MBE Norwich Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08927600 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

MBE Norwich Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T Blackbourn

REGISTERED OFFICE:

37A St Andrews Street

Norwich

Norfolk

NR2 4TP

REGISTERED NUMBER:

08927600 (England and Wales)

ACCOUNTANT:

Anthony James Brice

Chartered Certified Accountant

Registered Auditor

Home Farm Barn

Mill Green

Burston

Diss

Norfolk

IP22 5TJ

FIXED ASSETS

Intangible assets

2

18,520

20,835

Tangible assets

3

5,513

7,351

24,033

28,186

CURRENT ASSETS

Stocks

1,000

2,000

Debtors

16,789

5,954

Cash at bank and in hand

2,031

10,086

19,820

18,040

CREDITORS

Amounts falling due within one year

71,896

58,310

NET CURRENT LIABILITIES

(52,076

)

(40,270

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,043

)

(12,084

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(28,143

)

(12,184

)

SHAREHOLDERS' FUNDS

(28,043

)

(12,084

)

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 director acknowledges his 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 director on 28 December 2016 and were signed by:

T Blackbourn - 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 comprises revenue recognised by the company in respect of goods and services

supplied during the period, exclusive of Value Added Tax and trade discounts.

Intangible fixed assets

Intangible fixed assets consists of a franchise fee which is being amortised on a straight line

basis over its estimated useful economic life of ten 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 etc

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

23,150

AMORTISATION

At 1 April 2015

2,315

Amortisation for year

2,315

At 31 March 2016

4,630

NET BOOK VALUE

At 31 March 2016

18,520

At 31 March 2015

20,835

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

9,189

DEPRECIATION

At 1 April 2015

1,838

Charge for year

1,838

At 31 March 2016

3,676

NET BOOK VALUE

At 31 March 2016

5,513

At 31 March 2015

7,351

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

1

100

100