Company Registration No. 07119917 (England and Wales)
M.T. CARTRIDGE COMPANY LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2015
M.T. CARTRIDGE COMPANY LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
M.T. CARTRIDGE COMPANY LTD
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2015
31 January 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,792
6,939
Current assets
Stocks
-
1,160
Debtors
3,862
5,084
Cash at bank and in hand
1,484
13,170
5,346
19,414
Creditors: amounts falling due within one year
(5,104)
(8,632)
Net current assets
242
10,782
Total assets less current liabilities
5,034
17,721
Creditors: amounts falling due after more than one year
(14,700)
(24,700)
(9,666)
(6,979)
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
(10,666)
(7,979)
Shareholders' funds
(9,666)
(6,979)
For the financial year ended 31 January 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 October 2015
Elaine Graydon
Director
Company Registration No. 07119917
M.T. CARTRIDGE COMPANY LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
- Tooling 33% reducing balance
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2014 & at 31 January 2015
29,788
Depreciation
At 1 February 2014
22,849
Charge for the year
2,147
At 31 January 2015
24,996
Net book value
At 31 January 2015
4,792
At 31 January 2014
6,939
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,000 Ordinary shares of £1 each
1,000
1,000
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