MJC_ENVIRONMENTAL_SERVICE - Accounts

MJC ENVIRONMENTAL SERVICES LIMITED - Company Information

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Company Registration No. 08221770 (England and Wales)

MJC ENVIRONMENTAL SERVICES LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

MJC ENVIRONMENTAL SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MJC ENVIRONMENTAL SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

7,052

5,444

Current assets

Stocks

1,465

1,540

Debtors

19,282

27,477

Cash at bank and in hand

30,255

16,876

51,002

45,893

Creditors: amounts falling due within one year

(54,307)

(35,594)

Net current (liabilities)/assets

(3,305)

10,299

Total assets less current liabilities

3,747

15,743

Provisions for liabilities

(750)

(283)

2,997

15,460

Capital and reserves

Called up share capital

100

Profit and loss account

2,897

15,360

Shareholders' funds

2,997

15,460

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 30 October 2015

Mr M A Collins

Director

Company Registration No. 08221770

MJC ENVIRONMENTAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

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).

At the end of the year the company's balance sheet reported net current liabilities of £3,305. The company relies on the continued support of the director in order to fund its day to day working capital requirements. The director has no reason to believe that this support will be withdrawn to the detriment of the company within twelve months from the date of signature of these financial statements and accordingly considers it appropriate to prepare them on a going concern basis.

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:

Fixtures, fittings and equipment

15% reducing balance basis

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

MJC ENVIRONMENTAL SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2013

6,405

Additions

2,853

At 30 September 2014

9,258

Depreciation

At 1 October 2013

961

Charge for the year

1,245

At 30 September 2014

2,206

Net book value

At 30 September 2014

7,052

At 30 September 2013

5,444

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Other transactions

At the year end the director Mr M A Collins was owed £5,449 by way of his director,s current account (2014: £396).

During the year the company traded rent free from the director's home address.