MEW_DEVELOPMENTS_LIMITED - Accounts

MEW DEVELOPMENTS LTD - Company Information

Print Friendly Version

Company Registration No. 05792967 (England and Wales)

MEW DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

MEW DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,555

Current assets

Debtors

3,111

105

Cash at bank and in hand

50,928

54,039

172

Creditors: amounts falling due within one year

(203,412)

(152,154)

Net current liabilities

(149,373)

(151,982)

Total assets less current liabilities

(145,818)

(151,982)

Creditors: amounts falling due after more than one year

(23,206)

(145,818)

(175,188)

Capital and reserves

Called up share capital

100

Profit and loss account

(145,918)

(175,288)

Shareholders' funds

(145,818)

(175,188)

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 23 November 2015

Mr J Mew

Director

Company Registration No. 05792967

MEW DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements have been prepared on the going concern basis as the director of the company will not be withdrawing his directors loan made to the company during the immediate future. On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings & equipment

25% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2014

Additions

4,740

At 30 April 2015

4,740

Depreciation

At 1 May 2014

Charge for the year

1,185

At 30 April 2015

1,185

Net book value

At 30 April 2015

3,555

MEW DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary A of £1 each

100