Abbreviated Company Accounts - MITCHELL STEPHENSON LIMITED

MITCHELL STEPHENSON LIMITED - Company Information

Registered Number 04276438

MITCHELL STEPHENSON LIMITED

Abbreviated Accounts

31 March 2014

MITCHELL STEPHENSON LIMITED Registered Number 04276438

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	36,334	48,528
		36,334	48,528
Current assets
Debtors		222,087	227,199
Cash at bank and in hand		517,476	473,324
		739,563	700,523
Creditors: amounts falling due within one year		(278,850)	(353,035)
Net current assets (liabilities)		460,713	347,488
Total assets less current liabilities		497,047	396,016
Creditors: amounts falling due after more than one year		(13,650)	(21,450)
Total net assets (liabilities)		483,397	374,566
Capital and reserves
Called up share capital		100	100
Profit and loss account		483,297	374,466
Shareholders' funds		483,397	374,566

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 October 2014

And signed on their behalf by:
P C Mitchell, Director

MITCHELL STEPHENSON LIMITED Registered Number 04276438

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the amount derived from the provision of goods and services falling within the company's activities after deduction of trade discounts and value added tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and Fittings - 15% reducing balance basis
Motor Vehicles - 25% reducing balance basis
Equipment - Straight line over 5 years

2Tangible fixed assets

	£
Cost
At 1 April 2013	70,488
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	70,488
Depreciation
At 1 April 2013	21,960
Charge for the year	12,194
On disposals	-
At 31 March 2014	34,154
Net book values
At 31 March 2014	36,334
At 31 March 2013	48,528