Midland Binding Services Limited
|
Registered number: |
04173492
|
Abbreviated Balance Sheet |
as at 30 April 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
298 |
|
|
1 |
|
Current assets |
Stocks |
|
|
350 |
|
|
250 |
Debtors |
|
|
56,249 |
|
|
45,620 |
Cash at bank and in hand |
|
|
8,889 |
|
|
9,151 |
|
|
|
65,488 |
|
|
55,021 |
|
Creditors: amounts falling due within one year |
|
|
(50,278) |
|
|
(43,268) |
|
Net current assets |
|
|
|
15,210 |
|
|
11,753 |
|
Net assets |
|
|
|
15,508 |
|
|
11,754 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
20 |
|
|
20 |
Profit and loss account |
|
|
|
15,488 |
|
|
11,734 |
|
Shareholder's funds |
|
|
|
15,508 |
|
|
11,754 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
RASHID MANGIA |
Director |
Approved by the board on 16 August 2016
|
|
Midland Binding Services Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax, of work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Leasing |
|
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
2,300 |
|
Additions |
595 |
|
At 30 April 2016 |
2,895 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2015 |
2,299 |
|
Charge for the year |
298 |
|
At 30 April 2016 |
2,597 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
298 |
|
At 30 April 2015 |
1 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
20 |
|
20 |
|
20 |
|
|
|
|
|
|
|
|
|