REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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MOT JUICE LTD |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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MOT JUICE LTD |
MOT JUICE LTD (REGISTERED NUMBER: 08893697) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
MOT JUICE LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2016 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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MOT JUICE LTD (REGISTERED NUMBER: 08893697) |
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ABBREVIATED BALANCE SHEET |
31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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The financial statements were approved by the director on
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MOT JUICE LTD (REGISTERED NUMBER: 08893697) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared on the basis that the company will continue to be a going |
concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the |
value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify |
fixed assets and long term liabilities as current assets and liabilities. |
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Accounting convention |
The financial statements 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 |
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to |
consideration. |
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Database |
Database costs, being the amount paid in connection with the acquisition of customer databases in 2015, is being |
amortised evenly over its estimated useful life of 10 years. |
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Computer and software development |
Computer and software development costs, being the amount paid in the development of the customer website |
in 2015, is being amortised over its estimated useful life of 3 years. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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AMORTISATION |
At 1 August 2015 |
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Amortisation for year |
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At 31 July 2016 |
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NET BOOK VALUE |
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At 31 July 2016 |
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At 31 July 2015 |
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MOT JUICE LTD (REGISTERED NUMBER: 08893697) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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4. | FIXED ASSET INVESTMENTS |
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Investments (neither listed nor unlisted) were as follows: |
2016 | 2015 |
£ | £ |
Silver | 555 | - |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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During the year, B Babister increased his loan to the company. As at 31 July 2016, the company owed him |
£118,671 (2015: £57,728). This balance represented the maximum amount outstanding during the year and the |
loan is interest free and repayable on demand. |
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7. | ACCOUNTING BASIS |
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As stated in the accounting policy note, these financial statements have been prepared on the basis that the |
company will continue to be a going concern. During the year the company made a loss of £44,342, and as at |
the period end the current liabilities exceeded current assets by £116,037. |
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The validity of this basis depends upon the continued support of the company's director. The director confirms |
that he will give the required support. |