Registered Number 08090664

METISPLAN LIMITED

Abbreviated Accounts

31 May 2016

METISPLAN LIMITED Registered Number 08090664

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 5,884 4,117
5,884 4,117
Current assets
Debtors 111,858 40,195
Cash at bank and in hand 52,821 32,843
164,679 73,038
Creditors: amounts falling due within one year (140,668) (65,665)
Net current assets (liabilities) 24,011 7,373
Total assets less current liabilities 29,895 11,490
Total net assets (liabilities) 29,895 11,490
Capital and reserves
Called up share capital 2 2
Profit and loss account 29,893 11,488
Shareholders' funds 29,895 11,490
  • For the year ending 31 May 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 3 October 2016

And signed on their behalf by:
M Orton, Director

METISPLAN LIMITED Registered Number 08090664

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 15% reducing balance

2 Tangible fixed assets
£
Cost
At 1 June 2015 5,962
Additions 2,805
Disposals -
Revaluations -
Transfers -
At 31 May 2016 8,767
Depreciation
At 1 June 2015 1,845
Charge for the year 1,038
On disposals -
At 31 May 2016 2,883
Net book values
At 31 May 2016 5,884
At 31 May 2015 4,117

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