Abbreviated Company Accounts - ML FORESTRY LTD

09181604 ML FORESTRY LTD 2015-03-31 false 2014-08-19 2015-03-31 true 09181604 2014-08-19 2015-03-31 09181604 2015-03-31 09181604 uk-gaap-cd-bus:Director1 2014-08-19 2015-03-31 09181604 uk-gaap-cd-bus:Director2 2014-08-19 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-19 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 09181604

ML FORESTRY LTD

Abbreviated Accounts

31 March 2015

ML FORESTRY LTD Registered Number 09181604

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	146,443
		146,443
Current assets
Cash at bank and in hand		22,897
		22,897
Creditors: amounts falling due within one year		(73,708)
Net current assets (liabilities)		(50,811)
Total assets less current liabilities		95,632
Creditors: amounts falling due after more than one year		(95,464)
Total net assets (liabilities)		168
Capital and reserves
Called up share capital	3	1
Profit and loss account		167
Shareholders' funds		168

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 26 June 2015

And signed on their behalf by:
Mark Morgan, Director

ML FORESTRY LTD Registered Number 09181604

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 10% straight line

Other accounting policies
Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
Additions	162,714
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	162,714
Depreciation
Charge for the year	16,271
On disposals	-
At 31 March 2015	16,271
Net book values
At 31 March 2015	146,443

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £
1 Ordinary shares of £1 each	1