M&M Architectural Limited,Ltd - Accounts

M&M Architectural Limited,Ltd - Accounts

M&M ARCHITECTURAL LIMITED - Company Information

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2014-10-01 true false Private Limited Company 05935116 2015-09-30 05935116 2014-10-01 2015-09-30 05935116 2014-09-30 05935116 2013-10-01 2014-09-30 05935116 uk-bus:Director1 2014-10-01 2015-09-30 05935116 uk-gaap:CommercialMotorVehicles 2014-10-01 2015-09-30 05935116 uk-gaap:FixturesFittings 2014-10-01 2015-09-30 05935116 uk-gaap:WithinOneYear 2015-09-30 05935116 uk-gaap:WithinOneYear 2014-09-30 05935116 uk-gaap:AfterOneYear 2015-09-30 05935116 uk-gaap:AfterOneYear 2014-09-30 05935116 uk-bus:OrdinaryShareClass1 2015-09-30 iso4217:GBP
M&M Architectural Limited
For the year ended 30 September 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05935116
2
Contents Page
M&M Architectural Limited
For the year ended 30 September 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
M&M Architectural Limited
Accountants' Report
For the year ended 30 September 2015
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of
M&M Architectural Limited for the year ended 30 September 2015 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you
have given us.
As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other
professional requirements which are detailed at http://rulebook.accaglobal.com.
This report is made solely to the Board of Directors of M&M Architectural Limited. Our work has been undertaken solely to
prepare for your approval the accounts of M&M Architectural Limited and state those matters that we have agreed to state
to the Board of Directors of M&M Architectural Limited, as a body, in this report in accordance with the requirements of the
Association of Chartered Certified Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than M&M Architectural Limited and its
Board of Directors as a body for our work or for this report.
It is your duty to ensure that M&M Architectural Limited has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit of M&M Architectural Limited.
You consider that M&M Architectural Limited is exempt from the statutory audit requirement for the year.
Steve Pye & Co.
Chartered Certified Accountants
The Pink House
Estuary Road
King's Lynn
PE30 2HJ
06 June 2016
Dated:
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4
Abbreviated Balance Sheet
M&M Architectural Limited
As at 30 September 2015
05935116
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
26,714
13,963
26,714
13,963
Current assets
Stocks
117,157
104,766
Debtors
130,259
119,509
Cash at bank and in hand
14,463
21,855
238,738
269,271
Creditors: amounts falling due within one year
3
(281,884)
(225,675)
(12,613)
13,063
Net current assets
Total assets less current liabilities
39,777
1,350
Creditors: amounts falling due after more than one year
4
(14,500)
(16,105)
(3,895)
(1,902)
Provisions for liabilities
19,777
Net assets/liabilities
(15,052)
Capital and reserves
Called up share capital
30,000
5
30,000
Profit and loss account
(10,223)
(45,052)
19,777
(15,052)
Shareholders funds
For the year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 06 June 2016
Mr Martin Warren Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
M&M Architectural Limited
For the year ended 30 September 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension Costs
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions
payable are charged to the profit and loss account in the period in which they are payable.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
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6
Notes to the Abbreviated Financial Statements
M&M Architectural Limited
For the year ended 30 September 2015
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of
ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over
the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
46,508
At 01 October 2014
21,663
Additions
At 30 September 2015
68,171
Depreciation
32,545
At 01 October 2014
8,912
Charge for year
41,457
At 30 September 2015
Net book values
At 30 September 2015
26,714
13,963
At 30 September 2014
2015
3 Creditors: amounts falling due within one year
£
£
2014
6,000
6,000
Bank loans and overdrafts (secured)
2014
2015
4 Creditors due after more than one year
£
£
8,500
14,500
Bank loans and overdrafts (secured)
5 Share capital
Allotted called up and fully paid
2015
2014
£
£
30,000 Ordinary shares of £1.00 each
30,000
30,000
30,000
30,000
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