M&M Refrigeration Ltd - Period Ending 2016-08-31
M&M Refrigeration Ltd - Period Ending 2016-08-31
Registration number:
for the period from
M&M Refrigeration Ltd
Contents
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Accountants' Report |
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Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.
Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
M&M Refrigeration Ltd
for the Period Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of M&M Refrigeration Ltd for the period ended 31 August 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of M&M Refrigeration Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of M&M Refrigeration Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than M&M Refrigeration Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that M&M Refrigeration Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of M&M Refrigeration Ltd. You consider that M&M Refrigeration Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of M&M Refrigeration Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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G P Boyle & Company Ltd
Old Fire Station
Cecil Street
Newry
Co. Down
BT35 6AU
24 May 2017
M&M Refrigeration Ltd
(Registration number: NI633287)
Abbreviated Balance Sheet as at 31 August 2016
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Note |
31 August 2016 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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For the period ending 31 August 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 director on
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Mr Sean Mallon
Company secretary and director
M&M Refrigeration Ltd
Notes to the Abbreviated Accounts
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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.
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.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
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:
Depreciation rates
Hire purchase and leasing
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
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Fixed assets |
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Tangible assets |
Total |
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Cost |
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Additions |
115,872 |
115,872 |
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At 31 August 2016 |
115,872 |
115,872 |
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Depreciation |
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Charge for the year |
20,856 |
20,856 |
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At 31 August 2016 |
20,856 |
20,856 |
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Net book value |
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At 31 August 2016 |
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M&M Refrigeration Ltd
Notes to the Abbreviated Accounts
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Share capital |
Allotted, called up and fully paid shares
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31 August 2016 |
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No. |
£ |
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1 |
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Control |
The director is the controlling party by virtue of his controlling shareholding in the company.