REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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MOLONEY AUTOMATICS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2015 |
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FOR |
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MOLONEY AUTOMATICS LIMITED |
MOLONEY AUTOMATICS LIMITED (REGISTERED NUMBER: 04127870) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 DECEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MOLONEY AUTOMATICS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 DECEMBER 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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BANKERS: |
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MOLONEY AUTOMATICS LIMITED (REGISTERED NUMBER: 04127870) |
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ABBREVIATED BALANCE SHEET |
31 DECEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than
one year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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MOLONEY AUTOMATICS LIMITED (REGISTERED NUMBER: 04127870) |
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ABBREVIATED BALANCE SHEET - continued |
31 DECEMBER 2015 |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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MOLONEY AUTOMATICS LIMITED (REGISTERED NUMBER: 04127870) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 DECEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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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 January |
2015). |
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Turnover |
Turnover comprises revenue recognised by the company in respect of goods and services |
supplied, exclusive of Value Added Tax and trade discounts. |
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Tangible fixed assets |
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Workshop | - |
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Machines | - |
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Motor vehicles | - |
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Equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Deferred tax |
Full provision is made for deferred tax assets and liabilities arising from all timing differences |
between the recognition of gains and losses in the financial statements and the tax |
computation. |
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A net deferred tax asset is recognised only if it can be regarded as more likely than not that |
there will be suitable taxable profits from which the future reversal of the underlying timing |
differences can be deducted. |
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Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at |
the point that the timing differences are expected to reverse. |
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Deferred tax assets and liabilities are not discounted. |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the |
balance sheet. Those held under hire purchase contracts are depreciated over their |
estimated useful lives. Those held under finance leases are depreciated over their |
estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the |
relevant period. The capital element of the future payments is treated as a liability. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to the profit and loss account in the period to which |
they relate. |
MOLONEY AUTOMATICS LIMITED (REGISTERED NUMBER: 04127870) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 DECEMBER 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
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Additions |
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Disposals | ( |
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At 31 December 2015 |
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DEPRECIATION |
At 1 January 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 December 2015 |
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NET BOOK VALUE |
At 31 December 2015 |
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At 31 December 2014 |
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3. | CREDITORS |
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Creditors include an amount of £
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given. |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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