REGISTERED NUMBER: SC182511 (Scotland)

Financial Statements for the Year Ended 31 January 2017

for

Conmeg Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N S Buckley

SECRETARY:

Mrs C Buckley

REGISTERED OFFICE:

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

REGISTERED NUMBER:

SC182511 (Scotland)

ACCOUNTANTS:

J M Taylor

7 Ythan Terrace

Ellon

ABERDEENSHIRE

AB41 9LJ

FIXED ASSETS

Tangible assets

4

-

133

CURRENT ASSETS

Stocks

6,744

5,198

Debtors

5

20,190

22,473

Cash at bank

2,902

1,029

29,836

28,700

CREDITORS

Amounts falling due within one year

6

29,431

27,347

NET CURRENT ASSETS

405

1,353

TOTAL ASSETS LESS CURRENT LIABILITIES

405

1,486

PROVISIONS FOR LIABILITIES

-

9

NET ASSETS

405

1,477

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

395

1,467

SHAREHOLDERS' FUNDS

405

1,477

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

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

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 19 June 2017 and were signed by:

N S Buckley - Director

1.	STATUTORY INFORMATION

Conmeg Limited is a private company, limited by shares , registered in Scotland. 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

Turnover 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.

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2016

and 31 January 2017

233

4,950

5,183

DEPRECIATION

At 1 February 2016

233

4,817

5,050

Charge for year

-

133

133

At 31 January 2017

233

4,950

5,183

NET BOOK VALUE

At 31 January 2017

-

-

-

At 31 January 2016

-

133

133

5.

DEBTORS

31.1.17

31.1.16

£

£

Amounts falling due within one year:

Trade debtors

-

7,147

Other debtors

16,107

15,326

16,107

22,473

Amounts falling due after more than one year:

Other debtors

4,083

-

Aggregate amounts

20,190

22,473

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

180

-

Taxation and social security

27,750

25,754

Other creditors

1,501

1,593

29,431

27,347

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director, N S Buckley was indebted to the company to the value of £16,107 (2016 - £15,326).

This amount remained outstanding at 31st January 2017 and is included within Other debtors in the notes to the

accounts.

During the period the director N S Buckley received net dividends totalling £62,000 from the company.

8.	ULTIMATE CONTROLLING PARTY

During the year the company was controlled by the director N S Buckley by virtue of his majority 90% holding

in the ordinary share capital of the company.