Manchester Candle Company Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05800711 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

FOR

MANCHESTER CANDLE COMPANY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B Clementson

REGISTERED OFFICE:

The Manchester Group

Kenwood Road

North Reddish

Stockport

Cheshire

SK5 6PH

REGISTERED NUMBER:

05800711 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

Booth Street Chambers

Ashton-under-Lyne

Lancashire

OL6 7LQ

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

-

678

-

678

CURRENT ASSETS

Stocks

42,730

40,404

Debtors

185,165

124,510

Cash at bank

45,978

74,134

273,873

239,048

CREDITORS

Amounts falling due within one year

128,603

169,822

NET CURRENT ASSETS

145,270

69,226

TOTAL ASSETS LESS CURRENT LIABILITIES

145,270

69,904

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

145,170

69,804

SHAREHOLDERS' FUNDS

145,270

69,904

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 14 July 2014 and were signed by:

B Clementson - 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

The turnover shown in the profit and loss account represents amounts invoiced during the year,

exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of

work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term

contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over

the useful economic life of that asset as follows:

Goodwill

- 20% on cost

Website Development

- 33% on cost

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on cost

Office equipment

-

33% on cost

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

18,100

AMORTISATION

At 1 May 2013

and 30 April 2014

18,100

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

9,326

DEPRECIATION

At 1 May 2013

8,648

Charge for year

678

At 30 April 2014

9,326

NET BOOK VALUE

At 30 April 2014

-

At 30 April 2013

678

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares

1

100

100