Company Registration No. 07746709 (England and Wales)
M.R. Drains Ltd
Unaudited accounts
for the year ended 31 August 2017
M.R. Drains Ltd
Unaudited accounts
Contents
M.R. Drains Ltd
Statement of financial position
as at
31 August 2017
Cash at bank and in hand
20,294
Creditors: amounts falling due within one year
(34,012)
Net current liabilities
(6,528)
Total assets less current liabilities
19,873
Creditors: amounts falling due after more than one year
(8,906)
Provisions for liabilities
Called up share capital
15
Profit and loss account
5,752
Shareholders' funds
5,767
For the year ending 31 August 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 22 May 2017.
Matthew Roberts
Director
Company Registration No. 07746709
M.R. Drains Ltd
Notes to the Accounts
for the year ended 31 August 2017
M.R. Drains Ltd is a private company, limited by shares, registered in England and Wales, registration number 07746709. The registered office is Highclere House, Church Road, Windlesham, Surrey, GU20 6BS.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2016.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Total
At 1 September 2016
85,786
At 1 September 2016
50,584
Charge for the year
8,801
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Average number of employees
During the year the average number of employees was 2.