Mesh Office Seating (UK) Ltd - Limited company - abbreviated

REGISTERED NUMBER: SC340326 (Scotland)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

MESH OFFICE SEATING (UK) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms S J Wallace

Mr A McGready

Mr G Gillespie

SECRETARY:

Ms R Loudoun

REGISTERED OFFICE:

7 Royal Crescent

Glasgow

Lanarkshire

G3 7SL

REGISTERED NUMBER:

SC340326 (Scotland)

ACCOUNTANTS:

K M Stewart & Company

7 Royal Crescent

Glasgow

G3 7SL

BANKERS:

The Royal Bank of Scotland

Kilmarnock Branch

96 John Finnie Street

Kilmarnock

KA1 1NY

FIXED ASSETS

Tangible assets

2

322,119

286,719

CURRENT ASSETS

Stocks

256,449

294,821

Debtors

519,813

472,336

Prepayments and accrued income

20,200

28,655

Cash at bank

23,497

15,937

819,959

811,749

CREDITORS

Amounts falling due within one year

3

631,768

602,359

NET CURRENT ASSETS

188,191

209,390

TOTAL ASSETS LESS CURRENT
LIABILITIES

510,310

496,109

CREDITORS

Amounts falling due after more than one
year

3

(48,741

)

(85,069

)

PROVISIONS FOR LIABILITIES

(35,466

)

(28,967

)

NET ASSETS

426,103

382,073

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

426,003

381,973

SHAREHOLDERS' FUNDS

426,103

382,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 23 October 2015 and were signed on its behalf by:

Ms S J Wallace - 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 office and home furniture, 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.

Improvements to property

-

4% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33.3% on cost

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 shall be recognised when the tax allowances for the cost of a fixed asset are received before or after

the depreciation of the fixed asset is recognised in the profit and loss account. However, if and when all

conditions for retaining the tax allowances have been met, the deferred tax shall be reversed.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

362,600

Additions

64,597

Disposals

(12,738

)

At 31 March 2015

414,459

DEPRECIATION

At 1 April 2014

75,881

Charge for year

23,824

Eliminated on disposal

(7,365

)

At 31 March 2015

92,340

NET BOOK VALUE

At 31 March 2015

322,119

At 31 March 2014

286,719

3.

CREDITORS

Creditors include an amount of £ 83,257 (2014 - £ 121,925 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

Mesh Office Seating (UK) Ltd - Limited company - abbreviated - 11.6

Mesh Office Seating (UK) Ltd - Limited company - abbreviated - 11.6