Micon International Co Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04026319 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2014

FOR

MICON INTERNATIONAL CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C R Lattanzi

J Spooner

S C Bartlett

C A Jacobs

R M Gowans

SECRETARY:

S C Bartlett

REGISTERED OFFICE:

Suite 10 Keswick Hall

Keswick

Norwich

Norfolk

NR4 6TJ

REGISTERED NUMBER:

04026319 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

2

15,727

14,205

CURRENT ASSETS

Debtors

188,024

540,185

Cash in hand

245,781

463,593

433,805

1,003,778

CREDITORS

Amounts falling due within one year

43,840

609,832

NET CURRENT ASSETS

389,965

393,946

TOTAL ASSETS LESS CURRENT LIABILITIES

405,692

408,151

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

405,690

408,149

SHAREHOLDERS' FUNDS

405,692

408,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 March 2015 and were signed on its behalf by:

S C Bartlett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

30% on reducing balance

Depreciation is charged from the month of purchase.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2013

103,176

Additions

7,578

At 30 June 2014

110,754

DEPRECIATION

At 1 July 2013

88,971

Charge for year

6,056

At 30 June 2014

95,027

NET BOOK VALUE

At 30 June 2014

15,727

At 30 June 2013

14,205

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT COMPANY

Micon International Limited (incorporated in Canada ) is regarded by the directors as being the company's

ultimate parent company.