MML Technology Limited - Limited company - abbreviated - 11.6

MML Technology Limited - Limited company - abbreviated - 11.6


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MML TECHNOLOGY LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014






MML TECHNOLOGY LIMITED (REGISTERED NUMBER: 07881927)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MML TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTOR: I. Goodacre





SECRETARY: Mrs. M. A. Goodacre





REGISTERED OFFICE: Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS





REGISTERED NUMBER: 07881927 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

MML TECHNOLOGY LIMITED (REGISTERED NUMBER: 07881927)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 4,000 6,000
Tangible assets 3 1,680 1,722
5,680 7,722

CURRENT ASSETS
Debtors 4,181 -
Cash at bank 2 7,192
4,183 7,192
CREDITORS
Amounts falling due within one year 4 23,910 17,333
NET CURRENT LIABILITIES (19,727 ) (10,141 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,047 ) (2,419 )

CAPITAL AND RESERVES
Called up share capital 5 100 100
Profit and loss account (14,147 ) (2,519 )
SHAREHOLDERS' FUNDS (14,047 ) (2,419 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 September 2015 and were signed by:



I. Goodacre - Director


MML TECHNOLOGY LIMITED (REGISTERED NUMBER: 07881927)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company meets its day to day working capital requirements through the support of the director, who has
indicated that he is willing to support the company for the foreseeable future. On this basis, the director considers it
appropriate to prepare the financial statements on the going concern basis. The financial statements do not include
any adjustments that would result from a withdrawal of the support by the director.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

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

Office equipment - 25% on reducing balance

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014
and 31 December 2014 10,000
AMORTISATION
At 1 January 2014 4,000
Amortisation for year 2,000
At 31 December 2014 6,000
NET BOOK VALUE

At 31 December 2014 4,000
At 31 December 2013 6,000

MML TECHNOLOGY LIMITED (REGISTERED NUMBER: 07881927)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 2,323
Additions 518
At 31 December 2014 2,841
DEPRECIATION
At 1 January 2014 601
Charge for year 560
At 31 December 2014 1,161
NET BOOK VALUE
At 31 December 2014 1,680
At 31 December 2013 1,722

4. CREDITORS

Creditors include an amount of £ 843 for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 ordinary £1.00 100 100

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2014 and
31 December 2013:

2014 2013
£    £   
I. Goodacre
Balance outstanding at start of year (460 ) (10,636 )
Amounts advanced 4,641 10,176
Amounts repaid - -
Balance outstanding at end of year 4,181 (460 )