Metric Carpets of Norfolk Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07554079 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016

FOR

METRIC CARPETS OF NORFOLK LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

A C Allen

G R Allen

REGISTERED OFFICE:

11 King Street

Kings Lynn

Norfolk

PE30 1ET

REGISTERED NUMBER:

07554079 (England and Wales)

ACCOUNTANTS:

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

CURRENT ASSETS

Debtors

7,800

14,264

Cash at bank

6,713

998

14,513

15,262

CREDITORS

Amounts falling due within one year

12,254

14,778

NET CURRENT ASSETS

2,259

484

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,259

484

CAPITAL AND RESERVES

Called up share capital

2

300

Profit and loss account

1,959

184

SHAREHOLDERS' FUNDS

2,259

484

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 20 December 2016 and were signed on its behalf
by:

A C Allen - 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 services, excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

These financial statements have been prepared on the going concern basis. The directors have considered this

basis to be appropriate but have not assessed a period in excess of 12 months from the date of approving the

accounts.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

100

Ordinary A

£1

100

Ordinary B

£1

100

Ordinary C

£1

100

300

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015:

31.7.16

31.7.15

£

A C Allen

Balance outstanding at start of year

6,919

(353

)

Amounts advanced

-

7,272

Amounts repaid

(6,919

)

-

Balance outstanding at end of year

-

6,919

G R Allen

Balance outstanding at start of year

5,340

(976

)

Amounts advanced

-

6,316

Amounts repaid

(5,340

)

-

Balance outstanding at end of year

-

5,340

The outstanding balances owed by the directors were paid back to the company within nine months of the year

end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Metric Carpets of Norfolk Limited for the year ended 31 July 2016 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Metric Carpets of Norfolk Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Metric Carpets of Norfolk Limited and state those matters that we have agreed to state to the Board of Directors of Metric Carpets of Norfolk Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metric Carpets of Norfolk Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Metric Carpets of Norfolk Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Metric Carpets of Norfolk Limited. You consider that Metric Carpets of Norfolk Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Metric Carpets of Norfolk Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirby and Haslam

Chartered Accountants

11 King Street

King's Lynn

Norfolk

PE30 1ET

20 December 2016