MST Architectural Services Limited - Period Ending 2014-03-31

Registration number: 05264994

MST Architectural Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Flemmings Chartered Accountants
76 Canterbury Road
Croydon
Surrey
CR0 3HA

MST Architectural Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

MST Architectural Services Limited
(Registration number: 05264994)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014						2013
	£			£			£			£
Fixed assets
Tangible fixed assets								412						-
Current assets
Debtors					6,804						6,363
Cash at bank and in hand					2,357						2,003
					9,161						8,366
Creditors: Amounts falling due within one year					(8,392)						(6,002)
Net current assets								769						2,364
Total assets less current liabilities								1,181						2,364
Provisions for liabilities								(82)						-
Net assets								1,099						2,364
Capital and reserves
Called up share capital		3			100						100
Profit and loss account					999						2,264
Shareholders' funds								1,099						2,364

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 22 December 2014 and signed on its behalf by:

.........................................
Mr M Tadman
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

MST Architectural Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

The turnover shown in the proft and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. In respect of long-term contracts and contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for for ongoing services is recognised by reference to the stage of completion.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures & Fittings	25% Straight Line

Fixed asset investments

All fixed assets are initially recorded at cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions: - Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold. - Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Page 2

MST Architectural Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		1,152			1,152
Additions		550			550
At 31 March 2014		1,702			1,702
Depreciation
At 1 April 2013		1,152			1,152
Charge for the year		138			138
At 31 March 2014		1,290			1,290
Net book value
At 31 March 2014		412			412
At 31 March 2013		-			-

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
100 Ordinary shares of £1 each		100			100			100			100

Page 3