MEC LONDON LIMITED

MEC LONDON LIMITED

MEC LONDON LIMITED - Company Information

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MEC LONDON LIMITED

Company Registration Number:
05389421 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2019

Period of accounts

Start date: 01 April 2018

End date: 31 March 2019

MEC LONDON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2019

Balance sheet
Notes

MEC LONDON LIMITED

Balance sheet

As at 31 March 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 22,651 22,589
Total fixed assets: 22,651 22,589
Current assets
Stocks: 31,385 27,628
Debtors:   255,583 643,538
Cash at bank and in hand: 40,053 3,570
Total current assets: 327,021 674,736
Creditors: amounts falling due within one year:   (164,928) (407,603)
Net current assets (liabilities): 162,093 267,133
Total assets less current liabilities: 184,744 289,722
Creditors: amounts falling due after more than one year:   (27,466) (64,087)
Provision for liabilities: (4,518) (4,518)
Total net assets (liabilities): 152,760 221,117
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 152,661 221,018
Shareholders funds: 152,760 221,117

The notes form part of these financial statements

MEC LONDON LIMITED

Balance sheet statements

For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 October 2019
and signed on behalf of the board by:

Name: PAUL KELLY
Status: Director

The notes form part of these financial statements

MEC LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer, usually on despatch of the goods; the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulateddepreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluationless any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in othercomprehensive income and accumulated in capital and reserves, except to the extent it reverses arevaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income tothe extent of any previously recognised revaluation increase accumulated in capital and reserves inrespect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gainsaccumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit orloss.

Other accounting policies

Employee numbersThe average number of persons employed by the company during the year amounted to 8 (2018: 7).

MEC LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

2. Employees

2019 2018
Average number of employees during the period 8 7

MEC LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2019

3. Tangible Assets

Total
Cost £
At 01 April 2018 62,046
Additions 5,295
At 31 March 2019 67,341
Depreciation
At 01 April 2018 39,457
Charge for year 5,233
At 31 March 2019 44,690
Net book value
At 31 March 2019 22,651
At 31 March 2018 22,589