Merivale Press Limited - Limited company - abbreviated - 11.6
Merivale Press Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2014 |
| FOR |
| MERIVALE PRESS LIMITED |
| MERIVALE PRESS LIMITED (REGISTERED NUMBER: 01775079) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| MERIVALE PRESS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MAY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| MERIVALE PRESS LIMITED (REGISTERED NUMBER: 01775079) |
| ABBREVIATED BALANCE SHEET |
| 31 MAY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| The financial statements were approved by the Board of Directors on by: |
| MERIVALE PRESS LIMITED (REGISTERED NUMBER: 01775079) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 1. | ACCOUNTING POLICIES |
| 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 April 2008). |
| Turnover |
| Turnover represents the fair value of services provided during the year. Turnover is recognised as contract |
| activity progresses and the right to consideration is earned. Fair value reflects the amount expected to be |
| recoverable from clients. Turnover excludes value added tax. Unbilled turnover on individual contracts is |
| included as accrued income within other debtors. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| All fixed assets are initially recorded at cost. |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| The charge for taxation is based on the results for the year and takes into account taxation deferred because of |
| timing differences between the treatment of certain items for taxation and accounting purposes. In accordance |
| with Financial Reporting Standard 19, provision is made for deferred tax in respect of all timing differences that |
| have been originated but not reversed by the balance sheet date. Deferred tax assets are recognised when it is |
| more likely than not that the asset will be recovered. Deferred tax is measured using rates that have been |
| enacted or substantially enacted by the balance sheet date. Deferred tax balances are not discounted. |
| 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. |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2013 |
| and 31 May 2014 |
| DEPRECIATION |
| At 1 June 2013 |
| Charge for year |
| At 31 May 2014 |
| NET BOOK VALUE |
| At 31 May 2014 |
| At 31 May 2013 |
| MERIVALE PRESS LIMITED (REGISTERED NUMBER: 01775079) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MAY 2014 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 4. | TRANSACTIONS WITH DIRECTORS |
| At 1 June 2013 Mr G R Smith, a director, was owed from the company £30,462. During the year there were |
| advances of £19,500 (2013: £20,000) and repayments of £24,000 (2013: £22,000). At 31 May 2014 the balance |
| owed to Mr G R Smith was £25,962. The loan is interest free, unsecured and repayable on demand. |
| At 1 June 2013 Mr M J Smith, a director, was owed from the company £118,263. During the year there were |
| advances of £25,213 (2013: £20,000) and repayments of £12,000 (2013: £14,311). At 31 May 2014 the balance |
| owed to Mr M J Smith was £131,476. The loan is interest free, unsecured and repayable on demand. |