Company Registration No. 06336003 (England and Wales)
M C SERVICES (DEVON) LTD
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
M C SERVICES (DEVON) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
M C SERVICES (DEVON) LTD
ABBREVIATED BALANCE SHEET
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
59,806
63,573
Current assets
Stocks
2,400
2,375
Debtors
227,923
213,988
Cash at bank and in hand
48,787
66,378
279,110
282,741
Creditors: amounts falling due within one year
(156,745)
(211,737)
Net current assets
122,365
71,004
Total assets less current liabilities
182,171
134,577
Creditors: amounts falling due after more than one year
(8,085)
(8,573)
174,086
126,004
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
173,986
125,904
Shareholders' funds
174,086
126,004
For the financial year ended 31 May 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 7 December 2015
Mr H R Griffiths
Director
Company Registration No. 06336003
M C SERVICES (DEVON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Leasehold
20% reducing balance
Plant and machinery
20% reducing balance
Office equipment
33% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 June 2014
148,618
Additions
28,431
Disposals
(20,000)
At 31 May 2015
157,049
Depreciation
At 1 June 2014
85,046
On disposals
(5,000)
Charge for the year
17,197
At 31 May 2015
97,243
Net book value
At 31 May 2015
59,806
At 31 May 2014
63,573
M C SERVICES (DEVON) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1 of £100 each
100
100