Munroes (Upholstery) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06960638 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2014

for

Munroes (Upholstery) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D L Munroe

SECRETARY:

R D Gregson

REGISTERED OFFICE:

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

REGISTERED NUMBER:

06960638 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

2

7,439

8,253

CURRENT ASSETS

Debtors

5,519

3,880

Cash at bank and in hand

12,444

5,691

17,963

9,571

CREDITORS

Amounts falling due within one year

4,350

3,940

NET CURRENT ASSETS

13,613

5,631

TOTAL ASSETS LESS CURRENT LIABILITIES

21,052

13,884

CREDITORS

Amounts falling due after more than one year

-

(5,000

)

PROVISIONS FOR LIABILITIES

(361

)

(276

)

NET ASSETS

20,691

8,608

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

20,690

8,607

SHAREHOLDERS' FUNDS

20,691

8,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 6 October 2014 and were signed by:

D L Munroe - 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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

11,656

Additions

500

At 31 July 2014

12,156

DEPRECIATION

At 1 August 2013

3,403

Charge for year

1,314

At 31 July 2014

4,717

NET BOOK VALUE

At 31 July 2014

7,439

At 31 July 2013

8,253

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/14

31/7/13

value:

£

£

1

Ordinary

1

1

1