MHIM LIMITED
|
Registered number: |
07249197
|
Abbreviated Balance Sheet |
as at 30 June 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
2,065 |
|
|
341 |
|
Current assets |
Stocks |
|
|
36,985 |
|
|
16,571 |
Cash at bank and in hand |
|
|
78,060 |
|
|
107,710 |
|
|
|
115,045 |
|
|
124,281 |
|
Creditors: amounts falling due within one year |
|
|
(57,316) |
|
|
(36,344) |
|
Net current assets |
|
|
|
57,729 |
|
|
87,937 |
|
Net assets |
|
|
|
59,794 |
|
|
88,278 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
1 |
Profit and loss account |
|
|
|
59,792 |
|
|
88,277 |
|
Shareholder's funds |
|
|
|
59,794 |
|
|
88,278 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
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.
|
|
|
|
Mr Mathew HILL |
Director |
Approved by the board on 31 March 2017
|
|
MHIM LIMITED
|
Notes to the Abbreviated Accounts |
for the year ended 30 June 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 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.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33.33% straight line
|
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2015 |
1,560 |
|
Additions |
2,296 |
|
Disposals |
(612) |
|
At 30 June 2016 |
3,244 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2015 |
1,219 |
|
Charge for the year |
572 |
|
On disposals |
(612) |
|
At 30 June 2016 |
1,179 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2016 |
2,065 |
|
At 30 June 2015 |
341 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
- |
|
2 |
|
1 |
|
|
|
|
|
|
|
|
|
Nominal |
Number |
Amount |
value |
£ |
|
Shares issued during the period: |
|
Ordinary shares
|
£1 each |
|
- |
|
1 |
|
|
|
|
|
|
|