Mayflair Blinds Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02618363 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 31st March 2015

for

Mayflair Blinds Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A Seales

SECRETARY:

Mrs T Seales

REGISTERED OFFICE:

Cobbleacre Park

Brick Kiln Road

Hevingham

Norfolk

NR10 5NL

REGISTERED NUMBER:

02618363 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

58 Thorpe Road

Norwich

Norfolk

NR1 1RY

FIXED ASSETS

Tangible assets

2

104,405

117,384

CURRENT ASSETS

Stocks

10,850

10,850

Debtors

112,464

131,903

Cash at bank and in hand

78,698

30,713

202,012

173,466

CREDITORS

Amounts falling due within one year

3

87,183

78,978

NET CURRENT ASSETS

114,829

94,488

TOTAL ASSETS LESS CURRENT LIABILITIES

219,234

211,872

CREDITORS

Amounts falling due after more than one year

3

(35,476

)

(39,338

)

PROVISIONS FOR LIABILITIES

(10,662

)

(13,016

)

NET ASSETS

173,096

159,518

CAPITAL AND RESERVES

Called up share capital

4

103

103

Profit and loss account

172,993

159,415

SHAREHOLDERS' FUNDS

173,096

159,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 16th November 2015 and were signed by:

Mr A Seales - 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).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Going concern

These financial statements have been prepared on the going concern basis. The Directors consider

this basis to be appropriate but have not assessed a period in excess of 12 months from the date of

approving the accounts.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

204,899

Additions

1,893

At 31st March 2015

206,792

DEPRECIATION

At 1st April 2014

87,515

Charge for year

14,872

At 31st March 2015

102,387

NET BOOK VALUE

At 31st March 2015

104,405

At 31st March 2014

117,384

3.

CREDITORS

Creditors include an amount of £ 39,337 (31/3/14 - £ 44,856 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/15

31/3/14

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

103

103