Registered Number 02018744
MINSTERPORT LIMITED
Abbreviated Accounts
30 March 2013
Notes | 2013 | 2012 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Plant and machinery 20% reducing balance
Motor vehicles 25% reducing balance
Other accounting policies
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
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 obligation 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. Contributuions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
£ | |
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Cost | |
At 1 April 2012 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 March 2013 |
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Depreciation | |
At 1 April 2012 |
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Charge for the year |
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On disposals |
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At 30 March 2013 |
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Net book values | |
At 30 March 2013 | 2,170 |
At 31 March 2012 | 1,486 |
3Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 April 2012: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 30 March 2013: | £ |
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 April 2012: | £ |
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Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 30 March 2013: | £ |