Myers La Roche Limited - Period Ending 2014-03-31

Myers La Roche Limited - Period Ending 2014-03-31


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Registration number: 05740090

Myers La Roche Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Phillip Carroll Associates Limited
Chartered Certified Accountants
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

 

Myers La Roche Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 6

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Myers La Roche Limited
for the Year Ended 31 March 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Myers La Roche Limited for the year ended 31 March 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Myers La Roche Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Myers La Roche Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Myers La Roche Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Myers La Roche Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Myers La Roche Limited. You consider that Myers La Roche Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Myers La Roche Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Phillip Carroll Associates Limited
Chartered Certified Accountants
10 Ambassador Place
Stockport Road
Altrincham
Cheshire
WA15 8DB

24 December 2014

 

Myers La Roche Limited
(Registration number: 05740090)
Abbreviated Balance Sheet at 31 March 2014

   

Note

   

2014
£

   

2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

13,219

   

9,620

 

Investments

 

   

2

   

2

 
   

   

13,221

   

9,622

 

Current assets

 

             

Debtors

 

   

228,936

   

228,445

 

Cash at bank and in hand

 

   

46,421

   

638

 
   

   

275,357

   

229,083

 

Creditors: Amounts falling due within one year

 

   

(151,646)

   

(116,849)

 

Net current assets

 

   

123,711

   

112,234

 

Total assets less current liabilities

 

   

136,932

   

121,856

 

Creditors: Amounts falling due after more than one year

 

   

(20,098)

   

-

 

Provisions for liabilities

 

   

(2,190)

   

(1,370)

 

Net assets

 

   

114,644

   

120,486

 

Capital and reserves

 

             

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

 

   

114,544

   

120,386

 

Shareholders' funds

 

   

114,644

   

120,486

 

For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 December 2014 and signed on its behalf by:

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

 

Myers La Roche Limited
(Registration number: 05740090)
Abbreviated Balance Sheet at 31 March 2014
......... continued

.........................................
Mr P J Myers
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

 

Myers La Roche Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on reducing balance

Computer equipment

25% on reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

Myers La Roche Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Fixed assets

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                 

At 1 April 2013

 

32,179

   

2

   

32,181

 

Additions

 

6,781

   

-

   

6,781

 

At 31 March 2014

 

38,960

   

2

   

38,962

 

Depreciation

                 

At 1 April 2013

 

22,559

   

-

   

22,559

 

Charge for the year

 

3,182

   

-

   

3,182

 

At 31 March 2014

 

25,741

   

-

   

25,741

 

Net book value

                 

At 31 March 2014

 

13,219

   

2

   

13,221

 

At 31 March 2013

 

9,620

   

2

   

9,622

 

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Holding

Proportion of voting rights and shares held

Principal activity

Subsidiary undertakings

Payment Partner Limited

Ordinary

100%

Retail opticians

The loss for the financial period of Payment Partner Limited was £25,641 and the aggregate amount of capital and reserves at the end of the period was (£194,962).

 

Myers La Roche Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3

Share capital

Allotted, called up and fully paid shares

 

2014

2013

   

No.

   

£

   

No.

   

£

 

Ordinary 'A' shares of £1 each

 

51

   

51

   

51

   

51

 

Ordinary 'B' shares of £1 each

 

49

   

49

   

49

   

49

 
   

100

   

100

   

100

   

100