Mill Sales Direct Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08331658 (England and Wales)

Mill Sales Direct Limited

Abbreviated Unaudited Accounts

for the Period

14 December 2012 to 31 December 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J A Noble

SECRETARY:

REGISTERED OFFICE:

Unit 2

Hatton Rock Business Park

Hatton Rock

Stratford

Warwickshire

CV37 0BX

REGISTERED NUMBER:

08331658 (England and Wales)

FIXED ASSETS

Tangible assets

2

5,291

CURRENT ASSETS

Stocks

16,112

Debtors

19,479

Cash at bank

2,970

38,561

CREDITORS

Amounts falling due within one year

21,540

NET CURRENT ASSETS

17,021

TOTAL ASSETS LESS CURRENT LIABILITIES

22,312

CREDITORS

Amounts falling due after more than one year

38,300

NET LIABILITIES

(15,988

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(16,088

)

SHAREHOLDERS' FUNDS

(15,988

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 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 15 April 2014 and were signed by:

Mr J A Noble - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis. The director remains

committed to financially supporting the company.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

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

obsolete and slow moving items.

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

Additions

7,210

At 31 December 2013

7,210

DEPRECIATION

Charge for period

1,919

At 31 December 2013

1,919

NET BOOK VALUE

At 31 December 2013

5,291

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100