M Spencer Limited - Limited company - abbreviated

REGISTERED NUMBER: 06409505 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31st October 2015

for

M Spencer Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M A Spencer

SECRETARY:

D J Spencer

REGISTERED OFFICE:

6 Delaunays Road

Sale

Cheshire

M33 6RX

REGISTERED NUMBER:

06409505 (England and Wales)

ACCOUNTANTS:

Dale Pickard & Co

Chartered Accountants

Bank House

4 Wharf Road

Sale

Cheshire

M33 2AF

FIXED ASSETS

Tangible assets

2

7

142

CURRENT ASSETS

Stocks

1,433

-

Debtors

8

1,625

Cash at bank

29,842

24,523

31,283

26,148

CREDITORS

Amounts falling due within one year

30,180

18,941

NET CURRENT ASSETS

1,103

7,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110

7,349

PROVISIONS FOR LIABILITIES

-

28

NET ASSETS

1,110

7,321

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

1,108

7,319

SHAREHOLDERS' FUNDS

1,110

7,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 15th January 2016 and were signed by:

M A Spencer - 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 services, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

and 31st October 2015

1,402

DEPRECIATION

At 1st November 2014

1,260

Charge for year

135

At 31st October 2015

1,395

NET BOOK VALUE

At 31st October 2015

7

At 31st October 2014

142

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1

Ordinary A

£1

1

Ordinary B

£1

1

2

M Spencer Limited - Limited company - abbreviated - 11.9

M Spencer Limited - Limited company - abbreviated - 11.9