UTILITY_ARB_SOLUTIONS_LIM - Accounts

MECX UTILITY ARB SOLUTIONS LIMITED - Company Information

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Company Registration No. 09315166 (England and Wales)

UTILITY ARB SOLUTIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

UTILITY ARB SOLUTIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

UTILITY ARB SOLUTIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

54,391

196

Current assets

Debtors

174,721

176,118

Cash at bank and in hand

10,460

738

185,181

176,856

Creditors: amounts falling due within one year

(178,099)

(171,215)

Net current assets

7,082

5,641

Total assets less current liabilities

61,473

5,837

Creditors: amounts falling due after more than one year

(55,873)

5,600

5,837

Capital and reserves

Called up share capital

100

Profit and loss account

5,500

5,737

Shareholder's funds

5,600

5,837

For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 February 2017

Mr J B Fuller

Director

Company Registration No. 09315166

UTILITY ARB SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Plant and machinery

25% reducing balance

Computer equipment

50% straightline

Fixed assets

Tangible assets

Cost

At 1 December 2015

392

Additions

73,701

At 30 November 2016

74,093

Depreciation

At 1 December 2015

196

Charge for the year

19,506

At 30 November 2016

19,702

Net book value

At 30 November 2016

54,391

At 30 November 2015

196

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £83,379 (2015 - £68,831).

The loan is secured by the company.

UTILITY ARB SOLUTIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2016

- 3 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £15,652 (2015 - £0).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary of £1 each

100