Company Registration No. 03392932 (England and Wales)
MICHAEL MICHAELS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
MICHAEL MICHAELS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
MICHAEL MICHAELS LIMITED
ABBREVIATED BALANCE SHEET
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
10,688
9,535
Current assets
Debtors
42,754
6,639
Cash at bank and in hand
509,047
579,283
551,801
585,922
Creditors: amounts falling due within one year
(13,041)
(6,326)
Net current assets
538,760
579,596
Total assets less current liabilities
549,448
589,131
Provisions for liabilities
(2,368)
(1,907)
547,080
587,224
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
546,980
587,124
Shareholders' funds
547,080
587,224
For the financial year ended 30 June 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 members have 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 his 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 28 March 2017
Mr M Michaels
Director
Company Registration No. 03392932
MICHAEL MICHAELS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2016
- 2 -
1
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).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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:
Plant and machinery
25% Straight line
Computer equipment
33% straight line
Fixtures, fittings & equipment
10% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
124,647
Additions
6,046
At 30 June 2016
130,693
Depreciation
At 1 July 2015
115,013
Charge for the year
4,992
At 30 June 2016
120,005
Net book value
At 30 June 2016
10,688
At 30 June 2015
9,535
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2016-06-302015-07-01falsetruetruetruetruetruetmp18B7.html2017-03-29033929322015-07-012016-06-30033929322016-06-30033929322015-06-30033929322015-06-3003392932uk-bus:Director12015-07-012016-06-3003392932uk-gaap:PlantMachinery2015-07-012016-06-3003392932uk-gaap:ComputerEquipment2015-07-012016-06-3003392932uk-gaap:FixturesFittingsToolsEquipment2015-07-012016-06-3003392932uk-bus:OrdinaryShareClass12015-07-012016-06-3003392932uk-bus:OrdinaryShareClass12016-06-3003392932uk-bus:OrdinaryShareClass12015-06-30xbrli:purexbrli:sharesiso4217:GBP
