Part Meister Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08679855 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

PART MEISTER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Mullin

C E Meaney

I P Allinson

SECRETARY:

C E Meaney

REGISTERED OFFICE:

1st Floor

E W M House

Regent Street

Liverpool

L3 7BN

REGISTERED NUMBER:

08679855 (England and Wales)

ACCOUNTANTS:

Michael Donnan & Co Limited

Office 25

Mill Lane

Ness

Cheshire

CH64 8TP

FIXED ASSETS

Tangible assets

2

-

32,489

CURRENT ASSETS

Stocks

-

20,000

Debtors

-

6,279

Cash at bank and in hand

555

7,873

555

34,152

CREDITORS

Amounts falling due within one year

104,700

108,471

NET CURRENT LIABILITIES

(104,145

)

(74,319

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(104,145

)

(41,830

)

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

(104,445

)

(42,130

)

SHAREHOLDERS' FUNDS

(104,145

)

(41,830

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 30 December 2015 and were signed on its behalf by:

C E Meaney - Director

1.	ACCOUNTING POLICIES

Going concern

Since the company ceased trading on 30 September 2015, the accounts have not been

prepared on a going concern basis, but rather the assets and liabilities are stated at

realisable value.

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 goods, 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.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on reducing balance

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 is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

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 October 2014

40,612

Disposals

(40,612

)

At 30 September 2015

-

DEPRECIATION

At 1 October 2014

8,123

Charge for year

13,537

Eliminated on disposal

(21,660

)

At 30 September 2015

-

NET BOOK VALUE

At 30 September 2015

-

At 30 September 2014

32,489

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/15

30/9/14

value:

£

£

300

Ordinary Shares

£1

300

300

4.	ULTIMATE PARENT COMPANY

Alternative Costs Ltd is regarded by the directors as being the company's ultimate parent

company.