Metaenterprices Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05833598 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Metaenterprices Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Mohsin

Mrs T Sobyanina

REGISTERED OFFICE:

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

REGISTERED NUMBER:

05833598 (England and Wales)

ACCOUNTANTS:

Granite Morgan Smith Limited

122 Feering Hill

Feering

Colchester

Essex

CO5 9PY

FIXED ASSETS

2,557

Tangible assets

2

4,351

2,557

4,351

CURRENT ASSETS

9,350

Stocks

10,950

86,605

Debtors

213,633

5,213

Cash at bank

12,573

101,168

237,156

CREDITORS

65,736

Amounts falling due within one year

158,388

35,432

NET CURRENT ASSETS

78,768

37,989

TOTAL ASSETS LESS CURRENT LIABILITIES

83,119

537

PROVISIONS FOR LIABILITIES

870

37,452

NET ASSETS

82,249

CAPITAL AND RESERVES

36,000

Called up share capital

3

72,000

1,452

Profit and loss account

10,249

37,452

SHAREHOLDERS' FUNDS

82,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 26 February 2015 and were signed on its behalf by:

M Mohsin - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2013

6,650

Additions

4,233

At 31 May 2014

10,883

DEPRECIATION

At 1 June 2013

4,093

Charge for year

2,439

At 31 May 2014

6,532

NET BOOK VALUE

At 31 May 2014

4,351

At 31 May 2013

2,557

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

72,000

Ordinary

£1

72,000

36,000

(31.5.13 - 36,000 )

36,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director M Mohsin £4 (2013 - £1,545) in respect of his

directors loan account. This loan is interest free and repayable on demand.