Abbreviated Company Accounts - MITCHELL STEPHENSON LIMITED

MITCHELL STEPHENSON LIMITED - Company Information

Registered Number 04276438

MITCHELL STEPHENSON LIMITED

Abbreviated Accounts

31 March 2015

MITCHELL STEPHENSON LIMITED Registered Number 04276438

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	40,931	36,334
		40,931	36,334
Current assets
Debtors		168,937	222,087
Cash at bank and in hand		601,720	517,476
		770,657	739,563
Creditors: amounts falling due within one year		(293,725)	(278,850)
Net current assets (liabilities)		476,932	460,713
Total assets less current liabilities		517,863	497,047
Creditors: amounts falling due after more than one year		(5,850)	(13,650)
Total net assets (liabilities)		512,013	483,397
Capital and reserves
Called up share capital		100	100
Profit and loss account		511,913	483,297
Shareholders' funds		512,013	483,397

For the year ending 31 March 2015 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.

Approved by the Board on 14 October 2015

And signed on their behalf by:
P C Mitchell, Director

MITCHELL STEPHENSON LIMITED Registered Number 04276438

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after a deduction of trade discounts and value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings - 15% reducing balance
Motor Vehicles - 25% reducing balance
Equipment - straight line over 5 years

Other accounting policies
Controlling Interest
The company was controlled throughout the current and preceding year by Mrs S A Mitchell being a director and majority shareholder.

2Tangible fixed assets

	£
Cost
At 1 April 2014	70,488
Additions	15,270
Disposals	(7,054)
Revaluations	-
Transfers	-
At 31 March 2015	78,704
Depreciation
At 1 April 2014	34,154
Charge for the year	10,673
On disposals	(7,054)
At 31 March 2015	37,773
Net book values
At 31 March 2015	40,931
At 31 March 2014	36,334