2013-01-01
true
false
Private Limited Company
06278173
2013-12-31
06278173
2013-01-01
2013-12-31
06278173
2012-12-31
06278173
2011-07-01
2012-12-31
06278173
uk-bus:Director1
2013-01-01
2013-12-31
06278173
uk-gaap:PlantMachinery
2013-01-01
2013-12-31
06278173
uk-bus:OrdinaryShareClass1
2013-12-31
iso4217:GBP
For the year ended 31 December 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06278173
2
Montons Steel Ltd
For the year ended 31 December 2013
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Montons Steel Ltd
Chartered Accountants' Report
For the year ended 31 December 2013
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of Montons Steel Ltd for the year ended 31 December 2013 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its |
| ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Montons Steel Ltd, as a body, in accordance with the terms |
| of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of |
| Montons Steel Ltd and state those matters that we have agreed to state to the Board of Directors of Montons Steel |
| Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent |
| permitted by law, we do not accept or assume responsibility to anyone other than Montons Steel Ltd and its Board |
| of Directors as a body for our work or for this report. |
| It is your duty to ensure that Montons Steel Ltd has kept adequate accounting records to prepare statutory |
| accounts that give a true and fair view of the assets, liabilities, financial position and Loss of Montons Steel Ltd. |
| You consider that Montons Steel Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the accounts of Montons Steel Ltd. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts. |
Brewster & Co.
5a Station Terrace
East Boldon
Tyne & Wear
NE36 0LJ
1 of 4
4
| Abbreviated Balance Sheet |
Montons Steel Ltd
2013
2012
2
-
550
3
11,178
14,904
11,178
15,454
30,023
14,676
50,843
52,473
10,109
-
77,258
80,866
| Creditors: amounts falling due within one year |
(82,623)
(76,809)
(1,757)
449
Net current assets
| Total assets less current liabilities |
11,627
13,697
| Creditors: amounts falling due after more than one year |
(18,250)
(10,000)
(1,490)
(1,987)
| Provisions for liabilities |
137
Net assets/liabilities
(6,540)
1
4
1
136
(6,541)
137
(6,540)
Shareholders funds
| For the year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director 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 director acknowledges his 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: 29 July 2014 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Montons Steel Ltd
For the year ended 31 December 2013
| 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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| 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. |
| 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. |
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 5 years. |
| 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: |
Plant and Machinery
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Montons Steel Ltd
For the year ended 31 December 2013
| 2 Intangible fixed assets |
5,500
5,500
4,950
550
Charge for year
5,500
-
550
38,351
38,351
23,447
3,726
Charge for year
27,173
11,178
14,904
| 100 Class A shares of £1.00 each |
| Allotted called up and fully paid |
2013
2012
| 1 Class A shares of £1.00 each |
1
1
1
1
4 of 4
