M.J. & A. Accountancy and Stocktaking Services Limited - Accounts

M.J. & A. Accountancy and Stocktaking Services Limited - Accounts

MJ & A ACCOUNTANCY AND STOCKTAKING SERVICES LIMITED - Company Information

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Registered number
05417932
M.J. & A. Accountancy and Stocktaking Services Limited
Report and Accounts
30 April 2014
M.J. & A. Accountancy and Stocktaking Services Limited
Registered number: 05417932
Directors' Report
The directors present their report and accounts for the year ended 30 April 2014.
Principal activities
The company's principal activity during the year continued to be …
Directors
The following persons served as directors during the year:
Ann Brierley
Michael Brierley
Andrew Foster
Political and charitable donations
Third party indemnity provisions
Acquisition of own shares
[Reason for purchase]. The details of the shares purchased are as follows:
Class of share Ordinary shares
Amount paid £0
Nominal value of shares £0
Number of shares 0
Percentage of class purchased 0.0%
Employment of disabled persons
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 4 December 2014 and signed on its behalf.
Ann Brierley
0
Director
M.J. & A. Accountancy and Stocktaking Services Limited
Profit and Loss Account
for the year ended 30 April 2014
Notes 2014
£
Turnover 2 312,958
Cost of sales -
Gross profit 312,958
Distribution costs -
Administrative expenses (300,533)
Other operating income -
Operating profit/(loss) 3 12,425
Exceptional items:
profit on the disposal of tangible fixed assets -
profit on the disposal of investments -
-
12,425
Income from investments -
Interest receivable -
Interest payable 4 -
Profit/(loss) on ordinary activities before taxation 12,425
Tax on profit/(loss) on ordinary activities 5 (6,275)
Profit/(loss) for the financial year 6,150
M.J. & A. Accountancy and Stocktaking Services Limited
Balance Sheet
as at 30 April 2014
Notes 2014
£
Fixed assets
Intangible assets 6 -
Tangible assets 7 1,536
Investments 8 -
1,536
Current assets
Stocks -
Debtors 9 -
Investments held as current assets 10 -
Cash at bank and in hand 185,473
185,473
Creditors: amounts falling due within one year 11 (178,698)
Net current assets 6,775
Total assets less current liabilities 8,311
Creditors: amounts falling due after more than one year 12 -
Provisions for liabilities 14 -
Net assets 8,311
Capital and reserves
Called up share capital 15 -
Share premium 16 -
Revaluation reserve 17 -
Capital redemption reserve 18 -
Profit and loss account 19 8,311
Shareholders' funds 8,311
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Ann Brierley
Director
Approved by the board on 4 December 2014
M.J. & A. Accountancy and Stocktaking Services Limited
Notes to the Accounts
for the year ended 30 April 2014
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
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.
2 Turnover 2014
Turnover attributable to geographical markets outside the UK 0.0%
3 Operating profit 2014
£
This is stated after charging:
Depreciation of owned fixed assets -
Depreciation of assets held under finance leases and hire purchase contracts -
Amortisation of goodwill -
Directors' remuneration -
Compensation to past directors for loss of office -
Pension costs -
Auditors' remuneration -
Exceptional costs associated with introducing the Euro -
Number of directors to whom benefits accrued under money purchase pension schemes -
4 Interest payable 2014
£
Interest payable -
Non-equity dividends -
-
5 Taxation 2014
£
UK corporation tax 6,275
Deferred tax -
6,275
6 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2013 -
Additions -
Disposals -
At 30 April 2014 -
Amortisation
At 1 May 2013 -
Provided during the year -
On disposals -
At 30 April 2014 -
Net book value
At 30 April 2014 -
At 30 April 2013 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
7 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2013 - 1,536 - 1,536
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 April 2014 - 1,536 - 1,536
Depreciation
At 1 May 2013 - - - -
Charge for the year - - - -
Surplus on revaluation - - - -
On disposals - - - -
At 30 April 2014 - - - -
Net book value
At 30 April 2014 - 1,536 - 1,536
At 30 April 2013 - 1,536 - 1,536
Freehold land and buildings: 2014
£
Historical cost -
Cumulative depreciation based on historical cost -
2014
£
Net book value of plant, machinery and vehicles included above held under finance leases and hire purchase contracts -
8 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 May 2013 - - -
Additions - - -
Disposals - - -
At 30 April 2014 - - -
The company holds 20% or more of the share capital of the following companies:
Capital and Profit (loss)
Company Shares held reserves for the year
Class % £ £
[Company name 1] Ordinary - - -
[Company name 2] Ordinary - - -
[Company name 3] Ordinary - - -
[Company name 4] Ordinary - - -
Other investments 2014
£
Listed investments -
Unlisted investments -
-
Listed investments at market value -
9 Debtors 2014
£
Trade debtors -
Amounts owed by group undertakings and undertakings in which the company has a participating interest -
Deferred tax asset (see note 14) -
Other debtors -
-
Amounts due after more than one year included above -
10 Investments held as current assets 2014
£
Listed investments -
Unlisted investments -
-
Listed investments at market value -
11 Creditors: amounts falling due within one year 2014
£
Non-equity preference shares -
Bank loans and overdrafts -
Obligations under finance lease and hire purchase contracts -
Trade creditors -
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
Corporation tax -
Other taxes and social security costs 178,697
Other creditors 1
178,698
12 Creditors: amounts falling due after one year 2014
£
Non-equity preference shares -
Bank loans -
Obligations under finance lease and hire purchase contracts -
Trade creditors -
Amounts owed to group undertakings and undertakings in which the company has a participating interest -
Other creditors -
-
13 Loans 2014
£
Creditors include:
Amounts falling due for payment after more than five years -
Secured bank loans -
14 Provisions for liabilities
Deferred taxation: 2014
£
Accelerated capital allowances -
Tax losses carried forward -
-
2014
£
At 1 May -
Deferred tax charge in profit and loss account -
At 30 April -
15 Share capital Nominal 2014 2014
value Number £
Allotted, called up and fully paid:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
Nominal Number Amount
value £
Shares issued during the period:
Ordinary shares £1 each - -
B Ordinary shares £1 each - -
-
? Preference shares £1 each - -
-
16 Share premium 2014
£
At 1 May 2013 -
Shares issued -
Expenses of issue -
At 30 April 2014 -
17 Revaluation reserve 2014
£
At 1 May 2013 -
Arising on revaluation during the year -
At 30 April 2014 -
18 Capital redemption reserve 2014
£
At 1 May 2013 -
Transfer from the profit and loss account -
At 30 April 2014 -
19 Profit and loss account 2014
£
At 1 May 2013 2,161
Prior year adjustments -
At 1 May 2013 2,161
Profit for the year 6,150
Dividends -
Transfer to capital redemption reserve -
At 30 April 2014 8,311
20 Dividends 2014
£
Dividends for which the company became liable during the year:
Dividends paid -
Dividends not paid -
-
Analysis of dividends by type:
Non-equity dividends (note 4) -
Equity dividends (note 19) -
-
Dividends proposed after the balance sheet date -
21 Post balance sheet events
22 Capital commitments 2014
£
Amounts contracted for but not provided in the accounts -
23 Pension commitments
24 Other financial commitments 2014
£
At the year end the company had annual commitments under non-cancellable operating leases as set out below:
Operating leases which expire:
within one year -
within two to five years -
in over five years -
-
25 Contingent liabilities
26 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Ann Brierley
[Loan 1] - - - -
[Loan 2] - - - -
Michael Brierley
[Loan 1] - - - -
[Loan 2] - - - -
Andrew Foster
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
0
[Loan 1] - - - -
[Loan 2] - - - -
- - - -
27 Guarantees made by the company on behalf of directors
Description and terms Maximum Amount paid
liability and incurred
£ £
Ann Brierley
[Guarantee 1] - -
[Guarantee 2] - -
Michael Brierley
[Guarantee 1] - -
[Guarantee 2] - -
Andrew Foster
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
0
[Guarantee 1] - -
[Guarantee 2] - -
- -
28 Related party transactions 2014
£
[Name of related party 1]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 2]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 3]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 4]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 5]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 6]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 7]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 8]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
[Name of related party 9]
[Description of relationship]
[Description of transaction and amounts involved]
[Amount due from (to) the related party] -
[Provision for doubtful debt due from related party] -
[Amounts written off in the period] -
29 Ultimate controlling party
M.J. & A. Accountancy and Stocktaking Services Limited
Detailed profit and loss account
for the year ended 30 April 2014
2014
£
Sales 312,958
Cost of sales -
Gross profit 312,958
Distribution costs -
Administrative expenses (300,533)
Other operating income -
Operating profit/(loss) 12,425
Exceptional items -
Income from investments -
Interest receivable -
Interest payable -
Profit/(loss) before tax 12,425
M.J. & A. Accountancy and Stocktaking Services Limited
Detailed profit and loss account
for the year ended 30 April 2014
2014
£
Sales
Sales 312,958
312,958
Cost of sales
Purchases -
Decrease in stocks -
Subcontractor costs -
Direct labour -
Carriage -
Discounts allowed -
Commissions payable -
Other direct costs -
-
Distribution costs
Distribution costs -
-
Administrative expenses
Employee costs:
Wages and salaries 122,564
Directors' salaries -
Pensions -
Bonuses -
Employer's NI -
Temporary staff and recruitment -
Staff training and welfare 1,821
Travel and subsistence 8,530
Motor expenses 8,027
Entertaining -
140,942
Premises costs:
Rent 14,719
Rates 8,273
Service charges 691
Light and heat 4,781
Cleaning 49
Use of home -
28,513
General administrative expenses:
Telephone and fax 3,918
Postage 3,116
Stationery and printing 3,567
Courier services -
Information and publications -
Subscriptions -
Bank charges 825
Insurance 1,230
Equipment expensed -
Equipment hire 2,841
Software 1,001
Repairs and maintenance 7,455
Depreciation -
Amortisation of goodwill -
Bad debts -
Sundry expenses -
23,953
Legal and professional costs:
Audit fees -
Accountancy fees -
Solicitors fees -
Consultancy fees 104,400
Management fees -
Advertising and PR 2,630
Other legal and professional 95
107,125
300,533
Other operating income
Other operating income -
-
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