J Munro Property Maintenance Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04452641 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014

FOR

J MUNRO PROPERTY MAINTENANCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Munro

SECRETARY:

Mrs G Munro

REGISTERED OFFICE:

172 Crofton Lane

Orpington

Kent

BR6 0BW

REGISTERED NUMBER:

04452641 (England and Wales)

ACCOUNTANTS:

Bayar Hughes & Co

Chartered Certified Accountants

4 Green Lane Business Park

238 Green lane

New Eltham

London

SE9 3TL

FIXED ASSETS

Tangible assets

2

8,361

10,456

CURRENT ASSETS

Stocks

4,550

4,150

Debtors

61,163

56,913

Cash at bank

2,758

10,993

68,471

72,056

CREDITORS

Amounts falling due within one year

37,774

49,990

NET CURRENT ASSETS

30,697

22,066

TOTAL ASSETS LESS CURRENT LIABILITIES

39,058

32,522

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

39,056

32,520

SHAREHOLDERS' FUNDS

39,058

32,522

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 26 August 2014 and were signed by:

Mr J Munro - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax

and trade discounts.

Tangible fixed assets

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

Tools and Equipment

-

15% on reducing balance

Motor Van

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

19,392

Additions

333

At 31 May 2014

19,725

DEPRECIATION

At 1 June 2013

8,936

Charge for year

2,428

At 31 May 2014

11,364

NET BOOK VALUE

At 31 May 2014

8,361

At 31 May 2013

10,456

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The debit balance on the Directors' Loan Account was made good within 9 months of the accounting reference

date.