ME&DAVE_LTD - Accounts

ME&DAVE LIMITED - Company Information

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Company Registration No. 06325879 (England and Wales)

ME&DAVE LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ME&DAVE LTD

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ME&DAVE LTD

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

6,498

21,773

Current assets

Debtors

634,030

297,964

Cash at bank and in hand

729,687

607,497

1,363,717

905,461

Creditors: amounts falling due within one year

(337,918)

(247,822)

Net current assets

1,025,799

657,639

Total assets less current liabilities

1,032,297

679,412

Capital and reserves

Called up share capital

100

Profit and loss account

1,032,197

679,312

Shareholders' funds

1,032,297

679,412

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 9 December 2016

R Willmott

Director

Company Registration No. 06325879

ME&DAVE LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Leasehold

Plant and machinery

33.33% straight line

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

33.33% straight line

1.5

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

Fixed assets

Tangible assets

Cost

At 1 August 2015

103,118

Additions

7,220

At 31 July 2016

110,338

Depreciation

At 1 August 2015

81,345

Charge for the year

22,495

At 31 July 2016

103,840

Net book value

At 31 July 2016

6,498

At 31 July 2015

21,773

ME&DAVE LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

At the balance sheet date the company owed R Willmott £8,795 (2015 - £7) and M Davis £7,379 (2015 - £40,577).