Martin Fenn Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04763166 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

MARTIN FENN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

M L Fenn

SECRETARY:

Mrs D A Fenn

REGISTERED OFFICE:

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

REGISTERED NUMBER:

04763166 (England and Wales)

ACCOUNTANTS:

Walter Wright

Chartered Accountants

89 High Street

Hadleigh

Ipswich

Suffolk

IP7 5EA

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,660

6,216

Investments

4

50,000

-

54,660

6,216

CURRENT ASSETS

Stocks

17,863

16,955

Debtors

20,279

18,668

Cash at bank and in hand

50,980

112,096

89,122

147,719

CREDITORS

Amounts falling due within one year

22,556

31,642

NET CURRENT ASSETS

66,566

116,077

TOTAL ASSETS LESS CURRENT LIABILITIES

121,226

122,293

PROVISIONS FOR LIABILITIES

565

795

NET ASSETS

120,661

121,498

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

120,561

121,398

SHAREHOLDERS' FUNDS

120,661

121,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 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 1 October 2014 and were signed by:

M L Fenn - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

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

-

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.

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 May 2013

and 30 April 2014

7,500

AMORTISATION

At 1 May 2013

and 30 April 2014

7,500

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

37,092

DEPRECIATION

At 1 May 2013

30,876

Charge for year

1,556

At 30 April 2014

32,432

NET BOOK VALUE

At 30 April 2014

4,660

At 30 April 2013

6,216

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

50,000

At 30 April 2014

50,000

NET BOOK VALUE

At 30 April 2014

50,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 (2013 - £24,000) were paid to the director .

M L Fenn

Mr Fenn owns the property from which the company trades. During the year the company paid £8,250

rent to Mr Fenn.

2014

2013

£

£

Amount due to related party at the balance sheet date

8,518

15,216