Abbreviated Company Accounts - M & M PALLETS LIMITED

M & M PALLETS LIMITED - Company Information

05057028 M & M PALLETS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05057028 2014-04-01 2015-03-31 05057028 2015-03-31 05057028 2014-03-31 05057028 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05057028 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 iso4217:GBP shares

Registered Number 05057028

M & M PALLETS LIMITED

Abbreviated Accounts

31 March 2015

M & M PALLETS LIMITED Registered Number 05057028

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	49,750	61,290
		49,750	61,290
Current assets
Stocks		15,000	25,800
Debtors		88,077	86,329
Cash at bank and in hand		1,691,029	1,437,664
		1,794,106	1,549,793
Creditors: amounts falling due within one year		(123,072)	(66,350)
Net current assets (liabilities)		1,671,034	1,483,443
Total assets less current liabilities		1,720,784	1,544,733
Total net assets (liabilities)		1,720,784	1,544,733
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,720,782	1,544,731
Shareholders' funds		1,720,784	1,544,733

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 22 December 2015

And signed on their behalf by:
M D Gilligan, Director

M & M PALLETS LIMITED Registered Number 05057028

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
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Leasehold land and buildings 10% on straight line
Plant and machinery 15% on reducing balance
Motor vehicles 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	147,894
Additions	7,348
Disposals	(16,150)
Revaluations	-
Transfers	-
At 31 March 2015	139,092
Depreciation
At 1 April 2014	86,604
Charge for the year	16,011
On disposals	(13,273)
At 31 March 2015	89,342
Net book values
At 31 March 2015	49,750
At 31 March 2014	61,290

3Transactions with directors

Name of director receiving advance or credit:	M D Gilligan
Description of the transaction:	Director's loan
Balance at 1 April 2014:	£ 28,409
Advances or credits made:	£ 12,845
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 41,254