Abbreviated Company Accounts - MANLEY SUMMERS LIMITED

MANLEY SUMMERS LIMITED - Company Information

Registered Number 01959035

MANLEY SUMMERS LIMITED

Abbreviated Accounts

31 March 2014

MANLEY SUMMERS LIMITED Registered Number 01959035

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	24,000	30,000
Tangible assets	3	2,661	4,161
		26,661	34,161
Current assets
Debtors		122,632	90,640
Cash at bank and in hand		7,865	136,128
		130,497	226,768
Creditors: amounts falling due within one year		(118,482)	(248,158)
Net current assets (liabilities)		12,015	(21,390)
Total assets less current liabilities		38,676	12,771
Total net assets (liabilities)		38,676	12,771
Capital and reserves
Called up share capital		100	100
Profit and loss account		38,576	12,671
Shareholders' funds		38,676	12,771

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 9 December 2014

And signed on their behalf by:
S MADDOCK, Director

MANLEY SUMMERS LIMITED Registered Number 01959035

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 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Plant and machinery 15-25% straight line

Intangible assets amortisation policy
Goodwill is bring written off in equal annual instalments over its estimated economic life of 10 years

2Intangible fixed assets

	£
Cost
At 1 April 2013	117,500
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	117,500
Amortisation
At 1 April 2013	87,500
Charge for the year	6,000
On disposals	-
At 31 March 2014	93,500
Net book values
At 31 March 2014	24,000
At 31 March 2013	30,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	71,120
Additions	-
Disposals	(50,000)
Revaluations	-
Transfers	-
At 31 March 2014	21,120
Depreciation
At 1 April 2013	66,959
Charge for the year	1,500
On disposals	(50,000)
At 31 March 2014	18,459
Net book values
At 31 March 2014	2,661
At 31 March 2013	4,161