M & N Contracts Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: NI045351 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

M & N Contracts Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Neeson

SECRETARY:

Mrs F Neeson

REGISTERED OFFICE:

18 Market Road

Ballymena

BT43 7PA

REGISTERED NUMBER:

NI045351 (Northern Ireland)

ACCOUNTANTS:

J A McNicholl & Company Limited

18 Market Road

Ballymena

BT43 6EL

FIXED ASSETS

Property, plant and equipment

4

11,198

13,998

CURRENT ASSETS

Inventories

101,014

31,261

Debtors

12,304

52,206

Cash at bank

57,353

14,723

170,671

98,190

CREDITORS

Amounts falling due within one year

186,014

171,142

NET CURRENT LIABILITIES

(15,343

)

(72,952

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(4,145

)

(58,954

)

CREDITORS

Amounts falling due after more than one year

-

2,324

NET LIABILITIES

(4,145

)

(61,278

)

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

(4,445

)

(61,578

)

SHAREHOLDERS' FUNDS

(4,145

)

(61,278

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 June 2017 and were signed by:

J M Neeson - Director

1.	STATUTORY INFORMATION

M & N Contracts Limited is a private company, limited by shares , registered in Northern

Ireland. 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

Revenue 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.

Plant and machinery etc

-

20% on reducing balance

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 April 2016

and 31 March 2017

33,806

DEPRECIATION

At 1 April 2016

19,808

Charge for year

2,800

At 31 March 2017

22,608

NET BOOK VALUE

At 31 March 2017

11,198

At 31 March 2016

13,998