MBE Interiors Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04917773 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

MBE Interiors Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Healy

Mrs B J Healy

SECRETARY:

Mrs B J Healy

REGISTERED OFFICE:

4 Scott House

Admirals Way

London

E14 9UG

REGISTERED NUMBER:

04917773 (England and Wales)

ACCOUNTANTS:

Grays Accountants Ltd

Chartered Accountants

Kings Works

Kings Road

Teddington

Middlesex

TW11 0QB

FIXED ASSETS

Tangible assets

2

3,846

5,688

CURRENT ASSETS

Stocks

118,816

49,721

Debtors

82,064

546,436

Cash at bank

138,601

96,328

339,481

692,485

CREDITORS

Amounts falling due within one year

252,159

586,659

NET CURRENT ASSETS

87,322

105,826

TOTAL ASSETS LESS CURRENT
LIABILITIES

91,168

111,514

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

91,166

111,512

SHAREHOLDERS' FUNDS

91,168

111,514

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 29 June 2017 and were signed on its behalf by:

M Healy - Director

Mrs B J Healy - 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 etc

-

25% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

43,203

Additions

419

At 30 September 2016

43,622

DEPRECIATION

At 1 October 2015

37,515

Charge for year

2,261

At 30 September 2016

39,776

NET BOOK VALUE

At 30 September 2016

3,846

At 30 September 2015

5,688

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

2

Ordinary

£1

2