REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 15 MAY 2015 TO 31 MAY 2016 |
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FOR |
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MILLICHEN STEADINGS DEVELOPMENTS LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE PERIOD 15 MAY 2015 TO 31 MAY 2016 |
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FOR |
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MILLICHEN STEADINGS DEVELOPMENTS LIMITED |
MILLICHEN STEADINGS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC506036) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 15 MAY 2015 TO 31 MAY 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 |
MILLICHEN STEADINGS DEVELOPMENTS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 15 MAY 2015 TO 31 MAY 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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MILLICHEN STEADINGS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC506036) |
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ABBREVIATED BALANCE SHEET |
31 MAY 2016 |
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Notes | £ |
CURRENT ASSETS |
Stocks |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 2 |
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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. |
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The financial statements were approved by the Board of Directors on
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MILLICHEN STEADINGS DEVELOPMENTS LIMITED (REGISTERED NUMBER: SC506036) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE PERIOD 15 MAY 2015 TO 31 MAY 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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Exemption from preparing a cash flow statement |
The Company has adopted the Financial Reporting Standard for Smaller Entities (effective January 2015) and is |
consequently exempt from the requirement to include a cash flow statement in the financial statements. |
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Work in progress |
Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal |
level of activity. |
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For long term contracts, profit is recognised by reference to the stage of completion of each contract where there is |
reasonable certainty that the contract will be profitable. Where the outcome of the contract cannot be established with |
reasonable certainty, no profit is recognised. Foreseeable losses are provided for in full at the point at which the loss is |
anticipated. |
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Where amounts invoiced exceed the value of work done, the excess is accounted for as payments received on account and |
is included within creditors. Where the value of work done exceeds the amounts invoiced, the excess is accounted for as |
amounts recoverable on contracts and is included within debtors. |
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Financial instruments |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
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Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
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An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | £1 |
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