Abbreviated Company Accounts - MARK WILKINSON JOINERY LIMITED

MARK WILKINSON JOINERY LIMITED - Company Information

05752251 MARK WILKINSON JOINERY LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 05752251 2014-09-01 2015-08-31 05752251 2015-08-31 05752251 2014-08-31 05752251 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 05752251 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2014-09-01 2015-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:Director3 2014-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 05752251

MARK WILKINSON JOINERY LIMITED

Abbreviated Accounts

31 August 2015

MARK WILKINSON JOINERY LIMITED Registered Number 05752251

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	21,645	17,401
		21,645	17,401
Current assets
Stocks		2,500	2,500
Debtors		53,513	47,448
Cash at bank and in hand		38	38
		56,051	49,986
Creditors: amounts falling due within one year	3	(43,251)	(40,048)
Net current assets (liabilities)		12,800	9,938
Total assets less current liabilities		34,445	27,339
Creditors: amounts falling due after more than one year	3	(4,109)	(2,528)
Provisions for liabilities		(3,858)	(2,757)
Total net assets (liabilities)		26,478	22,054
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		26,378	21,954
Shareholders' funds		26,478	22,054

For the year ending 31 August 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 18 April 2016

And signed on their behalf by:
M W Wilkinson, Director

MARK WILKINSON JOINERY LIMITED Registered Number 05752251

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards.

Turnover policy
Turnover represents amounts receivable for goods and services, net of VAT.

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:

Plant and machinery - 20% reducing balance basis
Motor vehicles - 25% reducing balance basis

Other accounting policies
Cash flow statement

The company qualifies as a small company under the Companies Act 2006. The directors have elected to take advantage of the exemption under FRS1 not to prepare a cash flow statement.

Stocks

Stock is valued at the lower of cost and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed by the balance sheet date. Deferred tax is not recognised when assets are revalued unless, by the balance sheet date, the company has entered into a binding agreement to sell the assets and recognised the gains or losses expected to arise on sale.

Hire purchase

Fixed assets acquired under hire purchase contracts are included in the balance sheet at cost and an appropriate provision is made for depreciation. The outstanding liabilities under such agreements less interest not yet due are included in creditors.

2Tangible fixed assets

	£
Cost
At 1 September 2014	48,131
Additions	9,278
Disposals	(1,800)
Revaluations	-
Transfers	-
At 31 August 2015	55,609
Depreciation
At 1 September 2014	30,730
Charge for the year	3,769
On disposals	(535)
At 31 August 2015	33,964
Net book values
At 31 August 2015	21,645
At 31 August 2014	17,401

3Creditors

	2015 £	2014 £
Secured Debts	8,866	12,504

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

The issued share capital is divided into 12 'A', 12 'B', 12 'C', 12 'D', 12 'E' and 40 'F' Ordinary shares of £1 each.

The shares rank pari passu in all respects except that dividends may be declared at variable rates on the different classes of shares.

5Transactions with directors

Name of director receiving advance or credit:	M W Wilkinson
Description of the transaction:	Loan
Balance at 1 September 2014:	£ 14,019
Advances or credits made:	£ 18,871
Advances or credits repaid:	£ 20,000
Balance at 31 August 2015:	£ 12,890