5215426 2013-09-01 false true 2014-08-312014-08-31 5215426 2013-09-01 2014-08-31 5215426 2014-08-31 5215426 2013-08-31 5215426 c:FixturesFittingsToolsEquipment 2013-09-01 2014-08-31 5215426 d:OrdinaryShareClass1 2014-08-31 5215426 d:OrdinaryShareClass1 2013-08-31 5215426 d:OrdinaryShareClass1 2013-09-01 2014-08-31 5215426 d:Director1 2013-09-01 2014-08-31 5215426 c:OfficeEquipment 2013-09-01 2014-08-31 xbrli:shares iso4217:GBP

Registered number: 5215426









MARTIN PRYKE TAILORING LIMITED








ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014


 
MARTIN PRYKE TAILORING LIMITED
REGISTERED NUMBER: 5215426

ABBREVIATED BALANCE SHEET
AS AT 31 AUGUST 2014

2014
2013
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
298
398
 
CURRENT ASSETS





 
Stocks
4,799
5,044

 
Debtors
52,686
47,194

 
Cash at bank and in hand

7,467
3,116







 
64,952
55,354
 
CREDITORS: amounts falling due within one year
(64,204)
(55,618)
 
NET CURRENT ASSETS/(LIABILITIES)


748

(264)
 
NET ASSETS
 1,046

 134
  
CAPITAL AND RESERVES

 
Called up share capital
3
2
2
 
Profit and loss account
1,044
132
 
SHAREHOLDERS' FUNDS
 

 1,046

 134


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question 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 for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 August 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 19 January 2015.






Mr M E Pryke
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1


 
MARTIN PRYKE TAILORING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014

1.ACCOUNTING POLICIES

1.1
Basis of preparation of financial statements

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Cash flow

The financial statements do not include a Cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.3
Turnover

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.

1.4
Tangible fixed assets and depreciation

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:

Fixtures & fittings
-
25% reducing balance
Office equipment
-
33% straight line

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

1.6
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.

Page 2


 
MARTIN PRYKE TAILORING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014

2.TANGIBLE FIXED ASSETS



£


Cost 



At 1 September 2013 and 31 August 2014

7,535



Depreciation


At 1 September 2013
7,137

Charge for the year
100


At 31 August 2014

7,237




Net book value


At 31 August 2014
 298


At 31 August 2013

 398


3.SHARE CAPITAL

        2014
        2013
        £

        £

Allotted, called up and fully paid



2 Ordinary shares of £1 each
 2
 2


4.TRANSACTIONS WITH DIRECTORS

Included in other creditors due within one year is a loan from the directors, Mr M Pryke and Mrs J Pryke, amounting to £(24,038) [2013 - £(17,817)].  During the year advances of £50,779 (2013 - £58,140) were made to the directors and dividends of £57,000 (2013 - £61,800) were paid to the directors.
 
Page 3