Abbreviated Company Accounts - M & K FLOORING LTD

M & K FLOORING LTD - Company Information

07502477 M & K FLOORING LTD 2015-03-31 false 2014-04-01 2015-03-31 true 07502477 2014-04-01 2015-03-31 07502477 2015-03-31 07502477 2014-03-31 07502477 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07502477 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07502477

M & K FLOORING LTD

Abbreviated Accounts

31 March 2015

M & K FLOORING LTD Registered Number 07502477

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	9,255	12,341
		9,255	12,341
Current assets
Stocks		15,000	11,950
Debtors		4,421	22,877
Cash at bank and in hand		35,488	21,528
		54,909	56,355
Creditors: amounts falling due within one year	3	(54,712)	(43,775)
Net current assets (liabilities)		197	12,580
Total assets less current liabilities		9,452	24,921
Creditors: amounts falling due after more than one year	3	(659)	(2,538)
Accruals and deferred income		(550)	-
Total net assets (liabilities)		8,243	22,383
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		8,241	22,381
Shareholders' funds		8,243	22,383

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 30 December 2015

And signed on their behalf by:
M Ovel, Director

M & K FLOORING LTD Registered Number 07502477

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 net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Motor vehicles 25% per annum on a reducing balance basis
Equipment, fixtures & fittings 25% per annum on a reducing balance basis

Intangible assets amortisation policy
Stock and work in progress is valued at the lower of cost and estimated net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2014	16,620
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	16,620
Depreciation
At 1 April 2014	4,279
Charge for the year	3,086
On disposals	-
At 31 March 2015	7,365
Net book values
At 31 March 2015	9,255
At 31 March 2014	12,341

3Creditors

	2015 £	2014 £
Instalment debts due after 5 years	659	2,538

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2