MERRITT DECORATORS LIMITED
|
Registered number: |
04851148
|
Abbreviated Balance Sheet |
as at 31 October 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Intangible assets |
2 |
|
|
1,800 |
|
|
2,700 |
Tangible assets |
3 |
|
|
1,734 |
|
|
1,750 |
|
|
|
|
3,534 |
|
|
4,450 |
|
Current assets |
Debtors |
|
|
145,140 |
|
|
123,209 |
Cash at bank and in hand |
|
|
35,516 |
|
|
14 |
|
|
|
180,656 |
|
|
123,223 |
|
Creditors: amounts falling due within one year |
|
|
(141,674) |
|
|
(135,321) |
|
Net current assets/(liabilities) |
|
|
|
38,982 |
|
|
(12,098) |
|
Net assets/(liabilities) |
|
|
|
42,516 |
|
|
(7,648) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
42,416 |
|
|
(7,748) |
|
Shareholders' funds |
|
|
|
42,516 |
|
|
(7,648) |
|
|
|
|
|
|
|
|
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.
|
|
|
|
S D Merritt |
Director |
Approved by the board on 3 August 2016
|
|
MERRITT DECORATORS LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2015
|
|
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 |
33.3% straight line
|
|
#REF! |
#REF!
|
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
9,000 |
|
At 31 October 2015 |
9,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 November 2014 |
6,300 |
|
Provided during the year |
900 |
|
At 31 October 2015 |
7,200 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
1,800 |
|
At 31 October 2014 |
2,700 |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2014 |
2,038 |
|
At 31 October 2015 |
2,038 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2014 |
288 |
|
Charge for the year |
16 |
|
At 31 October 2015 |
304 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2015 |
1,734 |
|
At 31 October 2014 |
1,750 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|