Michael Michaels Limited - Limited company - abbreviated

REGISTERED NUMBER: 03392932 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

MICHAEL MICHAELS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

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

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

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.

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 2016 and were signed by:

M Michaels - 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 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

Michael Michaels Limited - Limited company - abbreviated - 11.9

Michael Michaels Limited - Limited company - abbreviated - 11.9