M R Developments Limited - Period Ending 2016-04-30

Registration number: 05428125

M R Developments Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

M R Developments Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

M R Developments Limited (Registration number: 05428125)
Abbreviated Balance Sheet at 30 April 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					7,316			9,511
Current assets
Stocks					-			115,500
Debtors					1,008			995
Cash at bank and in hand					204,011			25,116
					205,019			141,611
Creditors: Amounts falling due within one year					(91,365)			(105,320)
Net current assets					113,654			36,291
Total assets less current liabilities					120,970			45,802
Creditors: Amounts falling due after more than one year					(70,000)			-
Net assets					50,970			45,802
Capital and reserves
Called up share capital		3			300			300
Profit and loss account					50,670			45,502
Shareholders' funds					50,970			45,802

For the year ending 30 April 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 24 January 2017 and signed on its behalf by:

......................................... Mrs D Royle Director

......................................... Mr M I Royle Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

M R Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and Machinery	15% reducing balance basis
Motor Vehicles	25% reducing balance basis
Office Equipment	20% reducing balance basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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M R Developments Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 May 2015		36,220			36,220
At 30 April 2016		36,220			36,220
Depreciation
At 1 May 2015		26,709			26,709
Charge for the year		2,195			2,195
At 30 April 2016		28,904			28,904
Net book value
At 30 April 2016		7,316			7,316
At 30 April 2015		9,511			9,511

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
A Ordinary Shares of £1 each		300			300			300			300

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