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REGISTERED NUMBER: 03059121 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

MERCRON CREDIT SERVICES LIMITED
MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

MERCRON CREDIT SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2016







DIRECTORS: Mr A Clayton
Mrs R Clayton
Mr B R Clayton





SECRETARY: Mrs R Clayton





REGISTERED OFFICE: Unit 4, The Mews
Wrotham Road
Meopham
Gravesend
Kent
DA13 0QB





REGISTERED NUMBER: 03059121 (England and Wales)





ACCOUNTANTS: Michael Martin Partnership Limited
Chartered Certified Accountants
3 Queen Street
Ashford
Kent
TN23 1RF
MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)

BALANCE SHEET
31 May 2016

31.5.16 31.5.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 31 39

CURRENT ASSETS
Stocks 770 950
Debtors 3 25,809 19,449
Cash at bank 1,580 1,455
28,159 21,854
CREDITORS
Amounts falling due within one year 4 22,718 18,564
NET CURRENT ASSETS 5,441 3,290
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,472

3,329

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account 6 5,372 3,229
SHAREHOLDERS' FUNDS 5,472 3,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors on 16 August 2016 and were signed on its
behalf by:




Mr A Clayton - Director

MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with
the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete
and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.

2. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2015
and 31 May 2016 9,616
DEPRECIATION
At 1 June 2015 9,577
Charge for year 8
At 31 May 2016 9,585
NET BOOK VALUE
At 31 May 2016 31
At 31 May 2015 39

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.16 31.5.15
£    £   
Trade debtors 23,571 17,950
Other debtors 2,238 1,499
25,809 19,449
MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2016

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.16 31.5.15
£    £   
Other creditors 22,718 18,564

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.16 31.5.15
value: £    £   
100 Ordinary 1 100 100

6. RESERVES
Profit
and loss
account
£   

At 1 June 2015 3,229
Profit for the year 14,143
Dividends (12,000 )
At 31 May 2016 5,372

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