Registered Number 06706702
MESURO LIMITED
Abbreviated Accounts
15 January 2015
Notes | 15/01/2015 | 31/12/2013 | |
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£ | £ | ||
Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets | 2 |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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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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Creditors: amounts falling due after more than one year |
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( |
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Provisions for liabilities |
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Accruals and deferred income |
( |
( |
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Total net assets (liabilities) |
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( |
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Capital and reserves | |||
Called up share capital | 3 |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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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:
1 Accounting Policies
Basis of measurement and preparation of accounts
The financial statements The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
Tangible assets depreciation policy
Plant & Machinery - Straight line over 3 years.
Equipment - Straight line over 3 years.
Valuation information and policy
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 asset to which they relate.
Grant income in relation to revenue is recognised in the period to which it relates.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Other accounting policies
Expenditure on research and development is written off in the year in which it is incurred.
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.
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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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 15 January 2015 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
( |
At 15 January 2015 |
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Net book values | |
At 15 January 2015 | 39,363 |
At 31 December 2013 | 81,308 |