Company Registration No. 05098284 (England and Wales)
MEZZEM SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
MEZZEM SOLUTIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MEZZEM SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
4,484
4,987
Current assets
Stocks
1,167
1,241
Debtors
3,916
3,094
Cash at bank and in hand
14,408
12,741
19,491
17,076
Creditors: amounts falling due within one year
(18,209)
(19,952)
Net current assets/(liabilities)
1,282
(2,876)
Total assets less current liabilities
5,766
2,111
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
5,666
2,011
Shareholders' funds
5,766
2,111
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 1 December 2016
M Blunden
Director
Company Registration No. 05098284
MEZZEM SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT .
.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2015
48,000
23,742
71,742
Additions
-
992
992
At 31 March 2016
48,000
24,734
72,734
Depreciation
At 1 April 2015
48,000
18,755
66,755
Charge for the year
-
1,495
1,495
At 31 March 2016
48,000
20,250
68,250
Net book value
At 31 March 2016
-
4,484
4,484
At 31 March 2015
-
4,987
4,987
MEZZEM SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Transactions with directors
At the year end, within other creditors, was an amount of £5,614 (2015: £6,754) due to E and M Blunden, company directors. The loan is interest free with no fixed repayment terms.