MULTIFUEL_COOKING_&_HEATI - Accounts

MULTIFUEL COOKING & HEATING LIMITED - Company Information

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Company Registration No. 4659714 (England and Wales)

MULTIFUEL COOKING & HEATING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

MULTIFUEL COOKING & HEATING LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MULTIFUEL COOKING & HEATING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

8,875

10,500

Tangible assets

9,160

1,331

18,035

11,831

Current assets

Stocks

500

Debtors

3,629

1,363

Cash at bank and in hand

223

423

4,352

2,286

Creditors: amounts falling due within one year

(14,224)

(14,048)

Net current liabilities

(9,872)

(11,762)

Total assets less current liabilities

8,163

Creditors: amounts falling due after more than one year

(6,208)

Provisions for liabilities

(1,832)

123

Capital and reserves

Called up share capital

Profit and loss account

121

Shareholders' funds

123

MULTIFUEL COOKING & HEATING LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 12 December 2016

Mr N Bishop

Director

Company Registration No. 4659714

MULTIFUEL COOKING & HEATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

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).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

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:

Plant and machinery

25% reducing balance

Computer equipment

25% reducing balance

Motor vehicles

25% reducing balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

MULTIFUEL COOKING & HEATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

30,000

22,054

52,054

Additions

11,750

Disposals

(15,383)

At 31 March 2016

30,000

18,421

48,421

Depreciation

At 1 April 2015

19,500

20,723

40,223

On disposals

(14,516)

Charge for the year

1,625

3,054

4,679

At 31 March 2016

21,125

9,261

30,386

Net book value

At 31 March 2016

8,875

9,160

18,035

At 31 March 2015

10,500

1,331

11,831

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each

Related party relationships and transactions

The following advances to the Director subsisted during the year under review:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr N Bishop

1,363

460

1,363

460

1,363

460

1,363

460

The company was under the control of Mr N Bishop throughout the period.

Mr Bishop is the Managing Director and majority shareholder.