Abbreviated Company Accounts - MERCIAN ABILITY PARTNERSHIP

Abbreviated Company Accounts - MERCIAN ABILITY PARTNERSHIP

MERCIAN ABILITY PARTNERSHIP - Company Information

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Registered Number 07055185

MERCIAN ABILITY PARTNERSHIP

Abbreviated Accounts

31 October 2016

MERCIAN ABILITY PARTNERSHIP Registered Number 07055185

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets - -
Tangible assets 3 19,068 24,820
19,068 24,820
Current assets
Stocks 4,041 4,612
Debtors 80 -
Investments - -
Cash at bank and in hand 6,693 5,401
10,814 10,013
Prepayments and accrued income 13 22
Creditors: amounts falling due within one year (56) (81)
Net current assets (liabilities) 10,771 9,954
Total assets less current liabilities 29,839 34,774
Accruals and deferred income (8) (2,214)
Total net assets (liabilities) 29,831 32,560
Reserves
Other reserves 32,560 27,860
Income and expenditure account (2,729) 4,700
Members' funds 29,831 32,560
  • For the year ending 31 October 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 1 March 2017

And signed on their behalf by:
T. A. Dix, Director
M. E. White, Director

MERCIAN ABILITY PARTNERSHIP Registered Number 07055185

Notes to the Abbreviated Accounts for the period ended 31 October 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.

Tangible assets depreciation policy
25% reducing balance

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 November 2015 50,897
Additions 605
Disposals 0
Revaluations 0
Transfers 0
At 31 October 2016 51,502
Depreciation
At 1 November 2015 26,077
Charge for the year 6,357
On disposals 0
At 31 October 2016 32,434
Net book values
At 31 October 2016 19,068
At 31 October 2015 24,820