Millie Jones Limited - Accounts to registrar (filleted) - small 18.1

Millie Jones Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 08897196(England and Wales)















Financial Statements for the Year Ended 28 February 2018

for

Millie Jones Limited

Millie Jones Limited (Registered number: 08897196)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Millie Jones Limited

Company Information
for the Year Ended 28 February 2018







DIRECTOR: Mrs E Bowler





REGISTERED OFFICE: 63 Osborne Road
Farnborough
Hampshire
GU14 6AP





REGISTERED NUMBER: 08897196(England and Wales)





ACCOUNTANTS: Martin & Co Accountants Ltd
23 High Street
Bagshot
Surrey
GU19 5AF

Millie Jones Limited (Registered number: 08897196)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,182 66,833

CURRENT ASSETS
Stocks 4,600 4,600
Debtors 5 64,123 -
Cash at bank and in hand 29,398 29,573
98,121 34,173
CREDITORS
Amounts falling due within one year 6 97,828 66,292
NET CURRENT ASSETS/(LIABILITIES) 293 (32,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,475

34,714

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 57,474 34,713
SHAREHOLDERS' FUNDS 57,475 34,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 11 June 2018and were signed by:





Mrs E Bowler- Director


Millie Jones Limited (Registered number: 08897196)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Millie Jones Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14(2017 - 12) .

Millie Jones Limited (Registered number: 08897196)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2017 100,000
Additions 500
At 28 February 2018 100,500
DEPRECIATION
At 1 March 2017 33,167
Charge for year 10,151
At 28 February 2018 43,318
NET BOOK VALUE
At 28 February 2018 57,182
At 28 February 2017 66,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 2,330 -
Other debtors 61,793 -
64,123 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade creditors 55,079 22,103
Taxation and social security 39,843 38,096
Other creditors 2,906 6,093
97,828 66,292

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and
28 February 2017:

28.2.18 28.2.17
£    £   
Mrs E Bowler
Balance outstanding at start of year - -
Amounts advanced 9,293 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,293 -

Millie Jones Limited (Registered number: 08897196)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES - continued

The balance owed by the director to the company at the balance sheet date was £9,293. This amount was repaid
on 07 March 2018.

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs E Bowler.