Registered Number 06595070

M & M DESIGN & METALWORK LIMITED

Abbreviated Accounts

31 May 2016

M & M DESIGN & METALWORK LIMITED Registered Number 06595070

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 46,261 2,850
46,261 2,850
Current assets
Stocks 4,900 4,620
Debtors 82,862 83,837
Cash at bank and in hand 12,097 31,412
99,859 119,869
Creditors: amounts falling due within one year (76,477) (74,859)
Net current assets (liabilities) 23,382 45,010
Total assets less current liabilities 69,643 47,860
Creditors: amounts falling due after more than one year (27,848) -
Total net assets (liabilities) 41,795 47,860
Capital and reserves
Called up share capital 4 3
Profit and loss account 41,791 47,857
Shareholders' funds 41,795 47,860
  • For the year ending 31 May 2016 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 19 December 2016

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 2016

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance

Other accounting policies
Operating leases. Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Stocks. Stock is valued at the lower of cost and net realisable value.

Pensions. The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2 Tangible fixed assets
£
Cost
At 1 June 2015 61,038
Additions 58,763
Disposals -
Revaluations -
Transfers -
At 31 May 2016 119,801
Depreciation
At 1 June 2015 58,188
Charge for the year 15,352
On disposals -
At 31 May 2016 73,540
Net book values
At 31 May 2016 46,261
At 31 May 2015 2,850

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