N & M L D Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC204071 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

N & M L D Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N Duffus

SECRETARY:

Add Accountancy Limited

REGISTERED OFFICE:

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

REGISTERED NUMBER:

SC204071 (Scotland)

ACCOUNTANTS:

Add Accountancy Limited

6 Market Square

OLDMELDRUM

Aberdeenshire

AB51 0AA

FIXED ASSETS

Tangible assets

2

105,901

81,434

CURRENT ASSETS

Stocks

803,078

378,969

Debtors

53,932

42,877

Cash at bank

5,608

264,863

862,618

686,709

CREDITORS

Amounts falling due within one year

422,098

354,633

NET CURRENT ASSETS

440,520

332,076

TOTAL ASSETS LESS CURRENT LIABILITIES

546,421

413,510

CREDITORS

Amounts falling due after more than one year

195,610

70,000

NET ASSETS

350,811

343,510

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

350,809

343,508

SHAREHOLDERS' FUNDS

350,811

343,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 November 2015 and were signed by:

N Duffus - 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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

286,205

Additions

43,100

At 28 February 2015

329,305

DEPRECIATION

At 1 March 2014

204,771

Charge for year

18,633

At 28 February 2015

223,404

NET BOOK VALUE

At 28 February 2015

105,901

At 28 February 2014

81,434

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

£

2

ordinary

1

2

2