Registered Number SC347561

A B MEARNS LTD.

Abbreviated Accounts

31 October 2016

A B MEARNS LTD. Registered Number SC347561

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 160,000 160,000
Tangible assets 3 33,363 37,163
193,363 197,163
Current assets
Stocks 1,570 1,495
Debtors 14,680 15,558
Cash at bank and in hand 114,441 45,054
130,691 62,107
Creditors: amounts falling due within one year (212,804) (165,994)
Net current assets (liabilities) (82,113) (103,887)
Total assets less current liabilities 111,250 93,276
Total net assets (liabilities) 111,250 93,276
Capital and reserves
Called up share capital 4 100 100
Profit and loss account 111,150 93,176
Shareholders' funds 111,250 93,276
  • For the year ending 31 October 2016 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 9 May 2017

And signed on their behalf by:
Andrew Mearns, Director

A B MEARNS LTD. Registered Number SC347561

Notes to the Abbreviated Accounts for the period ended 31 October 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 November 2015 160,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 October 2016 160,000
Amortisation
At 1 November 2015 -
Charge for the year -
On disposals -
At 31 October 2016 -
Net book values
At 31 October 2016 160,000
At 31 October 2015 160,000
3Tangible fixed assets
£
Cost
At 1 November 2015 112,609
Additions 5,500
Disposals (10,853)
Revaluations -
Transfers -
At 31 October 2016 107,256
Depreciation
At 1 November 2015 75,446
Charge for the year 7,398
On disposals (8,951)
At 31 October 2016 73,893
Net book values
At 31 October 2016 33,363
At 31 October 2015 37,163
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100