Mere Engineering Limited - Limited company - abbreviated - 11.0.0
Mere Engineering Limited - Limited company - abbreviated - 11.0.0
REGISTERED NUMBER: |
Abbreviated Accounts |
for the Year Ended |
31 December 2013 |
for |
Mere Engineering Limited |
Mere Engineering Limited (Registered number: 02441971) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2013 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Mere Engineering Limited |
Company Information |
for the Year Ended 31 December 2013 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Mere Engineering Limited (Registered number: 02441971) |
Abbreviated Balance Sheet |
31 December 2013 |
2013 | 2012 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
Investment property | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 financial statements were approved by the director on |
Mere Engineering Limited (Registered number: 02441971) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2013 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the revaluation |
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
2008). |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2013 |
and 31 December 2013 |
DEPRECIATION |
At 1 January 2013 |
Charge for year |
At 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 January 2013 |
and 31 December 2013 | 54,400 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
Mere Engineering Limited (Registered number: 02441971) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2013 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Associated company |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 22.00 |
4. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 January 2013 |
and 31 December 2013 |
NET BOOK VALUE |
At 31 December 2013 |
At 31 December 2012 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2013 | 2012 |
value: | £ | £ |
Ordinary | £1 |
15 % Preference | £1 |
120,600 | 120,600 |
The preference shares are redeemable and carry rights to a 15 % cumulative dividend, no provision has been |
included in the accounts for the arrears outstanding since the issue of the shares in 1996. The preference shares |
also carry the rights to be converted into ordinary shares if the shares had not been redeemed by 2001. |
6. | RELATED PARTY DISCLOSURES |
The company has a 22 % holding in Goldsmith & Young Limited a company which is controlled by Mr J O |
Goldsmith. During the year the company received rent amounting to £17,040 (2012 £17,040) and accrued |
interest receivable £5,008 (2012 £4,865) from Goldsmith & Young Limited. At 31 December 2013 Goldsmith & |
Young Limited owed the company £205,332 (2012 £200,324), this amount is included in trade debtors. There |
are no agreed terms for the repayment of these monies. |
The company accrued interest payable amounting to £5,332 (2012 £5,221 ) to Polymer Limited a company |
controlled by a shareholder of the company. At 31 December 2013 the company owed Polymer Limited £219,436 |
(2011 £214,084). |
All the above transactions were carried out at arms length. |