Munday Long & Co Limited - Limited company - abbreviated

REGISTERED NUMBER: 04108613 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Munday Long & Co Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R J I Long FCA FCCA

REGISTERED OFFICE:

Alton House

66/68 High Street

Northwood

Middlesex

HA6 1BL

REGISTERED NUMBER:

04108613 (England and Wales)

FIXED ASSETS

Intangible assets

2

103,777

124,144

Tangible assets

3

1,426

2,362

105,203

126,506

CURRENT ASSETS

Debtors

242,681

264,345

Cash in hand

624

243,305

264,969

CREDITORS

Amounts falling due within one year

4

218,274

256,787

NET CURRENT ASSETS

25,031

8,182

TOTAL ASSETS LESS CURRENT
LIABILITIES

130,234

134,688

CREDITORS

Amounts falling due after more than one
year

120,000

NET ASSETS

10,234

14,688

CAPITAL AND RESERVES

Called up share capital

5

10,000

Profit and loss account

234

4,688

SHAREHOLDERS' FUNDS

10,234

14,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 15 January 2015 and were signed by:

R J I Long FCA FCCA - Director

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 work done, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of fifteen years.

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 cost

Computer equipment

-

Straight line over 3 years

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

305,500

AMORTISATION

At 1 May 2013

181,356

Amortisation for year

20,367

At 30 April 2014

201,723

NET BOOK VALUE

At 30 April 2014

103,777

At 30 April 2013

124,144

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

25,069

Additions

1,240

Disposals

(12,188

)

At 30 April 2014

14,121

DEPRECIATION

At 1 May 2013

22,707

Charge for year

2,176

Eliminated on disposal

(12,188

)

At 30 April 2014

12,695

NET BOOK VALUE

At 30 April 2014

1,426

At 30 April 2013

2,362

4.

CREDITORS

Creditors include an amount of £ 29,999 (30.4.13 - £ 34,043 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

10,000

Ordinary

£1

10,000

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

R J I Long has given the company's bankers, National Westminster Bank plc, a personal guarantee in respect of

the company's borrowing requirements.

Munday Long & Co Limited - Limited company - abbreviated - 11.6

Munday Long & Co Limited - Limited company - abbreviated - 11.6