Michael Michaels Limited - Limited company - abbreviated - 11.9

Michael Michaels Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 03392932(England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

MICHAEL MICHAELS LIMITED

MICHAEL MICHAELS LIMITED (REGISTERED NUMBER: 03392932)






Contents of the Abbreviated Accounts
for the Year Ended 30 June 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

MICHAEL MICHAELS LIMITED

Company Information
for the Year Ended 30 June 2015







DIRECTOR: M Michaels





SECRETARY: P Michaels





REGISTERED OFFICE: Unit 10
69 Saint Marks Road
London
W10 6JG





REGISTERED NUMBER: 03392932(England and Wales)





ACCOUNTANTS: PK Philip Hudson
454/458 Chiswick High Road
London
W4 5TT

MICHAEL MICHAELS LIMITED (REGISTERED NUMBER: 03392932)

Abbreviated Balance Sheet
30 June 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 9,535 10,656

CURRENT ASSETS
Debtors 6,639 4,327
Cash at bank 579,283 627,200
585,922 631,527
CREDITORS
Amounts falling due within one year (6,326 ) (27,444 )
NET CURRENT ASSETS 579,596 604,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,131

614,739

PROVISIONS FOR LIABILITIES (1,907 ) (2,131 )
NET ASSETS 587,224 612,608

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 587,124 612,508
SHAREHOLDERS' FUNDS 587,224 612,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2015 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.

MICHAEL MICHAELS LIMITED (REGISTERED NUMBER: 03392932)

Abbreviated Balance Sheet - continued
30 June 2015


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 23 March 2016and were signed by:





M Michaels- Director


MICHAEL MICHAELS LIMITED (REGISTERED NUMBER: 03392932)

Notes to the Abbreviated Accounts
for the Year Ended 30 June 2015

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 goods, 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 - 33% on cost, 25% on cost and 10% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis
over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 July 2014 123,227
Additions 1,321
At 30 June 2015 124,548
DEPRECIATION
At 1 July 2014 112,571
Charge for year 2,442
At 30 June 2015 115,013
NET BOOK VALUE
At 30 June 2015 9,535
At 30 June 2014 10,656

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100