METRIX_COMMERCIAL_INTERIO - Accounts

METRIX COMMERCIAL INTERIORS LIMITED - Company Information

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Company Registration No. 04299332 (England and Wales)

METRIX COMMERCIAL INTERIORS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

METRIX COMMERCIAL INTERIORS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

METRIX COMMERCIAL INTERIORS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

3,846

3,696

Current assets

Stocks

733,170

115,750

Debtors

617,769

236,314

Cash at bank and in hand

400,649

100,729

1,751,588

452,793

Creditors: amounts falling due within one year

(1,506,104)

(294,909)

Net current assets

245,484

157,884

Total assets less current liabilities

249,330

161,580

249,330

161,580

Capital and reserves

Called up share capital

100

Profit and loss account

249,230

161,480

Shareholders' funds

249,330

161,580

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 4 November 2016

Mr G A J Saunders

Director

Company Registration No. 04299332

METRIX COMMERCIAL INTERIORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts, and is recognised as the right to consideration accrues.

1.3

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% on cost

1.4

Stock and work in progress

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

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

1.5

Long term contracts

Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.7

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.

METRIX COMMERCIAL INTERIORS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2015

14,308

Additions

2,542

At 31 March 2016

16,850

Depreciation

At 1 April 2015

10,612

Charge for the year

2,392

At 31 March 2016

13,004

Net book value

At 31 March 2016

3,846

At 31 March 2015

3,696

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

G A J Saunders -

17,657

1,973

19,630

17,657

1,973

19,630

There are no interest terms associated with these loans.