MEVCO Ltd - Limited company - abbreviated

REGISTERED NUMBER: SC371802 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

MEVCO Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTOR:

G R Walker

REGISTERED OFFICE:

3rd Floor

Regent House

113 West Regent Street

Glasgow

G2 2RU

REGISTERED NUMBER:

SC371802 (Scotland)

ACCOUNTANTS:

Key Professional Partnership

3rd Floor

Regent House

113 West Regent Street

Glasgow

Lanarkshire

G2 2RU

FIXED ASSETS

Tangible assets

2

41,609

CURRENT ASSETS

Stocks

50,000

Debtors

12,709

36,649

Cash at bank and in hand

101

2,868

62,810

89,517

CREDITORS

Amounts falling due within one year

11,362

31,809

NET CURRENT ASSETS

51,448

57,708

TOTAL ASSETS LESS CURRENT
LIABILITIES

93,057

99,317

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

92,957

99,217

SHAREHOLDERS' FUNDS

93,057

99,317

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 October 2015 and were signed by:

G R Walker - Director

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 services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2014

and 31 January 2015

41,609

NET BOOK VALUE

At 31 January 2015

41,609

At 31 January 2014

41,609

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.15

31.1.14

value:

£

1

Ordinary

£1

100

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 three)

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 MEVCO Ltd for the year ended 31 January 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 Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the director of MEVCO Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MEVCO Ltd and state those matters that we have agreed to state to the director of MEVCO Ltd in this report in accordance with the requirements of the Institute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. 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 MEVCO Ltd 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 MEVCO Ltd. You consider that MEVCO Ltd 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 MEVCO Ltd. 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.

Key Professional Partnership

3rd Floor

Regent House

113 West Regent Street

Glasgow

Lanarkshire

G2 2RU

Date: .............................................

MEVCO Ltd - Limited company - abbreviated - 11.6

MEVCO Ltd - Limited company - abbreviated - 11.6