A.A. Mepham Limited - Limited company accounts 11.6

REGISTERED NUMBER: 04705594 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

A.A. MEPHAM LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

A A Mepham

R J Mepham

SECRETARY:

First Instance Secretariat Ltd

REGISTERED OFFICE:

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

REGISTERED NUMBER:

04705594 (England and Wales)

ACCOUNTANTS:

Monetaire

Sovereign House

22 Shelley Road

WORTHING

West Sussex

BN11 1TU

The directors present their report with the financial statements of the company for the year ended 31 March 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of general builders.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2013 to the date of this report.

A A Mepham

R J Mepham

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating

to small companies.

ON BEHALF OF THE BOARD:

First Instance Secretariat Ltd - Secretary

24 October 2014

TURNOVER

2

76,869

72,848

Cost of sales

45,433

60,520

GROSS PROFIT

31,436

12,328

Administrative expenses

22,582

21,199

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

3

8,854

(8,871

)

Tax on profit/(loss) on ordinary activities

4

1,850

(33

)

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

7,004

(8,838

)

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

981

1,308

981

1,308

CURRENT ASSETS

Stocks

600

750

Debtors

7

14,756

25,980

Cash at bank

3,839

986

19,195

27,716

CREDITORS

Amounts falling due within one year

8

21,836

37,688

NET CURRENT LIABILITIES

(2,641

)

(9,972

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,660

)

(8,664

)

CAPITAL AND RESERVES

Called up share capital

9

3

Profit and loss account

10

(1,663

)

(8,667

)

SHAREHOLDERS' FUNDS

(1,660

)

(8,664

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 24 October 2014 and were signed on its behalf by:

A A Mepham - Director

1.	ACCOUNTING POLICIES

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 April 2008).

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 2003, is being amortised evenly over its estimated useful life of five 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 etc

-

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.

2.

TURNOVER

The turnover and profit (2013 - loss) before taxation are attributable to the one principal activity of the company.

3.	OPERATING PROFIT/(LOSS)

The operating profit (2013 - operating loss) is stated after charging:

2014

2013

£

Depreciation - owned assets

327

435

Directors' remuneration and other benefits etc

7,696

6,936

4.

TAXATION

Analysis of the tax charge/(credit)

The tax charge/(credit) on the profit on ordinary activities for the year was as follows:

2014

2013

£

Current tax:

UK corporation tax

1,850

-

Prior year tax adjustment

-

(33

)

Tax on profit/(loss) on ordinary activities

1,850

(33

)

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2013

and 31 March 2014

15,000

AMORTISATION

At 1 April 2013

and 31 March 2014

15,000

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2013

and 31 March 2014

8,595

DEPRECIATION

At 1 April 2013

7,287

Charge for year

327

At 31 March 2014

7,614

NET BOOK VALUE

At 31 March 2014

981

At 31 March 2013

1,308

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade debtors

14,756

774

Other debtors

-

25,206

14,756

25,980

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2014

2013

£

Trade creditors

5,421

1,866

Taxation and social security

5,512

180

Other creditors

10,903

35,642

21,836

37,688

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

£1 Ordinary

£1

2

1

A Non Voting

£1

1

3

10.

RESERVES

Profit

and loss

account

£

At 1 April 2013

(8,667

)

Profit for the year

7,004

At 31 March 2014

(1,663

)