Midfit Ltd - Limited company - abbreviated - 11.9
Midfit Ltd - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2015 |
| FOR |
| MIDFIT LTD |
| MIDFIT LTD (REGISTERED NUMBER: 02339568) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| MIDFIT LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MIDFIT LTD (REGISTERED NUMBER: 02339568) |
| ABBREVIATED BALANCE SHEET |
| 30 JUNE 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the Board of Directors on |
| MIDFIT LTD (REGISTERED NUMBER: 02339568) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Finance leases,hire purchase loans and other loans |
| Amounts due under finance leases and hire purchase loans are included as a debtor at the amount of the |
| investment in the lease. Lease payments receivable are apportioned between the repayments of capital and |
| interest so as to give a straight line rate of return on the net cash investment. |
| Whilst this policy is not strictly in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective January 2007) the directors consider that using periodic rate of return would not result in any |
| significant effect on the financial statements. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| and 30 June 2015 |
| DEPRECIATION |
| At 1 July 2014 |
| Charge for year |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 3. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| MIDFIT LTD (REGISTERED NUMBER: 02339568) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 30 JUNE 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| B Ordinary | £1 |
| C Ordinary | £1 |
| 50,010 | 50,010 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year the company paid Mr JH Kelsey, a director and shareholder, £1,560 (2014 £1,040) for the use of |
| his residence as the business address. |
| 6. | FINANCE LEASES |
| During the year the company acquired assets costing £207,650 (2013 £164,405) which are let under finance |
| leases. |