Malvern Boilers Limited - Abbreviated accounts 16.1

Malvern Boilers Limited - Abbreviated accounts 16.1

MALVERN BOILERS LIMITED - Company Information

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REGISTERED NUMBER: 02600469 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

MALVERN BOILERS LIMITED

MALVERN BOILERS LIMITED (REGISTERED NUMBER: 02600469)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015




Page

Company information 1

Abbreviated balance sheet 2

Notes to the abbreviated accounts 4

MALVERN BOILERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2015







DIRECTORS: Nicholas Anthony Perry
Sarah Joanne Perry
Julian Fred Done





REGISTERED OFFICE: Spring Lane North
Malvern
Worcestershire
WR14 1BW





REGISTERED NUMBER: 02600469 (England and Wales)





ACCOUNTANTS: LS Accountancy Services
162 Battenhall Road
Worcester
Worcestershire
WR5 2BT
Page 1
MALVERN BOILERS LIMITED (REGISTERED NUMBER: 02600469)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 88,420 58,543

CURRENT ASSETS
Stocks 478,943 450,687
Debtors 691,853 715,599
Cash at bank and in hand 615,910 661,184
1,786,706 1,827,470
CREDITORS
Amounts falling due within one year 566,757 571,804
NET CURRENT ASSETS 1,219,949 1,255,666
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,308,369
1,314,209

PROVISIONS FOR LIABILITIES 2,950 5,148
NET ASSETS 1,305,419 1,309,061

CAPITAL AND RESERVES
Called up share capital 3 100 100
Capital redemption reserve 58 58
Profit and loss account 1,305,261 1,308,903
SHAREHOLDERS' FUNDS 1,305,419 1,309,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
MALVERN BOILERS LIMITED (REGISTERED NUMBER: 02600469)

ABBREVIATED BALANCE SHEET - continued
31 DECEMBER 2015


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 1 September 2016 and were signed on its behalf
by:





Nicholas Anthony Perry - Director


The notes form part of these abbreviated accounts

Page 3
MALVERN BOILERS LIMITED (REGISTERED NUMBER: 02600469)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015

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 January 2015).

EXEMPTION FROM PREPARING A CASH FLOW STATEMENT
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as
a small company.

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 - 25% on cost and 15% 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.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

RESEARCH AND DEVELOPMENT
Expenditure on research and development is written off in the year in which it is incurred.


FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Page 4 continued...
MALVERN BOILERS LIMITED (REGISTERED NUMBER: 02600469)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 460,424
Additions 48,836
At 31 December 2015 509,260
DEPRECIATION
At 1 January 2015 401,881
Charge for year 18,959
At 31 December 2015 420,840
NET BOOK VALUE
At 31 December 2015 88,420
At 31 December 2014 58,543

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

4. CAPITAL REDEMPTION RESERVE

On 1 May 2009 the company purchased 40 of it's own ordinary £1.00 shares from C.M. Perry Esq., a former
director of the company, representing 40% of the called up share capital.

On 29 April 2013 the company purchased 3 of it's own ordinary £1.00 shares from C.M. Perry Esq., a former
director of the company, representing 5% of the called up share capital.

On 29 April 2013 the company purchased 15 of it's own ordinary £1.00 shares from Mrs S K Perry, a former
director of the company, representing 25% of the called up share capital.

Page 5