Abbreviated Company Accounts - MEASUREMENT SYSTEMS LIMITED

MEASUREMENT SYSTEMS LIMITED - Company Information

Registered Number 01572811

MEASUREMENT SYSTEMS LIMITED

Abbreviated Accounts

31 December 2014

MEASUREMENT SYSTEMS LIMITED Registered Number 01572811

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	215,155	217,059
Investments	3	129,306	129,306
		344,461	346,365
Current assets
Stocks		44,606	43,482
Debtors		147,359	68,517
Cash at bank and in hand		33,571	52,843
		225,536	164,842
Creditors: amounts falling due within one year		(137,904)	(101,593)
Net current assets (liabilities)		87,632	63,249
Total assets less current liabilities		432,093	409,614
Creditors: amounts falling due after more than one year		(104,549)	(106,123)
Total net assets (liabilities)		327,544	303,491
Capital and reserves
Called up share capital		150,011	150,011
Share premium account		159,548	159,548
Other reserves		100,000	100,000
Profit and loss account		(82,015)	(106,068)
Shareholders' funds		327,544	303,491

For the year ending 31 December 2014 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 August 2015

And signed on their behalf by:
Carol Waddell, Director

MEASUREMENT SYSTEMS LIMITED Registered Number 01572811

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Land and buildings freehold 50 years straight line
Fixtures, fittings and equipment 20% - 33.33% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	298,472
Additions	3,615
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	302,087
Depreciation
At 1 January 2014	81,413
Charge for the year	5,519
On disposals	-
At 31 December 2014	86,932
Net book values
At 31 December 2014	215,155
At 31 December 2013	217,059

3Fixed assets Investments
The company holds 20% or more of the share capital of the following companies:

Measurement Systems Trustee Company Ltd Ordinary 100 shares.

Unlisted investments 129,306 (2013 129,306)