Micalton Limited - Limited company - abbreviated

REGISTERED NUMBER: 06400489 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2015

for

Micalton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M A Douglas

SECRETARY:

R M Douglas

REGISTERED OFFICE:

45 Kensington Road

Southport

Merseyside

PR9 0RT

REGISTERED NUMBER:

06400489 (England and Wales)

ACCOUNTANTS:

Kirkwood Wilson Limited

45 Kensington Road

Southport

Merseyside

PR9 0RT

FIXED ASSETS

Investments

2

1,430,000

CURRENT ASSETS

Debtors

2

-

NET CURRENT ASSETS

2

-

TOTAL ASSETS LESS CURRENT LIABILITIES

1,430,002

1,430,000

CAPITAL AND RESERVES

Called up share capital

3

102

100

Profit and loss account

1,429,900

SHAREHOLDERS' FUNDS

1,430,002

1,430,000

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 A Douglas - 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).

Preparation of consolidated financial statements

The financial statements contain information about Micalton Limited as an individual company and do not contain consolidated financial

information as the parent of a group. The company has taken the option under Section 398 of the Companies Act 2006 not to prepare

consolidated financial statements.

Deferred tax

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

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 July 2014

and 30 June 2015

5,025,000

PROVISIONS

At 1 July 2014

and 30 June 2015

3,595,000

NET BOOK VALUE

At 30 June 2015

1,430,000

At 30 June 2014

1,430,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Glaston Compressor Services Limited

Nature of business: Compressed air services

%

Class of shares:

holding

Ordinary

100.00

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.15

30.6.14

value:

£

100

Ordinary

£1

100

2

Ordinary B

£1

2

-

102

100

The following shares were issued during the year for cash at par :

2 Ordinary B shares of £1

Micalton Limited - Limited company - abbreviated - 11.9

Micalton Limited - Limited company - abbreviated - 11.9