IRIS Accounts Production v17.3.1.106 03059121 Board of Directors 1.6.16 31.5.17 31.5.17 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure030591212016-05-31030591212017-05-31030591212016-06-012017-05-31030591212015-05-31030591212015-06-012016-05-31030591212016-05-3103059121ns15:EnglandWales2016-06-012017-05-3103059121ns14:PoundSterling2016-06-012017-05-3103059121ns10:Director12016-06-012017-05-3103059121ns10:PrivateLimitedCompanyLtd2016-06-012017-05-3103059121ns10:SmallEntities2016-06-012017-05-3103059121ns10:AuditExempt-NoAccountantsReport2016-06-012017-05-3103059121ns10:SmallCompaniesRegimeForDirectorsReport2016-06-012017-05-3103059121ns10:SmallCompaniesRegimeForAccounts2016-06-012017-05-3103059121ns10:FullAccounts2016-06-012017-05-3103059121ns10:Director22016-06-012017-05-3103059121ns10:Director32016-06-012017-05-3103059121ns10:CompanySecretary12016-06-012017-05-3103059121ns10:RegisteredOffice2016-06-012017-05-3103059121ns5:CurrentFinancialInstruments2017-05-3103059121ns5:CurrentFinancialInstruments2016-05-3103059121ns5:ShareCapital2017-05-3103059121ns5:ShareCapital2016-05-3103059121ns5:RetainedEarningsAccumulatedLosses2017-05-3103059121ns5:RetainedEarningsAccumulatedLosses2016-05-3103059121ns5:PlantMachinery2016-05-3103059121ns5:PlantMachinery2016-06-012017-05-3103059121ns5:PlantMachinery2017-05-3103059121ns5:PlantMachinery2016-05-3103059121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-05-3103059121ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-05-31


REGISTERED NUMBER: 03059121 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 May 2017

for

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






Contents of the Financial Statements
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

MERCRON CREDIT SERVICES LIMITED

Company Information
for the Year Ended 31 May 2017







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 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 31

CURRENT ASSETS
Stocks 580 770
Debtors 5 24,973 25,809
Cash at bank 711 1,580
26,264 28,159
CREDITORS
Amounts falling due within one year 6 26,034 22,718
NET CURRENT ASSETS 230 5,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

255

5,472

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 155 5,372
SHAREHOLDERS' FUNDS 255 5,472

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 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.
MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)

Balance Sheet - continued
31 May 2017


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 Board of Directors on 1 August 2017 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 2017

1. STATUTORY INFORMATION

Mercron Credit Services Limited is a private company, limited by shares , registered in England and
Wales. 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.

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

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 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .
MERCRON CREDIT SERVICES LIMITED (REGISTERED NUMBER: 03059121)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2016
and 31 May 2017 9,616
DEPRECIATION
At 1 June 2016 9,585
Charge for year 6
At 31 May 2017 9,591
NET BOOK VALUE
At 31 May 2017 25
At 31 May 2016 31

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 23,571 23,571
Other debtors 1,402 2,238
24,973 25,809

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Other creditors 26,034 22,718

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.