Abbreviated Company Accounts - P.J. MULVANEY & CO. LIMITED

P.J. MULVANEY & CO. LIMITED - Company Information

00980587 P.J. MULVANEY & CO. LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 00980587 2013-04-01 2014-03-31 00980587 2014-03-31 00980587 2013-03-31 00980587 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 00980587 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 00980587

P.J. MULVANEY & CO. LIMITED

Abbreviated Accounts

31 March 2014

P.J. MULVANEY & CO. LIMITED Registered Number 00980587

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	79,100	79,100
		79,100	79,100
Current assets
Cash at bank and in hand		235	4,692
		235	4,692
Creditors: amounts falling due within one year		(72,871)	(73,509)
Net current assets (liabilities)		(72,636)	(68,817)
Total assets less current liabilities		6,464	10,283
Total net assets (liabilities)		6,464	10,283
Capital and reserves
Called up share capital	3	25,000	25,000
Profit and loss account		(18,536)	(14,717)
Shareholders' funds		6,464	10,283

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 31 December 2014

And signed on their behalf by:
Ms M C Mulvaney, Director

P.J. MULVANEY & CO. LIMITED Registered Number 00980587

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 total income earned during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land & Buildings - Nil
Fixtures, fittings and equipment - 25% Reducing balance method

Land and property is not depreciated as in the director's opinion its market value is higher than the book value shown in the accounts.

Other accounting policies
Deferred taxation: - No provision is made in the accounts for deferred tax liability as in the director's opinion, no material tax liability is likely to arise in the foreseeable future, due to the reversal of timing differences.

2Tangible fixed assets

	£
Cost
At 1 April 2013	91,648
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	91,648
Depreciation
At 1 April 2013	12,548
Charge for the year	-
On disposals	-
At 31 March 2014	12,548
Net book values
At 31 March 2014	79,100
At 31 March 2013	79,100

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
25,000 Ordinary shares of £1 each	25,000	25,000