REFRIGERATION (MITTON) LIMIT - Accounts 2014

REFRIGERATION (MITTON) LIMIT - Accounts 2014

REFRIGERATION (MITTON) LIMITED - Company Information

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2013-03-012014-02-282468944falsetruehttp://www.companieshouse.gov.uk/pt:PlantMachinery2013-02-28http://www.companieshouse.gov.uk/cd:Director12013-03-012014-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-03-012014-02-28http://www.companieshouse.gov.uk/pt:MotorCars2013-02-28http://www.companieshouse.gov.uk/pt:PlantMachinery2013-03-012014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22013-03-012014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-02-28http://www.companieshouse.gov.uk/pt:MotorCars2014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass22014-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-02-28http://www.companieshouse.gov.uk/pt:MotorCars2013-03-012014-02-28http://www.companieshouse.gov.uk/2012-02-292013-02-28http://www.companieshouse.gov.uk/2013-03-012014-02-28http://www.companieshouse.gov.uk/2013-02-28http://www.companieshouse.gov.uk/2014-02-28http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-03-012014-02-28http://www.companieshouse.gov.uk/2013-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 2468944
Refrigeration (Mitton) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
Prepared By:
N B Lancaster & Co
6 Brunswick Street
Carlisle
CA1 1PN

Refrigeration (Mitton) Limited
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 2468944

Refrigeration (Mitton) Limited
Registered Number: 2468944
BALANCE SHEET AT 28/02/2014
20142013
Notes££
FIXED ASSETS
Tangible assets247,80845,447
CURRENT ASSETS
Stock72,36683,122
Debtors (amounts falling due within one year)3418,719324,101
Cash at bank and in hand9,36421,395
500,449428,618
CREDITORS: Amounts falling due within one year338,572276,405
NET CURRENT ASSETS161,877152,213
TOTAL ASSETS LESS CURRENT LIABILITIES209,685197,660
CREDITORS: Amounts falling due after more than one year413,914-
NET ASSETS195,771197,660
CAPITAL AND RESERVES
Called up share capital5165,010165,000
Profit and loss account30,76132,660
SHAREHOLDERS' FUNDS195,771197,660
For the year ending 28/02/2014 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 20/11/2014 and signed on their behalf by
A D C Mitton
Director

Refrigeration (Mitton) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant, Machinery and Equipmentreducing balance 10%
Motor Vehiclesreducing balance 25%
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Refrigeration (Mitton) Limited
2. TANGIBLE FIXED ASSETS
Plant Machinery and
EquipmentMotor VehiclesTotal
£££
Cost
At 01/03/2013118,816116,526235,342
Additions9,140-9,140
At 28/02/2014127,956116,526244,482
Depreciation
At 01/03/201382,168107,727189,895
For the year4,5792,2006,779
At 28/02/201486,747109,927196,674
Net Book Amounts
At 28/02/201441,2096,59947,808
At 28/02/201336,6488,79945,447
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors247,295171,701
Other debtors171,424152,400
418,719324,101
Other debtors includes amount owing by holding company - £169,219, (2013 - £146,444)

Refrigeration (Mitton) Limited
4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20142013
££
Bank loans and overdrafts13,914-
13,914-
5. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
165000 "A" Ordinary shares of £1 each165000165000
10 "B" Ordinary shares of £1 each10
165,010165,000
6. TURNOVER
The turnover and pre-tax result is attributable to refrigeration engineers and distributors and suppliers of air-conditioning and refrigeration equipment.
20142013
££
Sales and work done - Sales department537,814588,683
Sales and work done - Service department708,348792,860
1,246,1621,381,543
7. TRANSACTIONS WITH DIRECTORS
Dividends of £4,825 were paid to the director A D C Mitton during the year.

Refrigeration (Mitton) Limited
8. CONTROLLING PARTY
Mitton Refrigeration Limited (a company controlled by Mrs W Mitton) is the ultimate holding company of Refrigeration (Mitton) Limited