MIEN_MAGAZINE_LIMITED - Accounts

MIEN MAGAZINE LIMITED - Company Information

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Company Registration No. 06560270 (England and Wales)

MIEN MAGAZINE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

MIEN MAGAZINE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

MIEN MAGAZINE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

4,250

5,313

Current assets

Debtors

273

147

Cash at bank and in hand

366

570

639

717

Creditors: amounts falling due within one year

(63,290)

(61,832)

Net current liabilities

(62,651)

(61,115)

Total assets less current liabilities

(58,401)

(55,802)

Capital and reserves

Called up share capital

Profit and loss account

(58,402)

(55,803)

Shareholder's funds

(58,401)

(55,802)

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 January 2017

Mrs D Gornitzki

Director

Company Registration No. 06560270

MIEN MAGAZINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

These financial statements have been prepared on the assumption that the company will continue in operational existence for the foreseeable future.

The validity of this assumption depends on the continuing support of the director and creditors.

If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts, to reclassify fixed assets as current assets and to provide for further liabilities which might arise.

1.2

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment

20% reducing balance

Fixed assets

Tangible assets

Cost

At 1 May 2015 & at 30 April 2016

23,851

Depreciation

At 1 May 2015

18,538

Charge for the year

1,063

At 30 April 2016

19,601

Net book value

At 30 April 2016

4,250

At 30 April 2015

5,313

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each

MIEN MAGAZINE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Ultimate parent company

The ultimate parent company is Manic Inc. Limited.