Milton Central Ltd
|
Registered number: |
07861286
|
Abbreviated Balance Sheet |
as at 30 November 2015
|
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
30,303 |
|
|
37,878 |
|
|
|
|
30,303 |
|
|
37,878 |
|
Current assets |
Closing WIP |
|
|
- |
|
|
3,468 |
Debtors |
5 |
|
38,028 |
|
|
2,411 |
Cash at bank and in hand |
|
|
52,303 |
|
|
193,760 |
|
|
|
90,331 |
|
|
199,639 |
|
Creditors: amounts falling due within one year |
|
|
(116,244) |
|
|
(194,471) |
|
Net current assets |
|
|
|
(25,913) |
|
|
5,168 |
|
Total assets less current liabilities |
|
|
|
4,390 |
|
|
43,046 |
|
Net assets |
|
|
|
4,390 |
|
|
43,046 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
4,290 |
|
|
42,946 |
|
Shareholder's funds |
|
|
|
4,390 |
|
|
43,046 |
|
|
|
|
|
|
|
|
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 her 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 Simon Hardy |
Director |
Approved by the board on 16 August 2016
|
|
Milton Central Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2015
|
|
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 April 2008).
|
|
|
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 |
20% reducing balance
|
|
Motor vehicles |
20% reducing balance
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2014 |
61,191 |
|
Additions |
- |
|
Surplus on revaluation |
- |
|
Disposals |
- |
|
At 30 November 2015 |
61,191 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2014 |
23,313 |
|
Charge for the year |
7,575 |
|
Surplus on revaluation |
- |
|
On disposals |
- |
|
At 30 November 2015 |
30,888 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2015 |
30,303 |
|
At 30 November 2014 |
37,878 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
100 |
|
70,990 |
4 |
Transaction with director |
|
Director received salary of £9,600 from company during this period. |