Merryweathers (Doncaster) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06678984 (England and Wales)

Merryweathers (Doncaster) Limited

Abbreviated Unaudited Accounts For The Year Ended 31 December 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J K Dashper

P M Kelly

S J Empson

REGISTERED OFFICE:

47 Moorgate Street

ROTHERHAM

South Yorkshire

S60 2EY

REGISTERED NUMBER:

06678984 (England and Wales)

ACCOUNTANTS:

Allotts Business Services Ltd

Chartered Accountants

The Old Grammar School

13 Moorgate Road

Rotherham

South Yorkshire

S60 2EN

FIXED ASSETS

Tangible assets

2

3,520

1,540

CURRENT ASSETS

Stocks

27,746

30,121

Debtors

19,530

15,818

Cash at bank and in hand

25,592

1,976

72,868

47,915

CREDITORS

Amounts falling due within one year

177,485

172,812

NET CURRENT LIABILITIES

(104,617

)

(124,897

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(101,097

)

(123,357

)

CAPITAL AND RESERVES

Called up share capital

3

100

100

Share premium

7,968

7,968

Profit and loss account

(109,165

)

(131,425

)

SHAREHOLDERS' FUNDS

(101,097

)

(123,357

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 29 June 2015 and were signed on its behalf by:

P M Kelly - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The accounts have been prepared on the going concern basis on the assumption that the group will continue to receive the

support of its bankers and its parent company directors.

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 amounts chargeable to clients for professional services earned during the period, including expenses

and disbursements, excluding value added tax.

Commissions and fees on sales of residential and commercial properties are recognised as earned when the contract for

sale is completed, subject to any withdrawal fees or rechargeable advertising which are recognised when the company has

earned the right to consideration. Other commissions and other professional fees are recognised when the company has

earned the right to consideration in exchange for performance.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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

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

date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

2,575

Additions

3,151

At 31 December 2014

5,726

DEPRECIATION

At 1 January 2014

1,035

Charge for year

1,171

At 31 December 2014

2,206

NET BOOK VALUE

At 31 December 2014

3,520

At 31 December 2013

1,540

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

4.	ULTIMATE PARENT COMPANY