MN Systems and Design Limited - Limited company - abbreviated - 11.6

MN Systems and Design Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 05055270 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

MN SYSTEMS AND DESIGN LIMITED

MN SYSTEMS AND DESIGN LIMITED (REGISTERED NUMBER: 05055270)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 31 March 2014










Page

Company Information 1

Chartered Accountants' Report 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

MN SYSTEMS AND DESIGN LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2014







DIRECTOR: Mr M Howarth





SECRETARY: Mrs M Howarth





REGISTERED OFFICE: 10 Rowan Drive
Milton Keynes
Buckinghamshire
MK19 7AH





BUSINESS ADDRESS: 10 Rowan Drive
Haversham
Milton Keynes
Buckinghamshire
MK19 7AH





REGISTERED NUMBER: 05055270 (England and Wales)





ACCOUNTANTS: 1st Accounting & Consulting Limited
Chartered Accountants
1st Group
Bow Court
Coventry
CV5 6SP

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MN SYSTEMS AND DESIGN LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited
financial statements, from which the unaudited abbreviated accounts (set out on pages three to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of MN Systems and Design Limited for the year ended 31 March 2014 which comprise the Profit and Loss Account, the
Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given
us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical
and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of MN Systems and Design Limited in accordance with our terms of engagement. Our work
has been undertaken solely to prepare for your approval the financial statements of MN Systems and Design Limited and state those
matters that we have agreed to state to the director of MN Systems and Design Limited in this report in accordance with AAF 2/10 as
detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the company and its director for our work or for this report.

It is your duty to ensure that MN Systems and Design Limited has kept adequate accounting records and to prepare statutory
financial statements that give a true and fair view of the assets, liabilities, financial position and loss of MN Systems and Design
Limited. You consider that MN Systems and Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of MN Systems and Design Limited. For this
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory financial statements.






1st Accounting & Consulting Limited
Chartered Accountants
1st Group
Bow Court
Coventry
CV5 6SP


12 November 2014

MN SYSTEMS AND DESIGN LIMITED (REGISTERED NUMBER: 05055270)

ABBREVIATED BALANCE SHEET
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,222 2,582

CURRENT ASSETS
Stocks - 7,270
Cash at bank 34,419 27,113
34,419 34,383
CREDITORS
Amounts falling due within one year 33,118 33,081
NET CURRENT ASSETS 1,301 1,302
TOTAL ASSETS LESS CURRENT LIABILITIES 3,523 3,884

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 3,522 3,883
SHAREHOLDERS' FUNDS 3,523 3,884

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 director acknowledges his 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 director on 12 November 2014 and were signed by:





Mr M Howarth - Director


MN SYSTEMS AND DESIGN LIMITED (REGISTERED NUMBER: 05055270)

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 and in accordance with the Financial
Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of 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.

Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 7,865
Additions 380
At 31 March 2014 8,245
DEPRECIATION
At 1 April 2013 5,283
Charge for year 740
At 31 March 2014 6,023
NET BOOK VALUE
At 31 March 2014 2,222
At 31 March 2013 2,582

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
1 Ordinary £1 1 1