REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
|
FOR |
|
METCALF ( LEENSIDE) LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2015 |
|
FOR |
|
METCALF ( LEENSIDE) LIMITED |
METCALF ( LEENSIDE) LIMITED (REGISTERED NUMBER: 01304471) |
|
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 3 |
|
Chartered Certified Accountants' Report | 5 |
METCALF ( LEENSIDE) LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MAY 2015 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
|
|
|
|
METCALF ( LEENSIDE) LIMITED (REGISTERED NUMBER: 01304471) |
|
ABBREVIATED BALANCE SHEET |
31 MAY 2015 |
|
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 3 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 3 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 4 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 were approved by the director on
|
|
|
|
|
|
|
|
METCALF ( LEENSIDE) LIMITED (REGISTERED NUMBER: 01304471) |
|
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MAY 2015 |
|
|
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 April 2008). |
|
Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
|
Goodwill |
The value of the goodwill included in the accounts was reviewed by the directors in 1997 and amortised in full in the |
accounts for the period ended 31 May 1997. |
|
Tangible fixed assets |
|
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
Computer equipment | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
|
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 |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
|
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
lease. |
|
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 the profit and loss account in the period to which they relate. |
|
Going concern |
As a routine part of his duty to review these financial statements, the director has considered the advice of the Financial |
Reporting Council on going concern and liquidity risk, and whether it is appropriate to draw up these accounts on a going |
concern basis. The director has considered the level of available reserves and the forecast turnover and profitability for the |
current period. He is confident that the company will improve its turnover levels and generate profits and hence considers |
the going concern basis to be an appropriate one upon which to draw up these financial statements . |
METCALF ( LEENSIDE) LIMITED (REGISTERED NUMBER: 01304471) |
|
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MAY 2015 |
|
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2014 |
|
Additions |
|
At 31 May 2015 |
|
DEPRECIATION |
At 1 June 2014 |
|
Charge for year |
|
At 31 May 2015 |
|
NET BOOK VALUE |
At 31 May 2015 |
|
At 31 May 2014 |
|
|
3. | CREDITORS |
|
Creditors include an amount of £
|
|
4. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
|
Ordinary | 1 |
|
|
|
5. | RELATED PARTY DISCLOSURES |
|
Mr D Bridgeman |
|
Controlling shareholder |
|
|
The controlling shareholder Mr. D Bridgeman owns the freehold of the premises occupied by the company. Rent is charged |
to the company on a commercial basis. The amount so charged in these financial statements is £12,000 (2014, £12,000). No |
amount was outstanding at the year end. |
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
METCALF ( LEENSIDE) LIMITED |
|
|
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited |
financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial |
statements of Metcalf ( Leenside) Limited for the year ended 31 May 2015 which comprise the Profit and Loss Account, the Balance |
Sheet, and the related notes from the company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com. |
|
This report is made solely to the director of Metcalf ( Leenside) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Metcalf ( Leenside) Limited and state those matters that we have agreed to state to the director of Metcalf ( Leenside) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Metcalf ( Leenside) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Metcalf ( Leenside) Limited. You consider that Metcalf ( Leenside) Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Metcalf ( Leenside) Limited. For this |
reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given |
to us and we do not, therefore, express any opinion on the statutory financial statements. |
|
|
|
|
|
|
|
Chartered Certified Accountants |
|
|
|
|
|
|
27 October 2015 |