Millgate House Education Limited |
|
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Millgate House Education 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 abbreviated accounts of Millgate House Education Limited for the year ended 31 January 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
DAVID WARD |
DAVID WARD CHARTERED ACCOUNTANT |
2 Ingleton Close |
Holmes Chapel |
Cheshire |
CW4 7LF |
|
20 April 2016 |
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Millgate House Education Limited
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Registered number: |
05033436
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Abbreviated Balance Sheet |
as at 31 January 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
1,271 |
|
|
2,685 |
|
Current assets |
Stocks |
|
|
93,066 |
|
|
118,092 |
Debtors |
|
|
31,690 |
|
|
47,109 |
Cash at bank and in hand |
|
|
45,435 |
|
|
46,342 |
|
|
|
170,191 |
|
|
211,543 |
|
Creditors: amounts falling due within one year |
|
|
(9,922) |
|
|
(43,920) |
|
Net current assets |
|
|
|
160,269 |
|
|
167,623 |
|
Net assets |
|
|
|
161,540 |
|
|
170,308 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
4 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
161,538 |
|
|
170,306 |
|
Shareholders' funds |
|
|
|
161,540 |
|
|
170,308 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
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|
Stuart Naylor |
Director |
Approved by the board on 20 April 2016
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Millgate House Education Limited
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Notes to the Abbreviated Accounts |
for the year ended 31 January 2016
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|
1 |
Accounting policies |
|
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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|
|
Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
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Depreciation |
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Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computer equipment |
33% straight line
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
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Stock is valued at the lower of cost and net realisable value. |
|
|
Foreign currencies |
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Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
2 |
Intangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
80,000 |
|
At 31 January 2016 |
80,000 |
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 February 2015 |
80,000 |
|
At 31 January 2016 |
80,000 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
- |
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 February 2015 |
78,730 |
|
Disposals |
(13,272) |
|
At 31 January 2016 |
65,458 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 February 2015 |
76,045 |
|
Charge for the year |
1,414 |
|
On disposals |
(13,272) |
|
At 31 January 2016 |
64,187 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2016 |
1,271 |
|
At 31 January 2015 |
2,685 |
|
|
|
|
|
|
|
|
4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
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