Micon International Co Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04026319 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

MICON INTERNATIONAL CO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C R Lattanzi

J Spooner

S C Bartlett

C A Jacobs

R M Gowans

SECRETARY:

S C Bartlett

REGISTERED OFFICE:

Suite 10 Keswick Hall

Keswick

Norwich

Norfolk

NR4 6TJ

REGISTERED NUMBER:

04026319 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

2

18,184

25,978

CURRENT ASSETS

Debtors

99,789

68,687

Cash at bank and in hand

213,006

116,667

312,795

185,354

CREDITORS

Amounts falling due within one year

99,613

22,417

NET CURRENT ASSETS

213,182

162,937

TOTAL ASSETS LESS CURRENT
LIABILITIES

231,366

188,915

CREDITORS

Amounts falling due after more than one
year

104,599

NET ASSETS

126,767

84,316

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

126,765

84,314

SHAREHOLDERS' FUNDS

126,767

84,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 24 March 2017 and were signed on its behalf by:

S C Bartlett - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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

-

30% on reducing balance

Depreciation is charged from the month of purchase.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

132,139

DEPRECIATION

At 1 July 2015

106,161

Charge for year

7,794

At 30 June 2016

113,955

NET BOOK VALUE

At 30 June 2016

18,184

At 30 June 2015

25,978

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4.	ULTIMATE PARENT COMPANY

Micon International Limited (incorporated in Canada ) is regarded by the directors as being the company's

ultimate parent company.