Conmeg Limited - Accounts to registrar - small 17.1.1

Conmeg Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: SC182511(Scotland)















Financial Statements for the Year Ended 31 January 2017

for

Conmeg Limited

Conmeg Limited (Registered number: SC182511)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Conmeg Limited

Company Information
for the Year Ended 31 January 2017







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)

Balance Sheet
31 January 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 133

CURRENT ASSETS
Stocks 6,744 5,198
Debtors 5 20,190 22,473
Cash at bank 2,902 1,029
29,836 28,700
CREDITORS
Amounts falling due within one year 6 29,431 27,347
NET CURRENT ASSETS 405 1,353
TOTAL ASSETS LESS CURRENT
LIABILITIES

405

1,486

PROVISIONS FOR LIABILITIES - 9
NET ASSETS 405 1,477

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 395 1,467
SHAREHOLDERS' FUNDS 405 1,477

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 June 2017and were signed by:



N S Buckley- Director


Conmeg Limited (Registered number: SC182511)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Conmeg Limited is a private company, limited by shares, registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1.

Conmeg Limited (Registered number: SC182511)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2017

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2016
and 31 January 2017 233 4,950 5,183
DEPRECIATION
At 1 February 2016 233 4,817 5,050
Charge for year - 133 133
At 31 January 2017 233 4,950 5,183
NET BOOK VALUE
At 31 January 2017 - - -
At 31 January 2016 - 133 133

5. DEBTORS
31.1.17 31.1.16
£    £   
Amounts falling due within one year:
Trade debtors - 7,147
Other debtors 16,107 15,326
16,107 22,473

Amounts falling due after more than one year:
Other debtors 4,083 -

Aggregate amounts 20,190 22,473

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors 180 -
Taxation and social security 27,750 25,754
Other creditors 1,501 1,593
29,431 27,347

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director, N S Buckley was indebted to the company to the value of £16,107 (2016 - £15,326).
This amount remained outstanding at 31st January 2017 and is included within Other debtors in the notes to the
accounts.

During the period the director N S Buckley received net dividends totalling £62,000 from the company.

8. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director N S Buckley by virtue of his majority 90% holding
in the ordinary share capital of the company.