John Merison (Building Maintenance Contr - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03401473 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

John Merison (Building Maintenance

Contractors) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Merison

SECRETARY:

Mrs J C Merison

REGISTERED OFFICE:

2a Thornborough Road

Coalville

Leicestershire

LE67 3TH

REGISTERED NUMBER:

03401473 (England and Wales)

ACCOUNTANTS:

Sence Accounting Limited

57 High Street

Ibstock

Leicestershire

LE67 6LH

FIXED ASSETS

Tangible assets

4

161,459

142,129

CURRENT ASSETS

Stocks

25,442

37,555

Debtors

5

153,910

153,007

Cash at bank and in hand

69,905

54,121

249,257

244,683

CREDITORS

Amounts falling due within one year

6

168,570

179,128

NET CURRENT ASSETS

80,687

65,555

TOTAL ASSETS LESS CURRENT LIABILITIES

242,146

207,684

CREDITORS

Amounts falling due after more than one year

7

(18,408

)

-

PROVISIONS FOR LIABILITIES

(816

)

(816

)

NET ASSETS

222,922

206,868

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

222,822

206,768

SHAREHOLDERS' FUNDS

222,922

206,868

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 August 2017 and were signed by:

J Merison - Director

1.	STATUTORY INFORMATION

John Merison (Building Maintenance Contractors) Limited is a private company, limited by shares , registered in

England and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 and 25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

353,919

Additions

54,945

Disposals

(192,452

)

At 31 December 2016

216,412

DEPRECIATION

At 1 January 2016

211,790

Charge for year

27,257

Eliminated on disposal

(184,094

)

At 31 December 2016

54,953

NET BOOK VALUE

At 31 December 2016

161,459

At 31 December 2015

142,129

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

141,226

109,144

Other debtors

12,684

43,863

153,910

153,007

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

10,065

-

Trade creditors

98,914

124,257

Taxation and social security

37,138

33,007

Other creditors

22,453

21,864

168,570

179,128

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

18,408

-

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2016 and

31 December 2015:

31.12.16

31.12.15

£

£

J Merison

Balance outstanding at start of year

(21,684

)

(22,008

)

Amounts advanced

336

324

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(21,348

)

(21,684

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J Merison.

10.	FIRST YEAR ADOPTION OF FRS 102A

The policies applied under the entity's previous accounting framework are not materially different to FRS 102A

and have not impacted on equity or retained earnings.