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REGISTERED NUMBER: 01241849 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2017

FOR

MIKE DAVIES (BEARINGS) LIMITED

MIKE DAVIES (BEARINGS) LIMITED (REGISTERED NUMBER: 01241849)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MIKE DAVIES (BEARINGS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2017







DIRECTOR: Mr Mark Lee Davies





SECRETARY: Mrs Hilary Davies





REGISTERED OFFICE: Leamore Lane
Walsall
West Midlands
WS2 7DE





REGISTERED NUMBER: 01241849 (England and Wales)

MIKE DAVIES (BEARINGS) LIMITED (REGISTERED NUMBER: 01241849)

BALANCE SHEET
31 May 2017

31.5.17 31.5.16
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 456 842

CURRENT ASSETS
Inventories 44,842 48,437
Debtors 5 35,444 36,534
Cash at bank 79,287 75,219
159,573 160,190
CREDITORS
Amounts falling due within one
year

6

130,028

121,461
NET CURRENT ASSETS 29,545 38,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,001

39,571

CAPITAL AND RESERVES
Called up share capital 4 4
Capital redemption reserve 96 96
Retained earnings 29,901 39,471
SHAREHOLDERS' FUNDS 30,001 39,571

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 director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 19 October 2017 and
were signed by:





Mr Mark Lee Davies - Director


MIKE DAVIES (BEARINGS) LIMITED (REGISTERED NUMBER: 01241849)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2017

1. STATUTORY INFORMATION

Mike Davies (Bearings) 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
Revenue 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.
Plant and machinery - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Inventories 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to profit or loss in
the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

MIKE DAVIES (BEARINGS) LIMITED (REGISTERED NUMBER: 01241849)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2017

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 June 2016
and 31 May 2017 1,441 1,298 2,739
DEPRECIATION
At 1 June 2016 833 1,064 1,897
Charge for year 152 234 386
At 31 May 2017 985 1,298 2,283
NET BOOK VALUE
At 31 May 2017 456 - 456
At 31 May 2016 608 234 842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade debtors 34,122 35,432
Other debtors 1,322 1,102
35,444 36,534

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.17 31.5.16
£    £   
Trade creditors 44,751 32,843
Taxation and social security 4,533 9,744
Other creditors 80,744 78,874
130,028 121,461