Metro Repro Limited - Abbreviated accounts 16.3

Metro Repro Limited - Abbreviated accounts 16.3


027230251.4.1531.3.1631.3.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsefalsetruefalseOrdinary1.000007442982874429084744iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure027230252015-03-31027230252016-03-31027230252015-04-012016-03-31027230252014-03-31027230252014-04-012015-03-31027230252015-03-3102723025ns12:England2015-04-012016-03-3102723025ns14:PoundSterling2015-04-012016-03-3102723025ns7:Director12015-04-012016-03-3102723025ns7:OrdinaryShareClass12015-04-012016-03-3102723025ns7:Director22015-03-3102723025ns7:Director22014-03-3102723025ns7:Director22015-04-012016-03-3102723025ns7:Director22014-04-012015-03-3102723025ns7:Director22015-03-3102723025ns7:Director32015-04-012016-03-3102723025ns7:CompanySecretary2015-04-012016-03-3102723025ns7:RegisteredOffice2015-04-012016-03-3102723025ns7:EntityAccountantsOrAuditors2015-04-012016-03-3102723025ns7:EntityBankers2015-04-012016-03-3102723025ns7:EntityLawyersOrLegalAdvisers2015-04-012016-03-3102723025ns5:PlantMachinery2015-04-012016-03-3102723025ns5:FixturesFittings2015-04-012016-03-3102723025ns5:MotorVehicles2015-04-012016-03-3102723025ns5:FixedAssetInvestmentsOtherThanLoans2016-03-3102723025ns5:FixedAssetInvestmentsOtherThanLoans2015-03-3102723025ns7:OrdinaryShareClass12016-03-3102723025ns7:OrdinaryShareClass12015-03-3102723025ns7:Director12015-03-3102723025ns7:Director12014-03-3102723025ns7:Director12014-04-012015-03-3102723025ns7:Director12016-03-3102723025ns7:Director12015-03-3102723025ns7:Director32015-03-3102723025ns7:Director32014-03-3102723025ns7:Director32014-04-012015-03-3102723025ns7:Director32016-03-3102723025ns7:Director32015-03-31
REGISTERED NUMBER: 02723025(England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

METRO REPRO LIMITED

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

METRO REPRO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTORS: Mr R H Foster
Mrs H H Foster
Mr P R Foster



SECRETARY: Mrs H H Foster



REGISTERED OFFICE: B I House
Carliol Square
Newcastle upon Tyne
Tyne and Wear
NE1 6UF



REGISTERED NUMBER: 02723025(England and Wales)



ACCOUNTANTS: Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ



BANKERS: Barclays Bank Plc
Percy Street
Newcastle upon Tyne
Tyne and Wear
NE1 4QL



SOLICITORS: Ward Hadaway
Newcastle upon Tyne
Tyne and Wear

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 134,888 116,136
Investments 4 40,145 40,145
175,033 156,281

CURRENT ASSETS
Stocks 10,000 8,000
Debtors 112,616 129,555
Cash at bank 658,792 617,136
781,408 754,691
CREDITORS
Amounts falling due within one year 101,770 107,271
NET CURRENT ASSETS 679,638 647,420
TOTAL ASSETS LESS CURRENT
LIABILITIES

854,671

803,701

PROVISIONS FOR LIABILITIES (11,041 ) (4,965 )

ACCRUALS AND DEFERRED INCOME - (1,295 )
NET ASSETS 843,630 797,441

CAPITAL AND RESERVES
Called up share capital 5 106,000 106,000
Revaluation reserve 495 495
Profit and loss account 737,135 690,946
SHAREHOLDERS' FUNDS 843,630 797,441

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 Board of Directors on 23 December 2016and were signed on its behalf
by:





Mr R H Foster- Director


METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis on the grounds that current and future
sources of funding or support will be more than adequate for the company's needs. The directors have
considered a period of twelve months from the date of approval of the financial statements and believe that no
further disclosures relating to the company's ability to continue as a going concern need to be made in the
financial statements

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1993, is being amortised evenly over its estimated useful life of twenty years.

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

Plant and machinery - 33% on cost and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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. No discounting has been applied to deferred tax.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Cash flow statements
The company has taken advantage of the exemption in Financial Reporting Standard Number 1 from producing a
cash flow statement on the grounds that it is a small company.

Government grants
Grants for capital expenditure are deferred and released to the profit and loss account over the useful economic
life of the asset.

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 224,237
AMORTISATION
At 1 April 2015
and 31 March 2016 224,237
NET BOOK VALUE

At 31 March 2016 -
At 31 March 2015 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 243,278
Additions 59,275
Disposals (8,600 )
At 31 March 2016 293,953
DEPRECIATION
At 1 April 2015 127,142
Charge for year 35,686
Eliminated on disposal (3,763 )
At 31 March 2016 159,065
NET BOOK VALUE
At 31 March 2016 134,888
At 31 March 2015 116,136

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2015
and 31 March 2016 40,145
NET BOOK VALUE
At 31 March 2016 40,145
At 31 March 2015 40,145

METRO REPRO LIMITED (REGISTERED NUMBER: 02723025)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2016

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
106,000 Ordinary £1 106,000 106,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2016 and
31 March 2015:

2016 2015
£    £   
Mr R H Fosterand Mrs H H Foster
Balance outstanding at start of year 744 29,828
Amounts repaid (744 ) (29,084 )
Balance outstanding at end of year - 744

Mr P R Foster
Balance outstanding at start of year 20,099 14,076
Amounts advanced - 6,023
Amounts repaid (1,600 ) -
Balance outstanding at end of year 18,499 20,099

Interest has been charged on the above loans at the official rate.