Meriworth Builders Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08181147 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Meriworth Builders Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J L Merriott

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

08181147 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

2

18,597

25,573

CURRENT ASSETS

Debtors

32,944

25,606

Cash at bank and in hand

70,119

34,200

103,063

59,806

CREDITORS

Amounts falling due within one year

47,560

36,242

NET CURRENT ASSETS

55,503

23,564

TOTAL ASSETS LESS CURRENT
LIABILITIES

74,100

49,137

CREDITORS

Amounts falling due after more than one
year

(4,462

)

(6,617

)

PROVISIONS FOR LIABILITIES

-

(4,078

)

NET ASSETS

69,638

38,442

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

69,636

38,440

SHAREHOLDERS' FUNDS

69,638

38,442

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

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

J L Merriott - 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 and services, excluding value added tax, except in respect of

service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

38,035

Additions

488

Disposals

(3,000

)

At 31 August 2016

35,523

DEPRECIATION

At 1 September 2015

12,462

Charge for year

6,198

Eliminated on disposal

(1,734

)

At 31 August 2016

16,926

NET BOOK VALUE

At 31 August 2016

18,597

At 31 August 2015

25,573

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

2

Ordinary

£1.00

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed Mr J L Merriott £5,483 (2015 - £6,407) who is a director of the

company.

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £27,500 were paid to the directors .

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J L Merriott.