Abbreviated Company Accounts - METHOD OFFICE FURNITURE LTD.

METHOD OFFICE FURNITURE LTD. - Company Information

04374053 METHOD OFFICE FURNITURE LTD. 2016-02-28 false 2015-03-01 2016-02-28 true 04374053 2015-03-01 2016-02-28 04374053 2016-02-28 04374053 2015-02-28 04374053 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 04374053 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass2 2015-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass3 2015-02-28 iso4217:GBP shares

Registered Number 04374053

METHOD OFFICE FURNITURE LTD.

Abbreviated Accounts

28 February 2016

METHOD OFFICE FURNITURE LTD. Registered Number 04374053

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	10,079	4,215
		10,079	4,215
Current assets
Debtors		2,301,069	1,924,031
Cash at bank and in hand		617,708	437,005
		2,918,777	2,361,036
Creditors: amounts falling due within one year		(2,330,778)	(1,843,076)
Net current assets (liabilities)		587,999	517,960
Total assets less current liabilities		598,078	522,175
Provisions for liabilities		-	(837)
Total net assets (liabilities)		598,078	521,338
Capital and reserves
Called up share capital	3	24,000	24,000
Profit and loss account		574,078	497,338
Shareholders' funds		598,078	521,338

For the year ending 28 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 29 November 2016

And signed on their behalf by:
G Bowler, Director

METHOD OFFICE FURNITURE LTD. Registered Number 04374053

Notes to the Abbreviated Accounts for the period ended 28 February 2016

1Accounting Policies

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

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
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:
Computer equipment - 33% Straight Line
Fixtures, fittings & equipment - 20% Straight Line

2Tangible fixed assets

	£
Cost
At 1 March 2015	37,767
Additions	14,840
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	52,607
Depreciation
At 1 March 2015	33,552
Charge for the year	8,976
On disposals	-
At 28 February 2016	42,528
Net book values
At 28 February 2016	10,079
At 28 February 2015	4,215

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
18,600 A Ordinary shares of £1 each	18,600	18,600
4,200 B Ordinary shares of £1 each	4,200	4,200
1,200 C Ordinary shares of £1 each	1,200	1,200