For the year ended 02 April 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03539672
MRO Projects Limited
For the year ended 02 April 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Notes to the Abbreviated Financial Statements
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MRO Projects Limited
For the year ended 02 April 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
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Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
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The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Dividends paid on ordinary shares on 31st March 2016 totalled £35,625.00
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Computer Equipment
3,049
3,049
1,529
304
Charge for year
1,833
1,216
1,520
2 of 3
Notes to the Abbreviated Financial Statements
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MRO Projects Limited
For the year ended 02 April 2016
Allotted called up and fully paid
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2016
2015
2
Ordinary shares of £
1
.
00
each
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2
2
2
2
3 of 3