Manchester Joinery & Interiors Limited - Limited company - abbreviated

REGISTERED NUMBER: 06859328 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Manchester Joinery & Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J Hargreaves

M P Lennon

SECRETARY:

S J Hargreaves

REGISTERED OFFICE:

Branson Street

Ancoats

Manchester

M40 7FJ

REGISTERED NUMBER:

06859328 (England and Wales)

ACCOUNTANTS:

Haywood & Co Ltd

1 Myrtle Street

Bolton

Lancashire

BL1 3AH

BANKERS:

Barclays Bank plc

51 Mosley Street

Manchester

M60 2BU

FIXED ASSETS

Intangible assets

2

1,250

1,500

Tangible assets

3

41,620

52,864

42,870

54,364

CURRENT ASSETS

Stocks

1,302

2,291

Debtors

169,863

90,749

Cash at bank and in hand

158,138

154,024

329,303

247,064

CREDITORS

Amounts falling due within one year

264,733

222,618

NET CURRENT ASSETS

64,570

24,446

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,440

78,810

CREDITORS

Amounts falling due after more than one
year

47,233

NET ASSETS

60,207

31,577

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

60,205

31,575

SHAREHOLDERS' FUNDS

60,207

31,577

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 July 2014 and were signed on its behalf by:

M P Lennon - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

2,500

AMORTISATION

At 1 April 2013

1,000

Amortisation for year

250

At 31 March 2014

1,250

NET BOOK VALUE

At 31 March 2014

1,250

At 31 March 2013

1,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

82,477

DEPRECIATION

At 1 April 2013

29,613

Charge for year

11,244

At 31 March 2014

40,857

NET BOOK VALUE

At 31 March 2014

41,620

At 31 March 2013

52,864

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

5.

CONTROL

The Company is controlled by its two directors and shareholders, S J Hargreaves and M P Lennon.

Manchester Joinery & Interiors Limited - Limited company - abbreviated - 11.6

Manchester Joinery & Interiors Limited - Limited company - abbreviated - 11.6