Abbreviated Company Accounts - MECS PROPERTY LTD

Abbreviated Company Accounts - MECS PROPERTY LTD

MECS PROPERTY LTD - Company Information

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Registered Number 07249396

MECS PROPERTY LTD

Abbreviated Accounts

31 May 2015

MECS PROPERTY LTD Registered Number 07249396

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,882 1,072
5,882 1,072
Current assets
Debtors 9,500 4,222
Cash at bank and in hand 4,750 4,650
14,250 8,872
Creditors: amounts falling due within one year (19,412) (9,529)
Net current assets (liabilities) (5,162) (657)
Total assets less current liabilities 720 415
Total net assets (liabilities) 720 415
Capital and reserves
Called up share capital 100 100
Profit and loss account 620 315
Shareholders' funds 720 415
  • For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 June 2015

And signed on their behalf by:
S Mubarak, Director

MECS PROPERTY LTD Registered Number 07249396

Notes to the Abbreviated Accounts for the period ended 31 May 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Equipment, fixtures and fittings 33% straight line

2Tangible fixed assets
£
Cost
At 1 June 2014 12,100
Additions 7,750
Disposals -
Revaluations -
Transfers -
At 31 May 2015 19,850
Depreciation
At 1 June 2014 11,028
Charge for the year 2,940
On disposals -
At 31 May 2015 13,968
Net book values
At 31 May 2015 5,882
At 31 May 2014 1,072