Mesh Office Seating (UK) Ltd - Accounts to registrar (filleted) - small 17.3
Mesh Office Seating (UK) Ltd - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| MESH OFFICE SEATING (UK) LTD |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2017 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| MESH OFFICE SEATING (UK) LTD |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 7 Royal Crescent |
| Glasgow |
| G3 7SL |
| BANKERS: |
| Kilmarnock Branch |
| 96 John Finnie Street |
| Kilmarnock |
| KA1 1NY |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| STATEMENT OF FINANCIAL POSITION |
| 31 March 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 March 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 31 March 2017 |
| 1. | STATUTORY INFORMATION |
| Mesh Office Seating (UK) Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRSSE, the date of |
| transition to FRS 102 Section 1A is 1 April 2015. |
| The transition from preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1A) has |
| had no material impact on either the financial position or the financial performance as previously reported by the |
| company. |
| Turnover |
| Turnover represents net invoiced sales of office and home furniture, excluding value added tax. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Debtors |
| Debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts |
| when there is objective evidence that the asset is impaired. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash on hand and cash at bank with a short term of |
| maturity, being twelve months or less, from the opening of the deposit or similar account. |
| Creditors |
| Creditors are recognised where the company has a present obligation resulting from a past event and are |
| recognised at the settlement amount due after allowing for any trade discounts due. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2017 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 April 2016 |
| Additions |
| At 31 March 2017 |
| DEPRECIATION |
| At 1 April 2016 |
| Charge for year |
| At 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Interco - Hetleys (UK) Ltd | - | (722 | ) |
| Interco - Comfort Seating Ltd | (87,211 | ) | 435 |
| Interco - Saxen Security Ltd | (35,302 | ) | 23,834 |
| Interco - MAD Creative | 768 | 767 |
| Interco - HMS | 6,525 | - |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2017 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 45,608 | 29,743 |
| Other creditors |
| Aldermore Finance | 551,825 | 298,800 |
| Interco - Saxen Ltd | (42,850 | ) | 51,080 |
| Directors' current accounts | 786 | 7 |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans - 1-2 years |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 17,084 | 22,774 |
| The bank loan and hire purchase contracts are secured by a bond and floating charge over the assets of the |
| company. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| MESH OFFICE SEATING (UK) LTD (REGISTERED NUMBER: SC340326) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 31 March 2017 |
| 10. | RELATED PARTY DISCLOSURES |
| As at 31 March 2017 there was a balance due to Saxen Security Ltd of £35,302 (2016 - (£23,834)). No interest |
| was charged on this balance and there are no formal repayment terms. |
| As at 31 March 2017 there was a balance due to Comfort Seating Ltd of £87,211(2016 - (£435)). No interest |
| was charged on this balance and there are no formal repayment terms. |
| As at 31 March 2017 there was a balance due from M.A.D. Creative Solutions Ltd of £768 (2016 - £768). No |
| interest was charged on this balance and there are no formal repayment terms. |
| As at 31 March 2017 there was a balance due from Saxen Ltd of £42,850 (2016 - (£51,080)). No interest was |
| charged on this balance and there are no formal repayment terms. |
| As at 31 March 2017 there was a balance due from Handmade Stairs Ltd of £6,525 (2016 - Nil). No interest was |
| charged on this balance and there are no formal repayment terms. |
| During the year ended 31 March 2017 the company made rental payments of £26,400 to KWX Holdings, a |
| business in which the director, Mr G Gillespie, is the sole proprietor of. |
| No other transactions with related parties were undertaken such as are required to be disclosed under Financial |
| Reporting Standard 8. |