Registered number: 02803864 | ||||||||
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FOR THE YEAR ENDED 31 AUGUST 2015 | ||||||||
Prepared By: | ||||||||
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CHARTERED ACCOUNTANTS | ||||||||
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STONY STRATFORD | ||||||||
BUCKS | ||||||||
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Milenco Limited | ||||||||
ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 02803864 | ||||||||
Milenco Limited | ||||||||
Registered Number: 02803864 | ||||||||||
BALANCE SHEET AT 31 AUGUST 2015 | ||||||||||
2015 | 2014 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Stock |
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Debtors (amounts falling due within one year) | 3 |
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Cash at bank and in hand |
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3,808,003 |
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CREDITORS: Amounts falling due within one year | 7 |
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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 | 4 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 5 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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Director | ||||||||||
Milenco Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 AUGUST 2015 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Cash Flow Statement | ||||||||
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1c. Depreciation | ||||||||
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Plant and Machinery |
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Fixtures and Fittings |
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Motor Cars |
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1d. Stocks | ||||||||
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1e. Taxation | ||||||||
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Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted. |
1f. Pension Costs | ||||||||
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1g. Turnover | ||||||||
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Milenco Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Fixtures | |||||||
Machinery | and Fittings | Motor Cars | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 1 September 2014 |
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Additions |
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Disposals |
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At 31 August 2015 | 204,296 | 40,092 | 42,781 | 287,169 | ||||
Depreciation | ||||||||
At 1 September 2014 |
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Disposals |
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For the year |
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At 31 August 2015 |
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Net Book Amounts | ||||||||
At 31 August 2015 |
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At 31 August 2014 |
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3. DEBTORS | 2015 | 2014 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors |
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Other debtors |
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4. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2015 | 2014 | |||||||
£ | £ | |||||||
Other creditors | 3,285 | 200,091 | ||||||
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Included in other creditors are: | ||||||||
Obligations under hire purchase | 3,285 | 19,500 | ||||||
Milenco Limited | ||||||||
5. SHARE CAPITAL | 2015 | 2014 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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6. INTELLECTUAL PROPERTY | ||||||||
The company is committed to a policy of protecting its Intellectual Property rights in all jurisdictions where they are legally registered. The company has been successful in taking legal action against competitors who have copied its designs. The company will continue with any legal action in similar circumstances. | ||||||||
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2015 | 2014 | |||||||
£ | £ | |||||||
Trade creditors | 116,277 | 118,366 | ||||||
Taxation and social security | 275,622 | 299,726 | ||||||
Other creditors | 1,116,904 | 627,834 | ||||||
1,508,803 | 1,045,926 | |||||||