Abbreviated Company Accounts - MEADOWLARK 39 LIMITED

Abbreviated Company Accounts - MEADOWLARK 39 LIMITED

MEADOWLARK 39 LIMITED - Company Information

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Registered Number SC466500

MEADOWLARK 39 LIMITED

Abbreviated Accounts

31 March 2016

MEADOWLARK 39 LIMITED Registered Number SC466500

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 153,507 146,659
153,507 146,659
Current assets
Stocks 2,000 1,500
Debtors 3 - 345
Cash at bank and in hand 5,510 5,745
7,510 7,590
Creditors: amounts falling due within one year (135,811) (121,983)
Net current assets (liabilities) (128,301) (114,393)
Total assets less current liabilities 25,206 32,266
Creditors: amounts falling due after more than one year (49,908) (52,608)
Total net assets (liabilities) (24,702) (20,342)
Capital and reserves
Called up share capital 4 120 120
Profit and loss account (24,822) (20,462)
Shareholders' funds (24,702) (20,342)
  • For the year ending 31 March 2016 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 13 December 2016

And signed on their behalf by:
Penny Horner, Director

MEADOWLARK 39 LIMITED Registered Number SC466500

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its estimated useful life as follows:

Land and Buildings Freehold 50 years
Land and Buildings Leasehold 21 years
Plant and Machinery 4 years

2Tangible fixed assets
£
Cost
At 1 April 2015 152,652
Additions 13,625
Disposals -
Revaluations -
Transfers -
At 31 March 2016 166,277
Depreciation
At 1 April 2015 5,993
Charge for the year 6,777
On disposals -
At 31 March 2016 12,770
Net book values
At 31 March 2016 153,507
At 31 March 2015 146,659
3Debtors
2016
£		 2015
£
Debtors include the following amounts due after more than one year - 345
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
120 Ordinary shares of £1 each 120 120

5Transactions with directors

Name of director receiving advance or credit: Ms Penny Horner
Description of the transaction: Interest free loan
Balance at 1 April 2015: £ 67,725
Advances or credits made: £ 8,850
Advances or credits repaid: -
Balance at 31 March 2016: £ 76,575
Name of director receiving advance or credit: Ms Eleanor O'Donnell
Description of the transaction: Interest free loan
Balance at 1 April 2015: £ 35,965
Advances or credits made: -
Advances or credits repaid: -
Balance at 31 March 2016: £ 35,965
Name of director receiving advance or credit: Ms Karen Kirkness
Description of the transaction: Interest free loan
Balance at 1 April 2015: £ 12,580
Advances or credits made: -
Advances or credits repaid: -
Balance at 31 March 2016: £ 12,580