MRG, EJ, JRM & CC SCOTT LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: 05532274 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

MRG, EJ, JRM & CC SCOTT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs E J Scott

J R M Scott

Mrs C C Scott

SECRETARY:

Mrs C C Scott

REGISTERED OFFICE:

St John's House

Castle Street

Taunton

Somerset

TA1 4AY

REGISTERED NUMBER:

05532274 (England and Wales)

ACCOUNTANTS:

Mitchells Chartered Accountants

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

FIXED ASSETS

Tangible assets

2

64,676

89,900

CURRENT ASSETS

Debtors

25,595

79,570

CREDITORS

Amounts falling due within one year

22,674

16,808

NET CURRENT ASSETS

2,921

62,762

TOTAL ASSETS LESS CURRENT LIABILITIES

67,597

152,662

PROVISIONS FOR LIABILITIES

7,350

11,965

NET ASSETS

60,247

140,697

CAPITAL AND RESERVES

Called up share capital

3

400

400

Profit and loss account

59,847

140,297

SHAREHOLDERS' FUNDS

60,247

140,697

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 16 December 2016 and were signed on its behalf by:

J R M Scott - 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.

Plant and machinery etc

-

15% on cost and 5% on cost

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 April 2015

and 31 March 2016

203,069

DEPRECIATION

At 1 April 2015

113,169

Charge for year

25,224

At 31 March 2016

138,393

NET BOOK VALUE

At 31 March 2016

64,676

At 31 March 2015

89,900

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

200

Ordinary

1

200

200

200

A - H shares

1

200

200

400

400

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors are members of a partnership with which the company trades. They, therefore, have an interest in

those transactions with the company. All transactions took place on an open market basis.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £82,350 (2015 - £76,850) were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY