Merco (Tyre Management) Limited,Ltd - Accounts

MERCO (TYRE MANAGEMENT) LTD - Company Information

2015-04-01 05810677 2016-03-31 05810677 2015-04-01 2016-03-31 05810677 2015-03-31 05810677 2014-04-01 2015-03-31 05810677 uk-core:WithinOneYear 2015-03-31 05810677 uk-core:WithinOneYear 2016-03-31 05810677 uk-core:ShareCapital 2016-03-31 05810677 uk-core:ShareCapital 2015-03-31 05810677 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 05810677 uk-core:RetainedEarningsAccumulatedLosses 2015-03-31 05810677 uk-bus:Director1 2015-04-01 2016-03-31 05810677 uk-core:Buildings 2015-04-01 2016-03-31 05810677 uk-core:PlantMachinery 2015-04-01 2016-03-31 05810677 uk-core:ToolsEquipment 2015-04-01 2016-03-31 05810677 uk-core:Vehicles 2015-04-01 2016-03-31 05810677 uk-core:FurnitureFittings 2015-04-01 2016-03-31 05810677 uk-core:ToolsEquipment 2015-03-31 05810677 uk-core:FurnitureFittings 2015-03-31 05810677 uk-core:Vehicles 2015-03-31 05810677 uk-core:PlantMachinery 2015-03-31 05810677 uk-core:Buildings 2015-03-31 05810677 uk-core:Buildings 2016-03-31 05810677 uk-core:Vehicles 2016-03-31 05810677 uk-core:FurnitureFittings 2016-03-31 05810677 uk-core:ToolsEquipment 2016-03-31 05810677 uk-core:PlantMachinery 2016-03-31 05810677 uk-core:CostValuation 2015-03-31 05810677 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2015-03-31 05810677 uk-core:AdditionsToInvestments 2016-03-31 05810677 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2016-03-31 05810677 uk-core:RevaluationsIncreaseDecreaseInInvestments 2016-03-31 05810677 uk-core:RevaluationsIncreaseDecreaseInInvestments uk-core:Non-currentFinancialInstruments 2016-03-31 05810677 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2016-03-31 05810677 uk-core:CostValuation 2016-03-31 05810677 uk-core:Non-currentFinancialInstruments 2016-03-31 05810677 uk-core:Non-currentFinancialInstruments 2015-03-31 iso4217:GBP 05810677 uk-bus:AuditExemptWithAccountantsReport 2015-04-01 2016-03-31 05810677 uk-bus:FRS102 2015-04-01 2016-03-31 05810677 uk-bus:FullAccounts 2015-04-01 2016-03-31 05810677 uk-bus:PrivateLimitedCompanyLtd 2015-04-01 2016-03-31

Draft

Merco (Tyre Management) Limited

Registered Number:05810677

For the year ended 31 March 2016

England and Wales

Unaudited Financial Statements

Draft

For the year ended 31 March 2016

Merco (Tyre Management) Limited

Contents Page

Statement of Financial Position

2 to 4

Notes to the Financial Statements

Draft

As at 31 March 2016

Merco (Tyre Management) Limited

Statement of Financial Position

Registered Number :

05810677

2015

2016

Notes

Fixed assets

Property, plant and equipment

166,090

110,185

Financial assets

33,118

27,411

193,501

143,303

Current assets

Trade and other receivables

251,772

170,893

160,918

Cash and cash equivalents

128,256

299,149

412,690

Trade and other payables: amounts falling due within one

year

(405,621)

(289,170)

7,069

9,979

Net current assets

Total assets less current liabilities

203,480

150,372

(65,000)

Provisions for liabilities

138,480

Net assets

150,372

Capital and reserves

Called up share capital

Retained earnings

138,478

150,370

138,480

150,372

Shareholders' funds

For the year ended 31 March 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 proper 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 Section

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Maurice Raine Director

These financial statements were approved and authorised for issue by the Board on 18 November 2016 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 31 March 2016

Merco (Tyre Management) Limited

Notes to the Financial Statements

Statutory Information

Merco (Tyre Management) Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05810677.

Registered address:

Dean & Chapter Industrial Esta

FERRYHILL

Co. Durham

DL17 8LN

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold land and buildings

5% Straight line

Plant and machinery

25% Straight line

Computer equipment

25% Straight line

Motor vehicles

15% Straight line

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.

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Draft

For the year ended 31 March 2016

Merco (Tyre Management) Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Freehold land

and buildings

Cost or

valuation

At 01 April 2015

238,469

7,306

10,893

98,599

80,324

41,347

92,214

499

28,166

10,000

53,549

Additions

At 31 March 2016

94,896

126,765

10,893

7,805

330,683

90,324

Provision for depreciation and impairment

At 01 April 2015

128,284

6,491

5,748

57,884

48,864

9,297

Charge for year

36,309

614

1,635

15,266

12,545

6,249

At 31 March 2016

164,593

7,105

7,383

73,150

61,409

15,546

At 31 March 2016

Net book value

79,350

28,915

53,615

3,510

700

166,090

32,050

31,460

40,715

5,145

815

110,185

At 31 March 2015

3. Investments held as fixed assets

Other investments

Total

At 01 April 2015

33,118

Cost

6,218

Additions

(11,925)

Revaluations

At 31 March 2016

27,411

At 31 March 2016

Net book value

27,411

At 01 April 2015

33,118

4. Trade and other receivables

2015

2016

Trade debtors

154,592

226,290

Other debtors

16,301

25,482

251,772

170,893

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Draft

For the year ended 31 March 2016

Merco (Tyre Management) Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2015

2016

Trade creditors

205,298

302,848

Taxation and social security

11,085

Other creditors

83,872

91,688

289,170

405,621

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