Abbreviated Company Accounts - MERLIN ELECTRO-PLATING LIMITED

MERLIN ELECTRO-PLATING LIMITED - Company Information

SC068581 MERLIN ELECTRO-PLATING LIMITED 2016-11-30 false 2015-12-01 2016-11-30 true SC068581 2015-12-01 2016-11-30 SC068581 2016-11-30 SC068581 2015-11-30 SC068581 uk-gaap-cd-bus:Director1 2015-12-01 2016-11-30 SC068581 uk-gaap-cd-bus:Director2 2015-12-01 2016-11-30 uk-gaap-cd-bus:Director3 2015-12-01 2016-11-30 uk-gaap-cd-bus:Director3 2016-11-30 uk-gaap-cd-bus:Director3 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-01 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 iso4217:GBP shares

Registered Number SC068581

MERLIN ELECTRO-PLATING LIMITED

Abbreviated Accounts

30 November 2016

MERLIN ELECTRO-PLATING LIMITED Registered Number SC068581

Abbreviated Balance Sheet as at 30 November 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	124,072	129,292
		124,072	129,292
Current assets
Stocks		15,741	16,090
Debtors		176,806	210,626
Cash at bank and in hand		8,717	10,279
		201,264	236,995
Creditors: amounts falling due within one year	3	(112,184)	(131,981)
Net current assets (liabilities)		89,080	105,014
Total assets less current liabilities		213,152	234,306
Creditors: amounts falling due after more than one year	3	(41,378)	(45,515)
Provisions for liabilities		(1,690)	(4,672)
Total net assets (liabilities)		170,084	184,119
Capital and reserves
Called up share capital	4	34	34
Other reserves		68	68
Profit and loss account		169,982	184,017
Shareholders' funds		170,084	184,119

For the year ending 30 November 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 30 August 2017

And signed on their behalf by:
Mr A Machray, Director

MERLIN ELECTRO-PLATING LIMITED Registered Number SC068581

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of trade discounts, VAT and other sales related taxes.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Heritable Property - 2% Straight Line
Plant & Machinery - 15% Straight Line
Motor Vehicles - 25% Straight Line
Computer Equipment - 33% Straight Line

Other accounting policies
Stocks

Stocks are valued at lower of cost and net realisable value.

Hire Purchase Agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

Deferred Taxation

Deferred tax is recognised in respect of timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non - discounted basis.

2Tangible fixed assets

	£
Cost
At 1 December 2015	289,988
Additions	28,854
Disposals	(27,074)
Revaluations	-
Transfers	-
At 30 November 2016	291,768
Depreciation
At 1 December 2015	160,696
Charge for the year	21,101
On disposals	(14,101)
At 30 November 2016	167,696
Net book values
At 30 November 2016	124,072
At 30 November 2015	129,292

3Creditors

	2016 £	2015 £
Secured Debts	3,356	3,218

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
34 Ordinary shares of £1 each	34	34

5Transactions with directors

Name of director receiving advance or credit:	Mr A Machray
Description of the transaction:	Directors Loan Account
Balance at 1 December 2015:	£ 1,241
Advances or credits made:	£ 1,387
Advances or credits repaid:	-
Balance at 30 November 2016:	£ 2,628

The loan is interest free and repayable on demand.