M. Murfin & Sons Limited - Abbreviated accounts 16.1

M. Murfin & Sons Limited - Abbreviated accounts 16.1

M. MURFIN & SONS LIMITED - Company Information

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REGISTERED NUMBER: 07632637 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

M. Murfin & Sons Limited

M. Murfin & Sons Limited (Registered number: 07632637)






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

M. Murfin & Sons Limited

Company Information
for the Year Ended 31 December 2015







DIRECTOR: D Murfin





SECRETARY: D Murfin





REGISTERED OFFICE: 16 Olive Grove
Chaddesden
Derby
DE21 6SR





REGISTERED NUMBER: 07632637 (England and Wales)





Page 1
M. Murfin & Sons Limited (Registered number: 07632637)

Abbreviated Balance Sheet
31 December 2015

31.12.15 31.12.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 51,570 51,570
Tangible assets 3 509,913 519,177
561,483 570,747

CURRENT ASSETS
Stocks 48,114 47,283
Debtors 8,710 10,406
Cash at bank and in hand 22,208 32,442
79,032 90,131
CREDITORS
Amounts falling due within one
year
116,525
133,253
NET CURRENT LIABILITIES (37,493 ) (43,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
523,990
527,625

PROVISIONS FOR LIABILITIES 1,406 1,488
NET ASSETS 522,584 526,137

CAPITAL AND RESERVES
Called up share capital 4 500,000 500,000
Profit and loss account 22,584 26,137
SHAREHOLDERS' FUNDS 522,584 526,137

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 director acknowledges his 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...
M. Murfin & Sons Limited (Registered number: 07632637)

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 director on 27 September 2016 and
were signed by:





D Murfin - Director


The notes form part of these abbreviated accounts

Page 3
M. Murfin & Sons Limited (Registered number: 07632637)

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill is based on information supplied by the coal industry and no
depreciation is considered necessary as at 31 December 2015.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - at variable rates on reducing balance

No depreciation is provided on Freehold Land. Buildings are depreciated at
2% p.a. on a straight line basis.

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.

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. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015
and 31 December 2015 51,570
NET BOOK VALUE

At 31 December 2015 51,570
At 31 December 2014 51,570

Page 4 continued...
M. Murfin & Sons Limited (Registered number: 07632637)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 539,706
Additions 230
At 31 December 2015 539,936
DEPRECIATION
At 1 January 2015 20,529
Charge for year 9,494
At 31 December 2015 30,023
NET BOOK VALUE
At 31 December 2015 509,913
At 31 December 2014 519,177

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.15 31.12.14
value: £    £   
1,000 A Ordinary 1 1,000 1,000
499,000 B Ordinary 1 499,000 499,000
500,000 500,000

Page 5