Midland Wire Mesh Limited - Limited company - abbreviated

REGISTERED NUMBER: 01225812 (England and Wales)

Abbreviated Accounts For The Year Ended 28 February 2014

for

Midland Wire Mesh Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

D J Walters

Mrs D Walters

SECRETARY:

Mrs D Walters

REGISTERED OFFICE:

"Fairways"

Western Avenue

Halesowen

West Midlands

B62 8QH

REGISTERED NUMBER:

01225812 (England and Wales)

ACCOUNTANTS:

Howell Dunn & Co Limited

60 Lyde Green

Halesowen

West Midlands

B63 2PQ

FIXED ASSETS

Tangible assets

2

3,539

4,397

CURRENT ASSETS

Stocks

20,941

23,203

Debtors

109,383

101,355

Cash at bank and in hand

77,578

41,524

207,902

166,082

CREDITORS

Amounts falling due within one year

203,500

168,470

NET CURRENT ASSETS/(LIABILITIES)

4,402

(2,388

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,941

2,009

PROVISIONS FOR LIABILITIES

520

155

NET ASSETS

7,421

1,854

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

7,321

1,754

SHAREHOLDERS' FUNDS

7,421

1,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 6 May 2014 and were signed on its behalf by:

D J Walters - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

36,727

Additions

710

Disposals

(5,875

)

At 28 February 2014

31,562

DEPRECIATION

At 1 March 2013

32,330

Charge for year

1,127

Eliminated on disposal

(5,434

)

At 28 February 2014

28,023

NET BOOK VALUE

At 28 February 2014

3,539

At 28 February 2013

4,397

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary shares

£1

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended

28 February 2014 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Howell Dunn & Co Limited

60 Lyde Green

Halesowen

West Midlands

B63 2PQ

6 May 2014