Conmeg Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC182511 (Scotland)

Abbreviated Accounts for the Year Ended 31 January 2016

for

Conmeg Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

N S Buckley

SECRETARY:

Mrs C Buckley

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

REGISTERED NUMBER:

SC182511 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

FIXED ASSETS

Tangible assets

2

133

266

CURRENT ASSETS

Stocks

5,198

4,250

Debtors

22,473

21,959

Cash at bank

1,029

7,382

28,700

33,591

CREDITORS

Amounts falling due within one year

27,347

31,673

NET CURRENT ASSETS

1,353

1,918

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,486

2,184

PROVISIONS FOR LIABILITIES

9

31

NET ASSETS

1,477

2,153

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

1,467

2,143

SHAREHOLDERS' FUNDS

1,477

2,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 27 October 2016 and were signed by:

N S Buckley - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, 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.

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

5,183

DEPRECIATION

At 1 February 2015

4,917

Charge for year

133

At 31 January 2016

5,050

NET BOOK VALUE

At 31 January 2016

133

At 31 January 2015

266

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

10

Ordinary

£1.00

10

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director, N S Buckley was indebted to the company to the value of £15,326 (2015 - £21,959).

This amount remained outstanding at 31st January 2016 and is included within Other debtors in the notes to the

accounts.

During the period the director N S Buckley received net dividends totalling £51,000 from the company.