Registered number
05136214
Mabway Limited
Abbreviated Accounts
30 September 2013
Mabway Limited
Registered number: 05136214
Abbreviated Balance Sheet
as at 30 September 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 89,497 78,782
Current assets
Debtors 234,925 396,534
Cash at bank and in hand 1,560,988 164,015
1,795,913 560,549
Creditors: amounts falling due within one year (1,118,891) (552,408)
Net current assets 677,022 8,141
Total assets less current liabilities 766,519 86,923
Creditors: amounts falling due after more than one year (29,769) (21,689)
Provisions for liabilities (2,005) -
Net assets 734,745 65,234
Capital and reserves
Called up share capital 3 999 291
Profit and loss account 733,746 64,943
Shareholders' funds 734,745 65,234
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
……………………………………
Mrs A T O'Reilly
Director
Approved by the board on 6 February 2014
Mabway Limited
Notes to the Abbreviated Accounts
for the year ended 30 September 2013
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Any income invoiced in the period in respect of services to be provided to customers in future accounting periods, is deferred to the extent that it would be repayable if those services were not provided.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20-33% straight line
Motor vehicles 25% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
Cost
At 1 October 2012 196,411
Additions 88,003
Disposals (58,555)
At 30 September 2013 225,859
Depreciation
At 1 October 2012 117,629
Charge for the year 33,029
On disposals (14,296)
At 30 September 2013 136,362
Net book value
At 30 September 2013 89,497
At 30 September 2012 78,782
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 145 849 145
A', 'B', 'C', 'D', 'E', 'F', 'G' & 'H' ordinary shares £1 each 146 150 146
999 291
Mabway Limited 05136214 false true 2012-10-01 2013-09-30 2013-09-30 Mrs A T O'Reilly 05136214 2012-09-29 05136214 uk-bus:OrdinaryShareClass1 2012-09-29 05136214 uk-bus:OrdinaryShareClass2 2012-09-29 05136214 uk-bus:AllOrdinaryShares 2012-09-29 05136214 2012-10-01 2013-09-30 05136214 uk-bus:Director40 2012-10-01 2013-09-30 05136214 uk-gaap:PlantMachinery 2012-10-01 2013-09-30 05136214 uk-gaap:MotorVehicles 2012-10-01 2013-09-30 05136214 uk-bus:OrdinaryShareClass1 2012-10-01 2013-09-30 05136214 uk-bus:OrdinaryShareClass2 2012-10-01 2013-09-30 05136214 2013-09-30 05136214 uk-bus:OrdinaryShareClass1 2013-09-30 05136214 uk-bus:OrdinaryShareClass2 2013-09-30 05136214 uk-bus:AllOrdinaryShares 2013-09-30 05136214 2012-09-30 iso4217:GBP xbrli:shares

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