Company Registration No. 09472949 (England and Wales)
MIDDLETON PRESS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
MIDDLETON PRESS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
MIDDLETON PRESS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
Notes
£
£
Fixed assets
Intangible assets
2
104,400
Tangible assets
2
5,562
109,962
Current assets
Stocks
321,732
Debtors
48,180
Cash at bank and in hand
2,145
372,057
Creditors: amounts falling due within one year
(481,608)
Net current liabilities
(109,551)
Total assets less current liabilities
411
Capital and reserves
Called up share capital
3
100
Profit and loss account
311
Shareholders' funds
411
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 November 2016
Mr R Esher
Director
Company Registration No. 09472949
MIDDLETON PRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% Reducing Balance & 25% Straight Line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 5 March 2015
-
-
-
Additions
116,000
6,522
122,522
At 31 March 2016
116,000
6,522
122,522
Depreciation
At 5 March 2015
-
-
-
Charge for the period
11,600
960
12,560
At 31 March 2016
11,600
960
12,560
Net book value
At 31 March 2016
104,400
5,562
109,962
MIDDLETON PRESS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
3
Share capital
2016
£
Allotted, called up and fully paid
30 Ordinary 'A' shares of £1 each
30
70 Ordinary 'B' shares of £1 each
70
100