Abbreviated Company Accounts - A & R MUNSON LIMITED

A & R MUNSON LIMITED - Company Information

05120541 A & R MUNSON LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 05120541 2013-04-01 2014-03-31 05120541 2014-03-31 05120541 2013-03-31 05120541 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 05120541 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 iso4217:GBP shares

Registered Number 05120541

A & R MUNSON LIMITED

Abbreviated Accounts

31 March 2014

A & R MUNSON LIMITED Registered Number 05120541

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	3,500	14,000
Tangible assets	3	1,455	1,940
		4,955	15,940
Current assets
Stocks		1,910	3,523
Debtors		1,219	1,613
Cash at bank and in hand		25,157	8,788
		28,286	13,924
Creditors: amounts falling due within one year		(26,383)	(19,293)
Net current assets (liabilities)		1,903	(5,369)
Total assets less current liabilities		6,858	10,571
Total net assets (liabilities)		6,858	10,571
Capital and reserves
Called up share capital	4	20	20
Profit and loss account		6,838	10,551
Shareholders' funds		6,858	10,571

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 30 December 2014

And signed on their behalf by:
A Munson, Director

A & R MUNSON LIMITED Registered Number 05120541

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.

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 25% reducing balance

Valuation information and policy
Stocks
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
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."

2Intangible fixed assets

	£
Cost
At 1 April 2013	105,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	105,000
Amortisation
At 1 April 2013	91,000
Charge for the year	10,500
On disposals	-
At 31 March 2014	101,500
Net book values
At 31 March 2014	3,500
At 31 March 2013	14,000

3Tangible fixed assets

	£
Cost
At 1 April 2013	10,213
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,213
Depreciation
At 1 April 2013	8,273
Charge for the year	485
On disposals	-
At 31 March 2014	8,758
Net book values
At 31 March 2014	1,455
At 31 March 2013	1,940

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
20 Ordinary shares of £20 each	400	400