Company Registration No. 07742929 (England and Wales)
MI SKI LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
MI SKI LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MI SKI LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
5,606
21,000
Cash at bank and in hand
184
2,935
5,790
23,935
Creditors: amounts falling due within one year
(5,188)
(27,359)
Total assets less current liabilities
602
(3,424)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
502
(3,524)
Shareholders' funds
602
(3,424)
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 21 December 2016
G Dryer
Director
Company Registration No. 07742929
MI SKI 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 services.
1.4
Revenue recognition
Revenue is recognised on a
departure
date basis.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary Shares of £1 each
100
100
3
Related party relationships and transactions
Other transactions
During the period G Dryer and M Griso used a current account with the company to record amounts due to them and amounts drawn by them. The balance due from them at year end was £5,606 and this is included in Other Debtors as disclosed in Debtors. This amount was repaid within 9 months of the year end.