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 2020

Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

MEC LONDON LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2020

Balance sheet
Notes

MEC LONDON LIMITED

Balance sheet

As at 31 March 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 31,173 22,651
Total fixed assets: 31,173 22,651
Current assets
Stocks: 23,556 31,385
Debtors:   153,017 255,583
Cash at bank and in hand: 127,113 40,053
Total current assets: 303,686 327,021
Creditors: amounts falling due within one year:   (259,824) (164,928)
Net current assets (liabilities): 43,862 162,093
Total assets less current liabilities: 75,035 184,744
Creditors: amounts falling due after more than one year:   0 (27,466)
Provision for liabilities: (5,923) (4,518)
Total net assets (liabilities): 69,112 152,760
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 69,013 152,661
Shareholders funds: 69,112 152,760

The notes form part of these financial statements

MEC LONDON LIMITED

Balance sheet statements

For the year ending 31 March 2020 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 28 August 2020
and signed on behalf of the board by:

Name: Paul Victor 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 2020

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 supplied and 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 have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or 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 accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less 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 other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Other accounting policies

The average number of persons employed by the company during the year amounted to 8 (2019: 8).

MEC LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

2. Employees

2020 2019
Average number of employees during the period 8 8

MEC LONDON LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2020

3. Tangible Assets

Total
Cost £
At 01 April 2019 67,341
Additions 19,090
Disposals (16,250)
At 31 March 2020 70,181
Depreciation
At 01 April 2019 44,690
Charge for year 7,532
On disposals (13,214)
At 31 March 2020 39,008
Net book value
At 31 March 2020 31,173
At 31 March 2019 22,651