Mia International Limited - Period Ending 2014-12-31

Registration number: 06487123

Mia International Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

Mia International Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Mia International Limited
(Registration number: 06487123)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					331			441
Current assets
Debtors					28,070			67,767
Cash at bank and in hand					35,458			52,343
					63,528			120,110
Creditors: Amounts falling due within one year					(47,912)			(97,467)
Net current assets					15,616			22,643
Net assets					15,947			23,084
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					15,847			22,984
Shareholders' funds					15,947			23,084

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 24 September 2015 and signed on its behalf by:

.........................................
I C Hocking
Director

.........................................
A J Hocking
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Mia International Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings amd equipment	25% reducing balance basis

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Mia International Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		2,645			2,645
At 31 December 2014		2,645			2,645
Depreciation
At 1 January 2014		2,204			2,204
Charge for the year		110			110
At 31 December 2014		2,314			2,314
Net book value
At 31 December 2014		331			331
At 31 December 2013		441			441

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

4	Related party transactions

Interest is charged on directors loans at the HM Revenue and Customs official rate.

Directors' advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
A J Hocking
Directors Loans	9,592	-	-	-
I C Hocking
Directors loans	9,592	-	-	-

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