MILLBAK LTD
|
Registered number: |
07044763
|
Abbreviated Balance Sheet |
as at 29 February 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
16,819 |
|
|
21,655 |
|
Current assets |
Debtors |
|
|
124,995 |
|
|
164,562 |
Cash at bank and in hand |
|
|
4,005 |
|
|
12,661 |
|
|
|
129,000 |
|
|
177,223 |
|
Creditors: amounts falling due within one year |
|
|
13,676 |
|
|
(60,201) |
|
Net current assets |
|
|
|
142,676 |
|
|
117,022 |
|
Total assets less current liabilities |
|
|
|
159,495 |
|
|
138,677 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(1,569) |
|
|
- |
|
|
|
Net assets |
|
|
|
157,926 |
|
|
138,677 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
161,990 |
|
|
161,990 |
Profit and loss account |
|
|
|
(4,064) |
|
|
(48,027) |
|
Shareholder's funds |
|
|
|
157,926 |
|
|
113,963 |
|
|
|
|
|
|
|
|
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.
|
|
|
|
Mr. Stuart Gibbons |
Director |
Approved by the board on 16 November 2016
|
|
MILLBAK LTD
|
Notes to the Abbreviated Accounts |
for the year ended 29 February 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 April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and 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. |
|
|
Plant and machinery |
20% straight line
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
|
#REF! |
|
|
Deferred taxation |
|
#REF! |
|
|
Foreign currencies |
|
#REF! |
|
|
Leasing and hire purchase commitments |
|
#REF! |
|
|
Pensions |
|
#REF! |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 March 2015 |
27,153 |
|
Additions |
200 |
|
At 29 February 2016 |
27,353 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
5,498 |
|
Charge for the year |
5,036 |
|
At 29 February 2016 |
10,534 |
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
16,819 |
|
At 28 February 2015 |
21,655 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
- |
|
- |
|
161,990 |
|
161,990 |
|
|
|
|
|
|
|
|
|