Abbreviated Company Accounts - M.E.C. SIGNS LIMITED

Abbreviated Company Accounts - M.E.C. SIGNS LIMITED

M.E.C. SIGNS LIMITED - Company Information

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Registered Number 00733335

M.E.C. SIGNS LIMITED

Abbreviated Accounts

30 April 2016

M.E.C. SIGNS LIMITED Registered Number 00733335

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 12,367 6,486
12,367 6,486
Current assets
Stocks 3,000 6,500
Debtors 27,191 40,963
Cash at bank and in hand 7,455 20,094
37,646 67,557
Creditors: amounts falling due within one year (21,436) (21,392)
Net current assets (liabilities) 16,210 46,165
Total assets less current liabilities 28,577 52,651
Creditors: amounts falling due after more than one year (98,402) (89,467)
Provisions for liabilities (1,537) (1,537)
Total net assets (liabilities) (71,362) (38,353)
Capital and reserves
Called up share capital 375 375
Profit and loss account (71,737) (38,728)
Shareholders' funds (71,362) (38,353)
  • For the year ending 30 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 November 2016

And signed on their behalf by:
S TURNER, Director

M.E.C. SIGNS LIMITED Registered Number 00733335

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives
Plant and machinery 15% Reducing Balance
Motor Vehicles 15% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 May 2015 155,628
Additions 8,279
Disposals (18,793)
Revaluations -
Transfers -
At 30 April 2016 145,114
Depreciation
At 1 May 2015 149,142
Charge for the year 2,183
On disposals (18,578)
At 30 April 2016 132,747
Net book values
At 30 April 2016 12,367
At 30 April 2015 6,486