REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MAY 2016 |
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FOR |
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MERTECH SWITCHBOARDS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MAY 2016 |
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FOR |
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MERTECH SWITCHBOARDS LIMITED |
MERTECH SWITCHBOARDS LIMITED (REGISTERED NUMBER: 01427664) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 MAY 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
MERTECH SWITCHBOARDS LIMITED |
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COMPANY INFORMATION |
for the Year Ended 31 MAY 2016 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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MERTECH SWITCHBOARDS LIMITED (REGISTERED NUMBER: 01427664) |
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ABBREVIATED BALANCE SHEET |
31 MAY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
MERTECH SWITCHBOARDS LIMITED (REGISTERED NUMBER: 01427664) |
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ABBREVIATED BALANCE SHEET - continued |
31 MAY 2016 |
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The financial statements were approved by the director on
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MERTECH SWITCHBOARDS LIMITED (REGISTERED NUMBER: 01427664) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
for the Year Ended 31 MAY 2016 |
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1. | ACCOUNTING POLICIES |
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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 January 2015). |
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Turnover |
Turnover represents the sale of bespoke products produced for specific customers net of VAT. Where a product |
is partially completed at the balance sheet date, turnover includes the value of the product to date based on the |
proportion of completion and the right to consideration. |
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Tangible fixed assets and depreciation |
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Long leasehold | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Computer equipment | - |
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No depreciation has been provided on the long leasehold property. The Companies Act 2006 requires all |
properties to be depreciated, however this requirement conflicts with the generally accepted accounting principle |
set out in the FRSSE (effective January 2015). In the directors opinion, depreciation would be immaterial and |
has not been charged. The property is maintained to ensure that their value does not diminish over time. The |
maintenance costs are charged to profit and loss in the year incurred. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to the profit and loss account in the period to which they relate. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2015 |
and 31 May 2016 |
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DEPRECIATION |
At 1 June 2015 |
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Charge for year |
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At 31 May 2016 |
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NET BOOK VALUE |
At 31 May 2016 |
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At 31 May 2015 |
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MERTECH SWITCHBOARDS LIMITED (REGISTERED NUMBER: 01427664) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
for the Year Ended 31 MAY 2016 |
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3. | CREDITORS |
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Creditors include an amount of £
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Details of shares shown as liabilities are as follows: |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Preference | £1 |
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The preference shares hold no voting rights or rights to issue and there is no fixed period of redemption. |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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