Company Registration No. 07618018 (England and Wales)
'Milltag Cycling Ltd'
Unaudited accounts
for the year ended 31 December 2017
'Milltag Cycling Ltd'
Unaudited accounts
Contents
'Milltag Cycling Ltd'
Company Information
for the year ended 31 December 2017
Directors
Peter Kelsey
Edward Cowburn
Company Number
07618018 (England and Wales)
Accountants
Carrano & Co
PO Box 12732
London
W4 2WU
'Milltag Cycling Ltd'
Statement of financial position
as at
31 December 2017
Cash at bank and in hand
19,322
74,879
Creditors: amounts falling due within one year
(25,720)
(43,629)
Net current assets
39,707
83,884
Called up share capital
122
100
Share premium
99,978
99,978
Profit and loss account
(60,393)
(16,194)
Shareholders' funds
39,707
83,884
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 June 2018.
Peter Kelsey
Director
Company Registration No. 07618018
'Milltag Cycling Ltd'
Notes to the Accounts
for the year ended 31 December 2017
'Milltag Cycling Ltd' is a private company, limited by shares, registered in England and Wales, registration number 07618018.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Finished goods
9,287
10,000
Trade debtors
36,818
42,634
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
17,293
22,679
Taxes and social security
2,849
15,372
Loans from directors
4,278
4,278
7
Average number of employees
During the year the average number of employees was 3 (2016: 3).