Meriworth Builders Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08181147 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Meriworth Builders Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S J D Merriott

J L Merriott

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

08181147 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

2

25,573

5,625

CURRENT ASSETS

Debtors

25,606

13,768

Cash at bank and in hand

34,200

38,392

59,806

52,160

CREDITORS

Amounts falling due within one year

36,242

58,004

NET CURRENT ASSETS/(LIABILITIES)

23,564

(5,844

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,137

(219

)

CREDITORS

Amounts falling due after more than one year

(6,617

)

-

PROVISIONS FOR LIABILITIES

(4,078

)

-

NET ASSETS/(LIABILITIES)

38,442

(219

)

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

38,440

(221

)

SHAREHOLDERS' FUNDS

38,442

(219

)

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 7 January 2016 and were signed on its behalf by:

J L Merriott - Director

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 net invoiced sales of goods and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 September 2014

10,000

Additions

29,035

Disposals

(1,000

)

At 31 August 2015

38,035

DEPRECIATION

At 1 September 2014

4,375

Charge for year

8,525

Eliminated on disposal

(438

)

At 31 August 2015

12,462

NET BOOK VALUE

At 31 August 2015

25,573

At 31 August 2014

5,625

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

2

Ordinary

£1.00

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Mr S J D Merriott £10,977 (2014 - £19,019) and Mr J L Merriott

£6,407 (2014 - £29,434) who are both directors of the company.

5.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.