Medway Pets Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08631237 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 30 JULY 2013 TO 30 JUNE 2014

FOR

MEDWAY PETS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D K Stead

REGISTERED OFFICE:

16 Painters Pightle

Hook

Hampshire

RG27 9SS

REGISTERED NUMBER:

08631237 (England and Wales)

ACCOUNTANTS:

Martin J. Raybould FAPA

Authorised Public Accountant

16 Painters Pightle

Hook

Hampshire

RG27 9SS

FIXED ASSETS

Intangible assets

2

10,900

Tangible assets

3

2,797

13,697

CURRENT ASSETS

Stocks

3,975

Debtors

6,863

Cash at bank

6,567

17,405

CREDITORS

Amounts falling due within one year

30,582

NET CURRENT LIABILITIES

(13,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

520

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

519

SHAREHOLDERS' FUNDS

520

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2014 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 29 July 2014 and were signed by:

D K Stead - 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 goods, excluding value added tax.

Goodwill

The goodwill was acquired when the company took over the business previously run by Mr D K Stead under the

name of Medway Associates. The director does not deem it appropriate to write off goodwill at the moment but

will keep the situation under review.

Tangible fixed assets

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

Equipment & fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

10,900

At 30 June 2014

10,900

NET BOOK VALUE

At 30 June 2014

10,900

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

379

Transfer to ownership

3,250

At 30 June 2014

3,629

DEPRECIATION

Charge for period

832

At 30 June 2014

832

NET BOOK VALUE

At 30 June 2014

2,797

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.