572

CREDITORS

Amounts falling due after more than one year

(56,255

)

-

PROVISIONS FOR LIABILITIES

(19,754

)

(9,885

)

NET ASSETS

12,809

9,687

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

12,808

9,686

SHAREHOLDERS' FUNDS

12,809

9,687

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 27 April 2015 and were signed by:

M J Cave - 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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 April 2014

186,102

Additions

75,650

Disposals

(3,400

)

At 31 March 2015

258,352

DEPRECIATION

At 1 April 2014

124,244

Charge for year

16,351

Eliminated on disposal

(1,529

)

At 31 March 2015

139,066

NET BOOK VALUE

At 31 March 2015

119,286

At 31 March 2014

61,858

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

1

Ordinary

£1

1

1