Machine Technology Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 00838106 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Machine Technology Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B Dimont

C T Dimont

SECRETARY:

G D Allen

REGISTERED OFFICE:

Arcadia Works

22/23 Arcadia Avenue

London

N3 2JN

REGISTERED NUMBER:

00838106 (England and Wales)

ACCOUNTANTS:

Gemjade Limited

61 Hayes End Drive

Hayes

Middlesex

UB4 8HD

FIXED ASSETS

Tangible assets

2

157,057

173,840

CURRENT ASSETS

Stocks

41,741

40,737

Debtors

35,369

11,344

Cash at bank

193,341

189,182

270,451

241,263

CREDITORS

Amounts falling due within one year

11,913

6,617

NET CURRENT ASSETS

258,538

234,646

TOTAL ASSETS LESS CURRENT LIABILITIES

415,595

408,486

CAPITAL AND RESERVES

Called up share capital

3

81

81

Share premium

54

54

Revaluation reserve

124,000

124,000

Profit and loss account

291,460

284,351

SHAREHOLDERS' FUNDS

415,595

408,486

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 24 September 2014 and were signed on its behalf by:

C T Dimont - 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.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

358,341

DEPRECIATION

At 1 January 2013

184,501

Charge for year

16,783

At 31 December 2013

201,284

NET BOOK VALUE

At 31 December 2013

157,057

At 31 December 2012

173,840

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

81

Ordinary

1

81

81