Abbreviated Company Accounts - THE MIDDLE WAY LIMITED

THE MIDDLE WAY LIMITED - Company Information

04697199 THE MIDDLE WAY LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04697199 2014-04-01 2015-03-31 04697199 2015-03-31 04697199 2014-03-31 04697199 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04697199 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04697199

THE MIDDLE WAY LIMITED

Abbreviated Accounts

31 March 2015

THE MIDDLE WAY LIMITED Registered Number 04697199

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	624	734
		624	734
Current assets
Stocks		125	305
Debtors		767	1,018
Cash at bank and in hand		1,063	213
		1,955	1,536
Creditors: amounts falling due within one year		(1,583)	(1,821)
Net current assets (liabilities)		372	(285)
Total assets less current liabilities		996	449
Creditors: amounts falling due after more than one year		(30,532)	(27,609)
Total net assets (liabilities)		(29,536)	(27,160)
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(29,636)	(27,260)
Shareholders' funds		(29,536)	(27,160)

For the year ending 31 March 2015 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 30 November 2015

And signed on their behalf by:
P A Gregory, Director

THE MIDDLE WAY LIMITED Registered Number 04697199

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Basis of preparing the financial statements
The financial statements have been prepared on the going concern basis on the assumption that the company can continue to rely on the support of the director.

Accounting convention
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order ro write off each asset over its estimated useful life.
Equipment - 15% on reducing balance

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

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

2Tangible fixed assets

	£
Cost
At 1 April 2014	2,338
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	2,338
Depreciation
At 1 April 2014	1,604
Charge for the year	110
On disposals	-
At 31 March 2015	1,714
Net book values
At 31 March 2015	624
At 31 March 2014	734

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100