Minglong (Essex) Limited - Filleted accounts

Minglong (Essex) Limited - Filleted accounts

MINGLONG (ESSEX) LIMITED - Company Information

Print Friendly Version

Registered number
11070957
Minglong (Essex) Limited
Unaudited Filleted Accounts
30 November 2019
Minglong (Essex) Limited
Registered number: 11070957
Balance Sheet
as at 30 November 2019
Notes 2019 2018
£ £
Current assets
Debtors 3 1,709 2,419
Cash at bank and in hand 10,036 34,885
11,745 37,304
Creditors: amounts falling due within one year 4 (11,007) (24,131)
Net current assets 738 13,173
Net assets 738 13,173
Capital and reserves
Called up share capital 1 1
Profit and loss account 737 13,172
Shareholder's funds 738 13,173
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 her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Lam
Director
Approved by the board on 30 July 2020
Minglong (Essex) Limited
Notes to the Accounts
for the year ended 30 November 2019
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2019 2018
Number Number
Average number of persons employed by the company 9 6
3 Debtors 2019 2018
£ £
Trade debtors 850 1,773
Other debtors 859 646
1,709 2,419
4 Creditors: amounts falling due within one year 2019 2018
£ £
Trade creditors 191 4,631
Taxation and social security costs 10,218 19,495
Other creditors 598 5
11,007 24,131
5 Other information
Minglong (Essex) Limited is a private company limited by shares and incorporated in England. Its registered office is:
66 Earl Street
Maidstone
Kent ME14 1PS
Minglong (Essex) Limited 11070957 false 2018-12-01 2019-11-30 2019-11-30 VT Final Accounts January 2020 B Lam No description of principal activity 11070957 2017-11-20 2018-11-30 11070957 core:WithinOneYear 2018-11-30 11070957 core:ShareCapital 2018-11-30 11070957 core:RetainedEarningsAccumulatedLosses 2018-11-30 11070957 2018-12-01 2019-11-30 11070957 bus:PrivateLimitedCompanyLtd 2018-12-01 2019-11-30 11070957 bus:AuditExemptWithAccountantsReport 2018-12-01 2019-11-30 11070957 bus:Director40 2018-12-01 2019-11-30 11070957 1 2018-12-01 2019-11-30 11070957 2 2018-12-01 2019-11-30 11070957 countries:England 2018-12-01 2019-11-30 11070957 bus:FRS102 2018-12-01 2019-11-30 11070957 bus:FullAccounts 2018-12-01 2019-11-30 11070957 2019-11-30 11070957 core:WithinOneYear 2019-11-30 11070957 core:ShareCapital 2019-11-30 11070957 core:RetainedEarningsAccumulatedLosses 2019-11-30 11070957 2018-11-30 iso4217:GBP xbrli:pure