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Abbreviated Unaudited Accounts |
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for the Year Ended 30 April 2016 |
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for |
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Milnbank Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 April 2016 |
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for |
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Milnbank Limited |
Milnbank Limited (Registered number: SC257927) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 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 | 4 |
Milnbank Limited |
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Company Information |
for the Year Ended 30 April 2016 |
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DIRECTORS: |
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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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Chartered Accountants |
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Milnbank Limited (Registered number: SC257927) |
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Abbreviated Balance Sheet |
30 April 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
3 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
Milnbank Limited (Registered number: SC257927) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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The financial statements were approved by the Board of Directors on
behalf by: |
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Milnbank Limited (Registered number: SC257927) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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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 comprises the invoiced value of goods and services supplied by the company, exclusive of VAT |
and trade discounts. Turnover on speculative house building projects is recognised when missives are |
concluded. Please refer to the stock and work in progress accounting policy regarding revenue recognition |
on long term contracts. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Stocks |
Stocks and work in progress are valued at the lower of cost and net realisable value after making due |
allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate |
proportion of fixed and variable overheads. Revenue and attributable profit are recognised on long term |
contracts if the profitable outcome of such contracts can be ascertained with reasonable clarity. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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Hire purchase and leasing commitments |
Asset obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under |
finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to the profit and loss account over the relevant period. |
The capital element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over |
the period of the lease. |
Milnbank Limited (Registered number: SC257927) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
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Additions |
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Disposals | ( |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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3. | CREDITORS |
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Creditors include an amount of £
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4. | 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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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2016 and |
30 April 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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