M.E.M. Insurance Brokers Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01501613 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

M.E.M. INSURANCE BROKERS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

F W Mullock

Mrs S Mullock

SECRETARY:

Mrs S Mullock

REGISTERED OFFICE:

521 King Street

Longton

Stoke-on-Trent

Staffordshire

ST3 1HD

REGISTERED NUMBER:

01501613 (England and Wales)

ACCOUNTANTS:

The Davison Partnership

Reliance House

Moorland Road

Burslem

Stoke on Trent

ST6 1DP

FIXED ASSETS

Intangible assets

2

25,547

31,840

Tangible assets

3

75,570

72,927

Investments

4

3,308

104,425

108,075

CURRENT ASSETS

Debtors

120,888

118,327

Cash at bank and in hand

139,498

137,021

260,386

255,348

CREDITORS

Amounts falling due within one year

301,885

302,184

NET CURRENT LIABILITIES

(41,499

)

(46,836

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,926

61,239

CAPITAL AND RESERVES

Called up share capital

5

50,000

Share premium

498

Profit and loss account

12,428

10,741

SHAREHOLDERS' FUNDS

62,926

61,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 4 November 2016 and were signed on its behalf
by:

F W Mullock - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

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

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

154,547

Additions

2,500

At 31 March 2016

157,047

AMORTISATION

At 1 April 2015

122,707

Amortisation for year

8,793

At 31 March 2016

131,500

NET BOOK VALUE

At 31 March 2016

25,547

At 31 March 2015

31,840

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

171,984

Additions

4,060

At 31 March 2016

176,044

DEPRECIATION

At 1 April 2015

99,057

Charge for year

1,417

At 31 March 2016

100,474

NET BOOK VALUE

At 31 March 2016

75,570

At 31 March 2015

72,927

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

3,308

NET BOOK VALUE

At 31 March 2016

3,308

At 31 March 2015

3,308

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

50,000

Ordinary

£1

50,000