Conmeg Limited - Abbreviated accounts 16.1

Conmeg Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: SC182511(Scotland)















Abbreviated Accounts for the Year Ended 31 January 2016

for

Conmeg Limited

Conmeg Limited (Registered number: SC182511)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Conmeg Limited

Company Information
for the Year Ended 31 January 2016







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

Conmeg Limited (Registered number: SC182511)

Abbreviated Balance Sheet
31 January 2016

31.1.16 31.1.15
Notes £    £    £    £   
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 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 2016and were signed by:




N S Buckley- Director


Conmeg Limited (Registered number: SC182511)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2016

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 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.