Abbreviated Company Accounts - MAYDAY SEALS AND BEARINGS LIMITED

Abbreviated Company Accounts - MAYDAY SEALS AND BEARINGS LIMITED

KATE DORMANT COMPANY LIMITED - Company Information

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Registered Number 05997406

MAYDAY SEALS AND BEARINGS LIMITED

Abbreviated Accounts

31 March 2015

MAYDAY SEALS AND BEARINGS LIMITED Registered Number 05997406

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 41,393 44,837
Tangible assets 3 4,699 5,524
46,092 50,361
Current assets
Stocks 12,678 14,283
Debtors 18,834 21,872
Cash at bank and in hand 996 634
32,508 36,789
Creditors: amounts falling due within one year (45,484) (58,070)
Net current assets (liabilities) (12,976) (21,281)
Total assets less current liabilities 33,116 29,080
Creditors: amounts falling due after more than one year (16,869) (15,341)
Total net assets (liabilities) 16,247 13,739
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,147 13,639
Shareholders' funds 16,247 13,739
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 23 November 2015

And signed on their behalf by:
Mrs K Bridgen-Page, Director

MAYDAY SEALS AND BEARINGS LIMITED Registered Number 05997406

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Plant and Machinery: 33% Straight Line
Office and Equipment: 33% Straight Line
Motor Cars: 25% Straight Line

Intangible assets amortisation policy
Goodwill: 5% On Cost
Set Up Costs: 5% On Cost

2Intangible fixed assets
£
Cost
At 1 April 2014 68,962
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 68,962
Amortisation
At 1 April 2014 24,125
Charge for the year 3,444
On disposals -
At 31 March 2015 27,569
Net book values
At 31 March 2015 41,393
At 31 March 2014 44,837
3Tangible fixed assets
£
Cost
At 1 April 2014 9,870
Additions 86
Disposals -
Revaluations -
Transfers -
At 31 March 2015 9,956
Depreciation
At 1 April 2014 4,346
Charge for the year 911
On disposals -
At 31 March 2015 5,257
Net book values
At 31 March 2015 4,699
At 31 March 2014 5,524