Mere (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07270271 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

for

Mere (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr T Moran

Mr P Foster

REGISTERED OFFICE:

44 Spinney Green

Eccleston

ST HELENS

Merseyside

WA10 5AH

REGISTERED NUMBER:

07270271 (England and Wales)

ACCOUNTANTS:

GR Taylor & Co Accountants

54-56 Ormskirk Street

ST HELENS

Merseyside

WA10 2TF

FIXED ASSETS

Tangible assets

2

17,579

17,669

CURRENT ASSETS

Stocks

34,891

40,000

Debtors

3

114,275

85,440

Cash at bank

85,344

129,543

234,510

254,983

CREDITORS

Amounts falling due within one year

79,261

96,164

NET CURRENT ASSETS

155,249

158,819

TOTAL ASSETS LESS CURRENT
LIABILITIES

172,828

176,488

CREDITORS

Amounts falling due after more than one
year

18,181

23,214

NET ASSETS

154,647

153,274

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

154,645

153,272

SHAREHOLDERS' FUNDS

154,647

153,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 11 May 2017 and were signed on its behalf by:

Mr T Moran - Director

Mr P Foster - 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, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

31,118

Additions

5,771

At 31 May 2016

36,889

DEPRECIATION

At 1 June 2015

13,449

Charge for year

5,861

At 31 May 2016

19,310

NET BOOK VALUE

At 31 May 2016

17,579

At 31 May 2015

17,669

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 321 (31.5.15 - £ 321 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.16

31.5.15

value:

£

2

Ordinary

£1

2