Munroes (Upholstery) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06960638 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2015

for

Munroes (Upholstery) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D L Munroe

SECRETARY:

R D Gregson

REGISTERED OFFICE:

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

REGISTERED NUMBER:

06960638 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

2

22,644

7,439

CURRENT ASSETS

Debtors

4,927

5,519

Cash at bank and in hand

11,797

12,444

16,724

17,963

CREDITORS

Amounts falling due within one year

1,342

4,350

NET CURRENT ASSETS

15,382

13,613

TOTAL ASSETS LESS CURRENT LIABILITIES

38,026

21,052

PROVISIONS FOR LIABILITIES

456

361

NET ASSETS

37,570

20,691

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

37,569

20,690

SHAREHOLDERS' FUNDS

37,570

20,691

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 30 September 2015 and were signed by:

D L Munroe - 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

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

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 August 2014

12,156

Additions

19,200

At 31 July 2015

31,356

DEPRECIATION

At 1 August 2014

4,717

Charge for year

3,995

At 31 July 2015

8,712

NET BOOK VALUE

At 31 July 2015

22,644

At 31 July 2014

7,439

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/15

31/7/14

value:

£

£

1

Ordinary

1

1

1