Martins Mill Packaging Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06681281 (England and Wales)

Abbreviated Accounts for the Year Ended 31 August 2014

for

Martins Mill Packaging Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R D Moroney

SECRETARY:

Miss S L Moroney

REGISTERED OFFICE:

Unit 4a Ladyship Business Park

Mill Lane

Boothtown

Halifax

West Yorkshire

HX3 6TN

REGISTERED NUMBER:

06681281 (England and Wales)

ACCOUNTANTS:

Paul R Smith FMAAT

Paul R Smith Ltd

3 Grotto Terrace

Wainstalls

Halifax

West Yorkshire

HX2 7TT

FIXED ASSETS

Intangible assets

2

5,653

7,067

Tangible assets

3

27,944

18,039

33,597

25,106

CURRENT ASSETS

Stocks

65,811

48,121

Debtors

132,234

135,751

Cash at bank and in hand

14,932

2,527

212,977

186,399

CREDITORS

Amounts falling due within one year

191,714

185,909

NET CURRENT ASSETS

21,263

490

TOTAL ASSETS LESS CURRENT LIABILITIES

54,860

25,596

CREDITORS

Amounts falling due after more than one year

(7,030

)

(3,564

)

PROVISIONS FOR LIABILITIES

(5,342

)

(692

)

NET ASSETS

42,488

21,340

CAPITAL AND RESERVES

Called up share capital

4

10

10

Profit and loss account

42,478

21,330

SHAREHOLDERS' FUNDS

42,488

21,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 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 11 September 2014 and were signed by:

R D Moroney - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

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 September 2013

and 31 August 2014

14,137

AMORTISATION

At 1 September 2013

7,070

Amortisation for year

1,414

At 31 August 2014

8,484

NET BOOK VALUE

At 31 August 2014

5,653

At 31 August 2013

7,067

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

32,715

Additions

18,893

At 31 August 2014

51,608

DEPRECIATION

At 1 September 2013

14,676

Charge for year

8,988

At 31 August 2014

23,664

NET BOOK VALUE

At 31 August 2014

27,944

At 31 August 2013

18,039

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

10

Ordinary

1

10

10