M.i.w.fabrication (New Endeavour) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06496099 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

M.i.w.fabrication (New Endeavour) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

M I Watson

Mrs P Watson

SECRETARY:

Mrs P Watson

REGISTERED OFFICE:

Unit 45 Nelson Park

Colbourne Avenue

Cramlington

Northumberland

NE23 1WD

REGISTERED NUMBER:

06496099 (England and Wales)

ACCOUNTANTS:

Certax Accounting (Durham)

Unit 6

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

FIXED ASSETS

Tangible assets

2

17,651

16,756

CURRENT ASSETS

Stocks

9,000

9,000

Debtors

26,840

17,879

Cash at bank and in hand

6,284

708

42,124

27,587

CREDITORS

Amounts falling due within one year

32,004

28,575

NET CURRENT ASSETS/(LIABILITIES)

10,120

(988

)

TOTAL ASSETS LESS CURRENT LIABILITIES

27,771

15,768

CREDITORS

Amounts falling due after more than one year

3,334

1,280

NET ASSETS

24,437

14,488

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

24,435

14,486

SHAREHOLDERS' FUNDS

24,437

14,488

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 11 August 2014 and were signed on its behalf by:

M I Watson - 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.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress 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 expenditure and an appropriate proportion of fixed and variable overheads.

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

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

31,507

Additions

14,931

Disposals

(12,850

)

At 28 February 2014

33,588

DEPRECIATION

At 1 March 2013

14,751

Charge for year

4,187

Eliminated on disposal

(3,001

)

At 28 February 2014

15,937

NET BOOK VALUE

At 28 February 2014

17,651

At 28 February 2013

16,756

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

2

Ordinary

£1

2

2

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 28 February 2014 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Certax Accounting (Durham)

Unit 6

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

Date: .............................................