Abbreviated Company Accounts - MERXIN LTD

09906813 MERXIN LTD 2016-12-31 false 2015-12-08 2016-12-31 true 09906813 2015-12-08 2016-12-31 09906813 2016-12-31 09906813 uk-gaap-cd-bus:Director1 2015-12-08 2016-12-31 09906813 uk-gaap-cd-bus:Director2 2015-12-08 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-08 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-12-31 iso4217:GBP shares

Registered Number 09906813

MERXIN LTD

Abbreviated Accounts

31 December 2016

MERXIN LTD Registered Number 09906813

Abbreviated Balance Sheet as at 31 December 2016

	Notes	2016
		£
Fixed assets
Tangible assets	2	68,714
		68,714
Current assets
Debtors		46,666
Cash at bank and in hand		423,546
		470,212
Creditors: amounts falling due within one year		(390,656)
Net current assets (liabilities)		79,556
Total assets less current liabilities		148,270
Creditors: amounts falling due after more than one year		(80,000)
Total net assets (liabilities)		68,270
Capital and reserves
Called up share capital	3	10
Profit and loss account		68,260
Shareholders' funds		68,270

For the year ending 31 December 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 8 September 2017

And signed on their behalf by:
G PURKINS, Director
P ROGUEDA, Director

MERXIN LTD Registered Number 09906813

Notes to the Abbreviated Accounts for the period ended 31 December 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 net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- 20% reducing balance.

2Tangible fixed assets

	£
Cost
Additions	85,892
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	85,892
Depreciation
Charge for the year	17,178
On disposals	-
At 31 December 2016	17,178
Net book values
At 31 December 2016	68,714

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £
1,000 Ordinary shares of £0.01 each	10

The ordinary share capital is split equally between Ordinary A shares, Ordinary B shares, Ordinary C shares and Ordinary D shares. They have equal voting and distribution rights.