Machinery Lanka Ltd - Limited company - abbreviated

REGISTERED NUMBER: 07513759 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

MACHINERY LANKA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

E Jayawansa

Mrs M Perera

SECRETARY:

E Jayawansa

REGISTERED OFFICE:

64 Capital East

21 Western Gateway

London

E16 1AS

REGISTERED NUMBER:

07513759 (England and Wales)

ACCOUNTANTS:

Hadleys & Co.

Chartered Accountants &

Registered Auditors

8th Floor, Anchorage House

2 Clove Crescent

London

E14 2BE

FIXED ASSETS

Tangible assets

2

2,489

2,543

CURRENT ASSETS

Stocks

28,188

37,096

Debtors

107,673

666

Cash at bank

15,683

50,121

151,544

87,883

CREDITORS

Amounts falling due within one year

(126,100

)

(73,050

)

NET CURRENT ASSETS

25,444

14,833

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,933

17,376

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

27,931

17,374

SHAREHOLDERS' FUNDS

27,933

17,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 28 November 2014 and were signed on its behalf
by:

E Jayawansa - 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 etc

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

3,769

Additions

2,410

At 28 February 2014

6,179

DEPRECIATION

At 1 March 2013

1,226

Charge for year

2,464

At 28 February 2014

3,690

NET BOOK VALUE

At 28 February 2014

2,489

At 28 February 2013

2,543

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

1

2

Machinery Lanka Ltd - Limited company - abbreviated - 11.6

Machinery Lanka Ltd - Limited company - abbreviated - 11.6