MBE Interiors Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04917773 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

MBE Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Healy

Mrs B J Healy

SECRETARY:

Mrs B J Healy

REGISTERED OFFICE:

4 Scott House

Admirals Way

London

E14 9UG

REGISTERED NUMBER:

04917773 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Tangible assets

2

5,688

6,363

CURRENT ASSETS

Stocks

49,721

127,640

Debtors

546,436

255,601

Cash at bank

96,328

107,380

692,485

490,621

CREDITORS

Amounts falling due within one year

586,659

405,159

NET CURRENT ASSETS

105,826

85,462

TOTAL ASSETS LESS CURRENT
LIABILITIES

111,514

91,825

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

111,512

91,823

SHAREHOLDERS' FUNDS

111,514

91,825

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 28 June 2016 and were signed on its behalf by:

M Healy - Director

Mrs B J Healy - 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 January 2015).

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 etc

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

40,907

Additions

2,296

At 30 September 2015

43,203

DEPRECIATION

At 1 October 2014

34,544

Charge for year

2,971

At 30 September 2015

37,515

NET BOOK VALUE

At 30 September 2015

5,688

At 30 September 2014

6,363

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

2

Ordinary

£1

2