M.i.w.fabrication (New Endeavour) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 06496099 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2016

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 14E

Atley Way

North Nelson Ind Estate

Cramlington

Northumberland

NE23 1WA

REGISTERED NUMBER:

06496099 (England and Wales)

ACCOUNTANTS:

Certax Accounting (Durham)

Unit 8&9

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

FIXED ASSETS

Tangible assets

2

58,567

24,007

CURRENT ASSETS

Stocks

9,000

Debtors

104,192

34,176

Cash at bank

27,862

14,390

141,054

57,566

CREDITORS

Amounts falling due within one year

125,933

34,768

NET CURRENT ASSETS

15,121

22,798

TOTAL ASSETS LESS CURRENT LIABILITIES

73,688

46,805

CREDITORS

Amounts falling due after more than one
year

21,633

1,333

NET ASSETS

52,055

45,472

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

52,053

45,470

SHAREHOLDERS' FUNDS

52,055

45,472

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 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 7 October 2016 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 January 2015).

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 2015

43,484

Additions

48,692

Disposals

(5,500

)

At 28 February 2016

86,676

DEPRECIATION

At 1 March 2015

19,477

Charge for year

9,139

Eliminated on disposal

(507

)

At 28 February 2016

28,109

NET BOOK VALUE

At 28 February 2016

58,567

At 28 February 2015

24,007

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.16

28.2.15

value:

£

2

Ordinary

£1

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 2016 set out on pages three to nine 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 8&9

Parsons Court

Welbury Way

Newton Aycliffe

Co. Durham

DL5 6ZE

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