Merchants Computers Ltd.,Ltd - AccountsLtd - Accounts

Merchants Computers Ltd.,Ltd - AccountsLtd - Accounts

MERCHANTS COMPUTERS LTD. - Company Information

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2016-04-01 01637145 2017-03-31 01637145 2016-04-01 2017-03-31 01637145 2016-03-31 01637145 2015-04-01 2016-03-31 01637145 uk-core:WithinOneYear 2016-03-31 01637145 uk-core:WithinOneYear 2017-03-31 01637145 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 01637145 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 01637145 uk-bus:Director1 2016-04-01 2017-03-31 01637145 uk-core:ToolsEquipment 2016-04-01 2017-03-31 iso4217:GBP 01637145 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 01637145 uk-bus:FRS102 2016-04-01 2017-03-31 01637145 uk-bus:FullAccounts 2016-04-01 2017-03-31 01637145 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Merchants Computers Ltd.
Registered Number:01637145
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Merchants Computers Ltd.
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2017
Merchants Computers Ltd.
Statement of Financial Position
Registered Number :
01637145
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
55
73
2
55
73
Current assets
5,380
Cash and cash equivalents
5,053
5,053
5,380
Trade and other payables: amounts falling due within one
year
(316)
(159)
3
5,064
4,894
Net current assets
Total assets less current liabilities
4,949
5,137
4,949
Net assets
5,137
Capital and reserves
Retained earnings
4,949
5,137
4,949
5,137
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
Mr Jon Alistair Taylor Director
These financial statements were approved and authorised for issue by the Board on 29 November 2017 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2017
Merchants Computers Ltd.
Notes to the Financial Statements
Statutory Information
Merchants Computers Ltd. is a private limited company, limited by shares, domiciled in England and Wales,
registration number 01637145.
Registered address:
Unit C17 Kestrel Business Centre Private Road 2
Colwick Industrial Estate
Nottingham
England
NG4 2JR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2. Property, plant and equipment
Computer
equipment
£
Cost or
valuation
At 01 April 2016
12,016
At 31 March 2017
12,016
Provision for depreciation and impairment
At 01 April 2016
11,943
Charge for year
18
At 31 March 2017
11,961
At 31 March 2017
Net book value
55
At 31 March 2016
73
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5
For the year ended 31 March 2017
Merchants Computers Ltd.
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Taxation and social security
2
2
Other creditors
157
314
159
316
4. Average number of persons employed
The only employees of the company in the year ended 31 March 2016 and the year ended 31 March 2017 were the
two directors.
5. Transition to FRS 102
Is the first year for which the financial statements have been prepared under FRS102. The transition from preparing
the financial statements in accordance with FRSSE (208) to FRS102 (1a) has had no material impact upon either the
financial position or the financial performance as previously reported by the company.
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