Registered Number 06595070

M & M DESIGN & METALWORK LIMITED

Abbreviated Accounts

31 May 2014

M & M DESIGN & METALWORK LIMITED Registered Number 06595070

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,109 2,812
2,109 2,812
Current assets
Stocks 4,750 4,400
Debtors 67,568 90,780
Cash at bank and in hand 37,519 2,000
109,837 97,180
Creditors: amounts falling due within one year (81,166) (99,989)
Net current assets (liabilities) 28,671 (2,809)
Total assets less current liabilities 30,780 3
Total net assets (liabilities) 30,780 3
Capital and reserves
Called up share capital 3 3
Profit and loss account 30,777 -
Shareholders' funds 30,780 3
  • For the year ending 31 May 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 18 August 2014

And signed on their behalf by:
Matthew Harris, Director

M & M DESIGN & METALWORK LIMITED Registered Number 06595070

Notes to the Abbreviated Accounts for the period ended 31 May 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 invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

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: Plant and machinery 25% reducing balance. Fixtures, fittings and equipment 25% reducing balance.

Other accounting policies
Leasing and hire purchase commitments. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Oblgations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.
Stock. Stock is valued at the lower of cost and net realisable value.
Pensions. The pension costs charged in the financial statements represent the contribution payable by the company during the year.

2 Tangible fixed assets
£
Cost
At 1 June 2013 57,505
Additions 1,840
Disposals -
Revaluations -
Transfers -
At 31 May 2014 59,345
Depreciation
At 1 June 2013 54,693
Charge for the year 2,543
On disposals -
At 31 May 2014 57,236
Net book values
At 31 May 2014 2,109
At 31 May 2013 2,812

3Transactions with directors

Name of director receiving advance or credit: Robert Petty
Description of the transaction: Advances to Director
Balance at 1 June 2013: £ 1,561
Advances or credits made: -
Advances or credits repaid: £ 1,561
Balance at 31 May 2014: £ 0
Name of director receiving advance or credit: Martin Grearson
Description of the transaction: Advances to Director
Balance at 1 June 2013: £ 1,716
Advances or credits made: -
Advances or credits repaid: £ 1,716
Balance at 31 May 2014: £ 0
Name of director receiving advance or credit: Matthew Harris
Description of the transaction: Advances to Director
Balance at 1 June 2013: £ 1,715
Advances or credits made: -
Advances or credits repaid: £ 1,715
Balance at 31 May 2014: £ 0


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