Abbreviated Company Accounts - M & P TRADING & IMPORTING LTD

M & P TRADING & IMPORTING LTD - Company Information

07987075 M & P TRADING & IMPORTING LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07987075 2015-04-01 2016-03-31 07987075 2016-03-31 07987075 2015-03-31 07987075 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07987075 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07987075

M & P TRADING & IMPORTING LTD

Abbreviated Accounts

31 March 2016

M & P TRADING & IMPORTING LTD Registered Number 07987075

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	15,909	21,210
		15,909	21,210
Current assets
Debtors	3	127,164	172,310
Cash at bank and in hand		24,359	13,199
		151,523	185,509
Creditors: amounts falling due within one year	4	(119,026)	(137,415)
Net current assets (liabilities)		32,497	48,094
Total assets less current liabilities		48,406	69,304
Creditors: amounts falling due after more than one year	4	(45,117)	(55,731)
Total net assets (liabilities)		3,289	13,573
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		2,289	12,573
Shareholders' funds		3,289	13,573

For the year ending 31 March 2016 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 2 December 2016

And signed on their behalf by:
P Fernandes Do Prado, Director

M & P TRADING & IMPORTING LTD Registered Number 07987075

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 net invoiced sales of goods,excluding value added tax

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date

2Tangible fixed assets

	£
Cost
At 1 April 2015	50,281
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	50,281
Depreciation
At 1 April 2015	29,071
Charge for the year	5,301
On disposals	-
At 31 March 2016	34,372
Net book values
At 31 March 2016	15,909
At 31 March 2015	21,210

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	127,164	172,310

4Creditors

	2016 £	2015 £
Secured Debts	119,026	137,145

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000