Mellors of Challow Ltd - Limited company - abbreviated - 11.6

Mellors of Challow Ltd - Limited company - abbreviated - 11.6

MELLORS OF CHALLOW LIMITED - Company Information

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REGISTERED NUMBER: 00794527 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

MELLORS OF CHALLOW LTD

MELLORS OF CHALLOW LTD (REGISTERED NUMBER: 00794527)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2014




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

MELLORS OF CHALLOW LTD (REGISTERED NUMBER: 00794527)

ABBREVIATED BALANCE SHEET
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 194,317 201,773
Investment property 3 165,000 165,000
359,317 366,773

CURRENT ASSETS
Stocks 145,070 152,925
Debtors 80,268 86,443
Cash at bank and in hand 425,088 375,615
650,426 614,983
CREDITORS
Amounts falling due within one year 45,783 43,112
NET CURRENT ASSETS 604,643 571,871
TOTAL ASSETS LESS CURRENT
LIABILITIES
963,960
938,644

CAPITAL AND RESERVES
Called up share capital 4 2,000 2,000
Profit and Loss Account 961,960 936,644
SHAREHOLDERS' FUNDS 963,960 938,644

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 18 December 2014 and were signed on
its behalf by:





Mrs M Phillips - Director


The notes form part of these abbreviated accounts

Page 1
MELLORS OF CHALLOW LTD (REGISTERED NUMBER: 00794527)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller
Entities (effective April 2008).

Turnover
The turnover represents net invoiced sales of goods and services, 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.

Freehold property - 2% on cost
Short leasehold - 5% on cost
Plant and machinery - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from
changes in market value is transferred to a revaluation reserve.

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 April 2013
and 31 March 2014 420,697
DEPRECIATION
At 1 April 2013 218,924
Charge for year 7,456
At 31 March 2014 226,380
NET BOOK VALUE
At 31 March 2014 194,317
At 31 March 2013 201,773

Page 2 continued...
MELLORS OF CHALLOW LTD (REGISTERED NUMBER: 00794527)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 31 March 2014

3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 April 2013
and 31 March 2014 165,000
NET BOOK VALUE
At 31 March 2014 165,000
At 31 March 2013 165,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2,000 Ordinary £1 2,000 2,000

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and
31 March 2013:

2014 2013
£    £   
Mrs M Phillips
Balance outstanding at start of year 2,500 -
Amounts advanced - 2,500
Amounts repaid (2,500 ) -
Balance outstanding at end of year - 2,500

Page 3