MCL Supplies Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03682139 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2013

for

MCL SUPPLIES LIMITED

TRADING AS

"MCL"

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I M Chadwick

Ms K J Green

R W Connors

SECRETARY:

Mrs P A Connors

REGISTERED OFFICE:

Unit 3

Westgate Trading Estate

Westgate

Aldridge

Walsall

WS9 8EX

REGISTERED NUMBER:

03682139 (England and Wales)

ACCOUNTANTS:

Maths Partnership

1 Brook Court

Blakeney Road

Beckenham

Kent

BR3 1HG

FIXED ASSETS

Tangible assets

2

8,730

15,251

CURRENT ASSETS

Stocks

14,362

8,390

Debtors

77,461

53,654

Cash at bank

9,995

59,813

101,818

121,857

CREDITORS

Amounts falling due within one year

41,685

57,541

NET CURRENT ASSETS

60,133

64,316

TOTAL ASSETS LESS CURRENT LIABILITIES

68,863

79,567

PROVISIONS FOR LIABILITIES

1,746

3,050

NET ASSETS

67,117

76,517

CAPITAL AND RESERVES

Called up share capital

3

4

4

Profit and loss account

67,113

76,513

SHAREHOLDERS' FUNDS

67,117

76,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 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 14 August 2014 and were signed on its behalf by:

Ms K J Green - 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

The turnover shown in the profit and loss account represents the value of work carried out in the year.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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

where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or

to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

20,841

DEPRECIATION

At 1 January 2013

5,590

Charge for year

6,521

At 31 December 2013

12,111

NET BOOK VALUE

At 31 December 2013

8,730

At 31 December 2012

15,251

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

2

"A" Ordinary Voting

£1

2

2

2

"B" Ordinary Non Voting

£1

2

2

4

4

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,600 (2012 - £9,669) were paid to the directors .

5.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party.