Abbreviated Company Accounts - MICHAEL R. HALL LIMITED

MICHAEL R. HALL LIMITED - Company Information

09150484 MICHAEL R. HALL LIMITED 2015-07-31 false 2014-07-28 2015-07-31 true 09150484 2014-07-28 2015-07-31 09150484 2015-07-31 09150484 uk-gaap-cd-bus:Director1 2014-07-28 2015-07-31 09150484 uk-gaap-cd-bus:Director2 2014-07-28 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-28 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director4 2014-07-28 2015-07-31 uk-gaap-cd-bus:Director4 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-28 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-07-28 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 iso4217:GBP shares

Registered Number 09150484

MICHAEL R. HALL LIMITED

Abbreviated Accounts

31 July 2015

MICHAEL R. HALL LIMITED Registered Number 09150484

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015
		£
Fixed assets
Tangible assets	2	30,473
		30,473
Current assets
Stocks		450
Debtors		13,843
Cash at bank and in hand		7,839
		22,132
Creditors: amounts falling due within one year		(46,413)
Net current assets (liabilities)		(24,281)
Total assets less current liabilities		6,192
Creditors: amounts falling due after more than one year		(4,986)
Total net assets (liabilities)		1,206
Capital and reserves
Called up share capital	3	100
Profit and loss account		1,106
Shareholders' funds		1,206

For the year ending 31 July 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 28 April 2016

And signed on their behalf by:
M R Hall, Director

MICHAEL R. HALL LIMITED Registered Number 09150484

Notes to the Abbreviated Accounts for the period ended 31 July 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 contractual value of work completed in the period, net of VAT.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax

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

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
Additions	41,719
Disposals	(155)
Revaluations	-
Transfers	-
At 31 July 2015	41,564
Depreciation
Charge for the year	11,091
On disposals	-
At 31 July 2015	11,091
Net book values
At 31 July 2015	30,473

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

	2015 £
75 A Ordinary shares of £1 each	75
25 B Ordinary shares of £1 each	25

The following shares were allotted and fully paid for cash at par during the period:

75 Ordinary "A" shares of £1 each
25 Ordinary "B" shares of £1 each

4Transactions with directors

Name of director receiving advance or credit:	M R Hall
Description of the transaction:	Overdrawn Current Account
Balance at 28 July 2014:	-
Advances or credits made:	£ 33,197
Advances or credits repaid:	£ 27,593
Balance at 31 July 2015:	£ 5,604

Name of director receiving advance or credit:	M J Brown
Description of the transaction:	Overdrawn Current Account
Balance at 28 July 2014:	-
Advances or credits made:	£ 21,975
Advances or credits repaid:	£ 21,493
Balance at 31 July 2015:	£ 482

Overdrawn Balances cleared by balance of Fees for year paid within 9 months of period end.