Microtek Components Limited - Limited company - abbreviated - 11.9

Microtek Components Limited - Limited company - abbreviated - 11.9

MICROTEK COMPONENTS LIMITED - Company Information

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REGISTERED NUMBER: 03089499 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

MICROTEK COMPONENTS LIMITED

MICROTEK COMPONENTS LIMITED (REGISTERED NUMBER: 03089499)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MICROTEK COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2015







DIRECTORS: Mr S P Bayliss
Mr A Sanders





REGISTERED OFFICE: 25 Kingfisher Court
Newbury
Berkshire
RG14 5SJ





REGISTERED NUMBER: 03089499 (England and Wales)





ACCOUNTANTS: Banks BHG, Chartered Accountants
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
Page 1
MICROTEK COMPONENTS LIMITED (REGISTERED NUMBER: 03089499)

ABBREVIATED BALANCE SHEET
31 AUGUST 2015

31.8.15 31.8.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 5,116 10,338

CURRENT ASSETS
Stocks 326,902 287,708
Debtors 515,930 646,864
Cash at bank and in hand 1,191,808 707,595
2,034,640 1,642,167
CREDITORS
Amounts falling due within one year 776,890 562,831
NET CURRENT ASSETS 1,257,750 1,079,336
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,262,866
1,089,674

PROVISIONS FOR LIABILITIES 216 1,084
NET ASSETS 1,262,650 1,088,590

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 1,262,550 1,088,490
SHAREHOLDERS' FUNDS 1,262,650 1,088,590

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 December 2015 and were signed
on its behalf by:




Mr S P Bayliss - Director



Mr A Sanders - Director


The notes form part of these abbreviated accounts

Page 2
MICROTEK COMPONENTS LIMITED (REGISTERED NUMBER: 03089499)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2015

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 the fair value of the consideration received or receivable for the sale of goods.
Turnover is presented, net of value-added tax, rebates and discounts and is recognised when
goods are collected or delivered.

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 - 10% on cost
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on cost and 33% 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 is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the
transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at
the closing rates at th balance sheet date. All exchange differences are included in the profit and
loss account.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 113,009
Additions 433
At 31 August 2015 113,442
DEPRECIATION
At 1 September 2014 102,671
Charge for year 5,655
At 31 August 2015 108,326
NET BOOK VALUE
At 31 August 2015 5,116
At 31 August 2014 10,338

Page 3 continued...
MICROTEK COMPONENTS LIMITED (REGISTERED NUMBER: 03089499)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2015

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.15 31.8.14
value: £    £   
100 Ordinary £1 100 100

Page 4