MEADOWSWELL_LIMITED - Accounts

MEADOWSWELL LIMITED - Company Information

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Company Registration No. 3697560 (England and Wales)

MEADOWSWELL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

MEADOWSWELL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MEADOWSWELL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,069

1,603

Current assets

Stocks

769,208

538,498

Debtors

19,180

130,222

Cash at bank and in hand

147,283

337,184

935,671

1,005,904

Creditors: amounts falling due within one year

(16,630)

(84,562)

Net current assets

919,041

921,342

Total assets less current liabilities

920,110

922,945

Capital and reserves

Called up share capital

200

Profit and loss account

919,910

922,745

Shareholders' funds

920,110

922,945

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 September 2016

Miss M A Rignell

Director

Company Registration No. 3697560

MEADOWSWELL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents revenue recognised by the company from the disposal of properties held as trading stock, together with amounts receivable for rental income.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

6,234

Depreciation

At 1 May 2015

4,631

Charge for the year

534

At 30 April 2016

5,165

Net book value

At 30 April 2016

1,069

At 30 April 2015

1,603

MEADOWSWELL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary shares of £1 each

200