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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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MESURO LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2016 |
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for |
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MESURO LIMITED |
MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Contents of the Financial Statements |
for the year ended 31 December 2016 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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MESURO LIMITED |
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Company Information |
for the year ended 31 December 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Counting House |
Dunleavy Drive |
Cardiff |
CF11 0SN |
MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Balance Sheet |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Balance Sheet - continued |
31 December 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Notes to the Financial Statements |
for the year ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Mesuro Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis as the directors believe this to remain |
appropriate following the continuation of support by the parent company and bankers. |
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This is the first year that the company has presented its results under FRS 102. The last financial statements |
under UK GAAP were for the period ended 31st December 2015. The date of transition was 1 January 2015. |
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There are no material changes to the basis of preparation of the accounts arising on transition to FRS 102. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Government grants |
Grant income is initially credited to deferred income when it is receivable towards capital expenditure. Grants |
toward capital expenditure are released to the profit and loss account over the expected useful life of the |
assets to which they relate. |
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Grant income in relation to revenue is recognised in the period to which it relates. |
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Tangible fixed assets |
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Plant & Machinery | - |
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Equipment | - |
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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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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling |
at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company makes payments to personal pension schemes for certain employees. The annual contributions |
payable are charged to the profit and loss account. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant & |
Machinery | Equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
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Additions |
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At 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
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Charge for year |
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At 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Amounts owed by participating interests | 29,225 | - |
Other debtors |
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MESURO LIMITED (REGISTERED NUMBER: 06706702) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Amounts owed to participating interests | 729,452 | 292,048 |
Social security and other taxes |
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Credit card account | 179 | - |
Accruals and deferred income |
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7. | ULTIMATE CONTROLLING PARTY |
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3055931 Canada Inc. is the ultimate controlling party by virtue of its shareholding in the company. |
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8. | GOING CONCERN |
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The company relies upon the support of it's controlling party in order to ensure that it meets all it's |
obligations. In light of the continued support of the controlling party, the accounts are prepared on a going |
concern basis. |