Abbreviated Company Accounts - MSM PARTITIONING LIMITED

MSM PARTITIONING LIMITED - Company Information

05914576 MSM PARTITIONING LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 05914576 2015-04-01 2016-03-31 05914576 2016-03-31 05914576 2015-03-31 05914576 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 05914576 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 05914576

MSM PARTITIONING LIMITED

Abbreviated Accounts

31 March 2016

MSM PARTITIONING LIMITED Registered Number 05914576

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	37,504	48,995
		37,504	48,995
Current assets
Stocks		12,646	24,312
Debtors		73,758	139,841
Cash at bank and in hand		3,790	499
		90,194	164,652
Creditors: amounts falling due within one year	3	(90,746)	(168,450)
Net current assets (liabilities)		(552)	(3,798)
Total assets less current liabilities		36,952	45,197
Creditors: amounts falling due after more than one year	3	(9,483)	(11,969)
Provisions for liabilities		(7,000)	(8,000)
Total net assets (liabilities)		20,469	25,228
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		20,467	25,226
Shareholders' funds		20,469	25,228

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 16 December 2016

And signed on their behalf by:
M S Methuen, Director

MSM PARTITIONING LIMITED Registered Number 05914576

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 January 2015.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment 15% on net book value
Motor vehicles 25% on net book value

Intangible assets amortisation policy
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Tangible fixed assets

	£
Cost
At 1 April 2015	101,333
Additions	348
Disposals	(9,300)
Revaluations	-
Transfers	-
At 31 March 2016	92,381
Depreciation
At 1 April 2015	52,338
Charge for the year	9,533
On disposals	(6,994)
At 31 March 2016	54,877
Net book values
At 31 March 2016	37,504
At 31 March 2015	48,995

3Creditors

	2016 £	2015 £
Secured Debts	11,970	57,527

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2