MRA Electrical & Security Limited - Period Ending 2016-03-31

Registration number: 05699688

MRA Electrical & Security Limited

Unaudited Abbreviated Accountsfor

the Year Ended 31 March 2016

Walker Associates Accountancy Limited
Royal House
110 Station Parade
Harrogate
North Yorkshire
HG1 1EP

MRA Electrical & Security Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 5

MRA Electrical & Security Limited

Company Information

Directors

Mr Mark Ashurst

Company secretary

Mrs Joan Ashurst

Registered office

11 Peckets Way Knox House Farm Harrogate North Yorkshire HG1 3EW

Accountants

Walker Associates Accountancy Limited Royal House 110 Station Parade Harrogate North Yorkshire HG1 1EP

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MRA Electrical & Security Limited

(Registration number: 05699688)
Abbreviated Balance Sheet as at 31 March 2016

	Note	2016  £	2015  £
Fixed assets
Intangible assets	3	-	850
Tangible assets	4	105,517	96,796
		105,517	97,646
Current assets
Stocks		11,500	11,500
Debtors		18,367	38,805
Cash at bank and in hand		1,577	932
		31,444	51,237
Creditors: Amounts falling due within one year		(56,051)	(62,676)
Net current liabilities		(24,607)	(11,439)
Total assets less current liabilities		80,910	86,207
Creditors: Amounts falling due after more than one year		(59,725)	(71,118)
Net assets		21,185	15,089
Capital and reserves
Called up share capital		1	1
Profit and loss account		21,184	15,088
Total equity		21,185	15,089

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 November 2016
 

The notes on pages 4 to 5 form an integral part of these financial statements.
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MRA Electrical & Security Limited

(Registration number: 05699688)
Abbreviated Balance Sheet as at 31 March 2016

.........................................

Mr Mark Ashurst

Director

The notes on pages 4 to 5 form an integral part of these financial statements.
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MRA Electrical & Security Limited

Notes to the Abbreviated Accounts for the Year Ended 31 March 2016

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
11 Peckets Way
Knox House Farm
Harrogate
North Yorkshire
HG1 3EW

These financial statements were authorised for issue by the director on 15 November 2016.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Commercial motor vehicles	25% per year straight line method
Office equipment	50% per year straight line method
Investment property	2% per year straight line method

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the Company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

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MRA Electrical & Security Limited

Notes to the Abbreviated Accounts for the Year Ended 31 March 2016

Asset class	Amortisation method and rate
Goodwill	10 % per year straight line method

3	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2015	8,500	8,500
At 31 March 2016	8,500	8,500
Amortisation
At 1 April 2015	7,650	7,650
Amortisation charge	850	850
At 31 March 2016	8,500	8,500
Carrying amount
At 31 March 2016	-	-
At 31 March 2015	850	850

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2015	94,692	3,930	43,153	141,775
Additions	-	-	39,885	39,885
Disposals	-	-	(43,153)	(43,153)
At 31 March 2016	94,692	3,930	39,885	138,507
Depreciation
At 1 April 2015	-	3,830	41,149	44,979
Charge for the year	1,895	100	9,971	11,966
Eliminated on disposal	-	-	(23,955)	(23,955)
At 31 March 2016	1,895	3,930	27,165	32,990
Carrying amount
At 31 March 2016	92,797	-	12,720	105,517
At 31 March 2015	94,692	100	2,004	96,796

Included within the net book value of land and buildings above is £92,797 (2015 - £94,692) in respect of freehold land and buildings.
 

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