Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Miles Tool & Machinery Centre Limited
Contents
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Miles Tool & Machinery Centre Limited
(Registration number: 01871026)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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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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Creditors: Amounts falling due after more than one year |
( |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Miles Tool & Machinery Centre Limited
(Registration number: 01871026)
Abbreviated Balance Sheet at 31 March 2016
Approved by the Board on
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Miles Tool & Machinery Centre Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Freehold land and buildings |
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Plant and machinery |
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Office equipment |
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Motor vehicles |
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Stock
Deferred tax
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Miles Tool & Machinery Centre Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016
Hire purchase and leasing
Pensions
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
429,465 |
429,465 |
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Additions |
472 |
472 |
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At 31 March 2016 |
429,937 |
429,937 |
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Depreciation |
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At 1 April 2015 |
51,748 |
51,748 |
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Charge for the year |
13,051 |
13,051 |
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At 31 March 2016 |
64,799 |
64,799 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
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Miles Tool & Machinery Centre Limited
Notes to the Abbreviated Accounts
For the Year Ended 31 March 2016
2016
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2015
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Amounts falling due within one year |
115,942 |
56,987 |
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Amounts falling due after more than one year |
193,687 |
211,794 |
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Total secured creditors |
309,629 |
268,781 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Ordinary shares of £1 each |
- |
- |
2,000 |
2,000 |
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Ordinary A shares of £1 each |
1,000 |
1,000 |
- |
- |
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Ordinary B shares of £1 each |
500 |
500 |
- |
- |
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Ordinary C shares of £1 each |
500 |
500 |
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- |
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