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Registration number: 06066439

Metalex Roofing Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

 

Metalex Roofing Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Metalex Roofing Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Metalex Roofing Limited for the year ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Metalex Roofing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Metalex Roofing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Metalex Roofing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Metalex Roofing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Metalex Roofing Limited. You consider that Metalex Roofing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Metalex Roofing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN

10 October 2016

 

Metalex Roofing Limited
(Registration number: 06066439)
Abbreviated Balance Sheet at 31 January 2016

   

Note

   

2016
£

   

2015
£

 

Current assets

 

             

Debtors

 

   

110,766

   

62,112

 

Cash at bank and in hand

 

   

189,935

   

177,965

 
   

   

300,701

   

240,077

 

Creditors: Amounts falling due within one year

 

   

(131,707)

   

(74,496)

 

Net assets

 

   

168,994

   

165,581

 

Capital and reserves

 

             

Called up share capital

 

2

   

100

   

100

 

Profit and loss account

 

   

168,894

   

165,481

 

Shareholders' funds

 

   

168,994

   

165,581

 

For the year ending 31 January 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 10 October 2016 and signed on its behalf by:

.........................................
Mr A D Gilzean
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Metalex Roofing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         
 

Metalex Roofing Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3

Related party transactions

Directors' advances and credits

 

2016
Advance/ Credit
£

2016
Repaid
£

2015
Advance/ Credit
£

2015
Repaid
£

Mr A D Gilzean

Loan from/(to) director - interest free, unsecured and repayable on demand

2,082

-

2,082

-

         
         

Mr P T Singh

Loan from/(to) director - interest free, unsecured and repayable on demand

-

-

-

-

         
         

Mr A C Buckland

Loan from/(to) director - interest free, unsecured and repayable on demand

-

-

-

-