Myrtle 2000 Limited

Registered number

03718753

Myrtle 2000 Limited

Report and Accounts

28 February 2014

Venatum Accountancy Limited

Ludlow

Shropshire

Myrtle 2000 Limited
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Accountants' report	3
Profit and loss account	4
Balance sheet	5
Notes to the accounts	6

Myrtle 2000 Limited

Company Information

Directors

J P Colfer

Secretary

C Colfer

Accountants

Venatum Accountancy Limited

Lincoln Villa

51 Julian Road

Ludlow

Shropshire

SY8 1HD

Bankers

NatWest plc

116 Guildford Street

Chertsey

Surrey

KT16 0AF

Registered office

Myrtle House

Lyne Lane

Lyne

Surrey

KT16 0AW

Registered number

03718753

Myrtle 2000 Limited
Registered number:		03718753
Directors' Report

The directors present their report and accounts for the year ended 28 February 2014.

Principal activities
The company's principal activity during the year continued to be that of road hauliers.

Directors
The following persons served as directors during the year:

	J P Colfer

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 19 March 2014 and signed on its behalf.





C Colfer
Secretary

Myrtle 2000 Limited
Accountants' Report


Accountants' report to the directors of
Myrtle 2000 Limited

You consider that the company is exempt from an audit for the year ended 28 February 2014. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have a professional duty to compile accounts which conform with generally accepted accounting principles. We planned our work on the basis that no report is required by statute or regulation for the year. Our work as compiler of the annual accounts is not an audit of the accounts in accordance with auditing standards. Consequently, our work does not provide assurance that the accounting records or accounts are free from material misstatement, whether caused by fraud, other irregularities or error and accordingly, no such opinion is given by us, whether expressed or implied.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.

Venatum Accountancy Limited
Chartered Secretaries

Lincoln Villa
51 Julian Road
Ludlow
Shropshire
SY8 1HD

19 March 2014

Myrtle 2000 Limited
Profit and Loss Account
for the year ended 28 February 2014


Notes		2014		2013
£			£

Turnover		50,522		48,010

Cost of sales		(2,900)		(1,258)

Gross profit		47,622		46,752

Administrative expenses		(17,719)		(60,446)
Other operating income		10,043		8,525

Operating profit/(loss)	2	39,946		(5,169)

Interest receivable		2		-
Interest payable	3	(25)		(299)

Profit/(loss) on ordinary activities before taxation		39,923		(5,468)

Tax on profit/(loss) on ordinary activities	4	(759)		-

Profit/(loss) for the financial year		39,164		(5,468)

Myrtle 2000 Limited
Balance Sheet
as at 28 February 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	5		74,972			80,542

Current assets
Debtors	6	21,149			25,597
Cash at bank and in hand		10,223			4,243
		31,372			29,840

Creditors: amounts falling due within one year	7	(94,029)			(137,231)

Net current liabilities			(62,657)			(107,391)

Net assets/(liabilities)			12,315			(26,849)

Capital and reserves
Called up share capital	8		100			100
Profit and loss account	9		12,215			(26,949)

Shareholders' funds			12,315			(26,849)

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.




J P Colfer
Director
Approved by the board on 19 March 2014.

Myrtle 2000 Limited
Notes to the Accounts
for the year ended 28 February 2014

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 value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance basis
	Motor vehicles			20% reducing balance basis


2	Operating profit					2014		2013
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					5,749		20,897
	Directors' remuneration					6,088		7,193


3	Interest payable					2014		2013
£							£

	Interest payable					25		299


4	Taxation					2014		2013
£							£

	UK corporation tax					759		-


5	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2013	17,847		51,503		177,571		246,921
	Additions	-		179		-		179
	At 28 February 2014	17,847		51,682		177,571		247,100

	Depreciation
	At 1 March 2013	-		37,687		128,692		166,379
	Charge for the year	-		3,498		2,251		5,749
	At 28 February 2014	-		41,185		130,943		172,128

	Net book value
	At 28 February 2014	17,847		10,497		46,628		74,972
	At 28 February 2013	17,847		13,816		48,879		80,542


6	Debtors					2014		2013
£							£

	Trade debtors					11,908		22,383
	Other debtors					9,241		3,214
						21,149		25,597


7	Creditors: amounts falling due within one year					2014		2013
£							£

	Trade creditors					392		33,017
	Corporation tax					759		-
	Other taxes and social security costs					1,404		1,410
	Other creditors					91,474		102,804
						94,029		137,231


8	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


9	Profit and loss account					2014
£

	At 1 March 2013					(26,949)
	Profit for the year					39,164

	At 28 February 2014					12,215


10	Related party transactions					2014		2013
£							£
	J P Colfer
	Director
	Loans to the company					(28,099)		(30,297)


11	Ultimate controlling party

	The controlling party is J P Colfer by virtue of his ownership, in association with members of his close family, of the whole of the issued share capital of the company.