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REGISTERED NUMBER:
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MYA BLUE UK LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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REGISTERED NUMBER:
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MYA BLUE UK LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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Page |
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Company Information | 1 |
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Statement of Financial Position | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 7 |
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MYA BLUE UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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BUSINESS ADDRESS: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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The Gables |
Bishop Meadow Road |
Loughborough |
Leicestershire |
LE11 5RE |
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BANKERS: |
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7 Hinckley Road |
Leicester |
Leicestershire |
LE3 0TQ |
MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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STATEMENT OF FINANCIAL POSITION |
31ST DECEMBER 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET ASSETS/(LIABILITIES) |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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( |
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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. |
MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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STATEMENT OF FINANCIAL POSITION - continued |
31ST DECEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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1. | GENERAL INFORMATION |
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MYA Blue UK Limited is a private company, limited by shares, registered in England and Wales. The address of |
the registered office is given in the company information on page one of these financial statements. |
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The financial statements are presented in sterling which is the functional currency of the company and |
rounded to the nearest £. |
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The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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The financial statements cover the individual entity. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company is reliant upon the support of its bankers and directors to meet its day to day working capital |
requirements. The directors have no reason to believe that this support will not be forthcoming in the future |
from the company's bankers. On this basis the directors consider it appropriate to prepare accounts on the |
going concern basis. |
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Revenue |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Property, plant & equipment |
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Fixtures, fittings & equipment 15% Reducing Balance |
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Government grants |
Government grants are recognised in the income statement when all performance criteria attached to the |
grant have been fulfilled. |
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Inventories |
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making |
allowance for obsolete and slow moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the statement of financial position date. |
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MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different |
from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and |
laws that have been enacted or substantively enacted by the year end and that are expected to apply to the |
reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that |
they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate |
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1st January 2016 |
and 31st December 2016 |
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DEPRECIATION |
At 1st January 2016 |
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Charge for year |
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At 31st December 2016 |
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NET BOOK VALUE |
At 31st December 2016 |
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At 31st December 2015 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Tax |
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Prepayments |
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MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Other taxes and social security |
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VAT | 1,076 | 701 |
Directors' current accounts | 6,082 | 42,244 |
Accrued expenses |
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7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2016 | 2015 |
£ | £ |
Bank loans - 1-2 years |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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The bank loan is secured by the directors personally. |
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9. | 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 | 13,000 | 13,000 |
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Ordinary 'A' | £1 | 3,000 | - |
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Ordinary 'B' | £1 | 1,000 | - |
17,000 | 13,000 |
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10. | RELATED PARTY DISCLOSURES |
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Remuneration paid to the directors during the year was £8,064 (2015 - £8,037). |
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The director, Miss L G Brown, is owed £4,132 (2015 : £7,929) at the end of the year. The other director, Miss V |
L Brown, is owed £1,950 (2015: £ 34,315) at the end of the year. |
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Included in turnover is consultancy fees of £13,950 charged to its parent company. |
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MYA BLUE UK LIMITED (REGISTERED NUMBER: 04090798) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2016 |
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11. | FIRST YEAR ADOPTION |
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There were no adjustments required on transition to FRS102. |
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