Materials Handling Consultants Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08575208 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

MATERIALS HANDLING CONSULTANTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S Jarrett

REGISTERED OFFICE:

Brewery House

84 High Street

Newport Pagnell

Buckinghamshire

MK16 8AQ

REGISTERED NUMBER:

08575208 (England and Wales)

ACCOUNTANTS:

Novakovic & Co

27 St. Cuthberts Street

Bedford

Bedfordshire

MK40 3JG

FIXED ASSETS

Tangible assets

2

608,496

44,091

CURRENT ASSETS

Stocks

152,800

15,000

Debtors

176,968

130,033

Cash at bank

20,637

-

350,405

145,033

CREDITORS

Amounts falling due within one year

280,271

186,397

NET CURRENT ASSETS/(LIABILITIES)

70,134

(41,364

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

678,630

2,727

CREDITORS

Amounts falling due after more than one
year

3

648,750

-

NET ASSETS

29,880

2,727

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

29,780

2,627

SHAREHOLDERS' FUNDS

29,880

2,727

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 30 June 2017 and were signed by:

S Jarrett - 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 January 2015).

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

-

20% on cost

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer 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.

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 July 2015

61,852

Additions

654,996

At 30 June 2016

716,848

DEPRECIATION

At 1 July 2015

17,761

Charge for year

90,591

At 30 June 2016

108,352

NET BOOK VALUE

At 30 June 2016

608,496

At 30 June 2015

44,091

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable otherwise than by instalments

648,750

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100