Metro Piazza (London) Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04806984 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Metro Piazza (London) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr J Rocha

REGISTERED OFFICE:

Champions Way

London

NW4 1PX

REGISTERED NUMBER:

04806984 (England and Wales)

ACCOUNTANTS:

CAS MCGEE LTD

Chartered Certified Accountants

130a Darkes Lane

Potters Bar

Hertfordshire

EN6 1AF

FIXED ASSETS

Tangible assets

2

19,445

25,591

CURRENT ASSETS

Stocks

5,795

4,795

Debtors

25,021

Cash at bank and in hand

54,191

65,595

85,007

95,411

CREDITORS

Amounts falling due within one year

72,918

69,091

NET CURRENT ASSETS

12,089

26,320

TOTAL ASSETS LESS CURRENT
LIABILITIES

31,534

51,911

CREDITORS

Amounts falling due after more than one year

3

-

21,143

NET ASSETS

31,534

30,768

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

31,532

30,766

SHAREHOLDERS' FUNDS

31,534

30,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 22 September 2016 and were signed by:

Mr J Rocha - 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.

Short leasehold

-

in accordance with the lease terms

Improvements to property

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

76,311

Additions

9,569

Disposals

(28,539

)

At 31 December 2015

57,341

DEPRECIATION

At 1 January 2015

50,720

Charge for year

6,685

Eliminated on disposal

(19,509

)

At 31 December 2015

37,896

NET BOOK VALUE

At 31 December 2015

19,445

At 31 December 2014

25,591

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.12.15

31.12.14

£

Repayable by instalments

-

8,035

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

2

Ordinary

£1.00

2

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2015 and

31 December 2014:

31.12.15

31.12.14

£

Mr J Rocha

Balance outstanding at start of year

(19,029

)

(12,890

)

Amounts advanced

-

(6,139

)

Amounts repaid

18,832

-

Balance outstanding at end of year

(197

)

(19,029

)