Abbreviated Company Accounts - MAYDAY SEALS AND BEARINGS LIMITED

Abbreviated Company Accounts - MAYDAY SEALS AND BEARINGS LIMITED

KATE DORMANT COMPANY LIMITED - Company Information

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Registered Number 05997406

MAYDAY SEALS AND BEARINGS LIMITED

Abbreviated Accounts

31 March 2014

MAYDAY SEALS AND BEARINGS LIMITED Registered Number 05997406

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 44,837 48,281
Tangible assets 3 5,524 6,352
50,361 54,633
Current assets
Stocks 14,283 8,472
Debtors 21,872 22,596
Cash at bank and in hand 634 1,768
36,789 32,836
Creditors: amounts falling due within one year (58,070) (57,990)
Net current assets (liabilities) (21,281) (25,154)
Total assets less current liabilities 29,080 29,479
Creditors: amounts falling due after more than one year (15,236) (17,249)
Total net assets (liabilities) 13,844 12,230
Capital and reserves
Called up share capital 205 205
Profit and loss account 13,639 12,025
Shareholders' funds 13,844 12,230
  • For the year ending 31 March 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 14 October 2014

And signed on their behalf by:
Mrs K Bridgen-Page, Director

MAYDAY SEALS AND BEARINGS LIMITED Registered Number 05997406

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Plant and Machinery depreciation: 33% straight line
Office equipment depreciation: 33% straight line
Motor cars depreciation: 25% straight line

Intangible assets amortisation policy
Goodwill Amortisation: 5% on cost
Set up costs amortisation: 5% on cost

2Intangible fixed assets
£
Cost
At 1 April 2013 68,962
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 68,962
Amortisation
At 1 April 2013 20,681
Charge for the year 3,444
On disposals -
At 31 March 2014 24,125
Net book values
At 31 March 2014 44,837
At 31 March 2013 48,281
3Tangible fixed assets
£
Cost
At 1 April 2013 9,816
Additions 54
Disposals -
Revaluations -
Transfers -
At 31 March 2014 9,870
Depreciation
At 1 April 2013 3,464
Charge for the year 882
On disposals -
At 31 March 2014 4,346
Net book values
At 31 March 2014 5,524
At 31 March 2013 6,352