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

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


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REGISTERED NUMBER: NI045351(Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

M & N Contracts Limited

M & N Contracts Limited (Registered number: NI045351)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M & N Contracts Limited

Company Information
for the Year Ended 31 March 2017







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

M & N Contracts Limited (Registered number: NI045351)

Abridged Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
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 )

M & N Contracts Limited (Registered number: NI045351)

Abridged Balance Sheet - continued
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
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 2017and were signed by:





J M Neeson- Director


M & N Contracts Limited (Registered number: NI045351)

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

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.

M & N Contracts Limited (Registered number: NI045351)

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

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