Abbreviated Company Accounts - M PARTS LIMITED

Registered Number 04765558

M PARTS LIMITED

Abbreviated Accounts

30 April 2015

M PARTS LIMITED Registered Number 04765558

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	27,747	29,164
		27,747	29,164
Current assets
Stocks		115,000	98,000
Debtors		43,029	38,531
Cash at bank and in hand		3,145	13,320
		161,174	149,851
Creditors: amounts falling due within one year		(80,204)	(84,398)
Net current assets (liabilities)		80,970	65,453
Total assets less current liabilities		108,717	94,617
Creditors: amounts falling due after more than one year		(15,000)	-
Provisions for liabilities		(5,550)	(5,832)
Total net assets (liabilities)		88,167	88,785
Capital and reserves
Called up share capital		4	4
Profit and loss account		88,163	88,781
Shareholders' funds		88,167	88,785

For the year ending 30 April 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 24 January 2016

And signed on their behalf by:
J E Lloyd, Director

M PARTS LIMITED Registered Number 04765558

Notes to the Abbreviated Accounts for the period ended 30 April 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 receivable, net of value added tax, for goods and services supplied to customers

Tangible assets depreciation policy
Depreciation is provided to allocate the cost of fixed assets to accounting periods over their estimated economic life. Plant and machinery is depreciated at 20 per cent per annum on a straight line basis

2Tangible fixed assets

	£
Cost
At 1 May 2014	43,482
Additions	1,125
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	44,607
Depreciation
At 1 May 2014	14,318
Charge for the year	2,542
On disposals	-
At 30 April 2015	16,860
Net book values
At 30 April 2015	27,747
At 30 April 2014	29,164