Magic Milestones Limited - Limited company - abbreviated - 11.9
Magic Milestones Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 30 June 2015 |
| for |
| Magic Milestones Limited |
| Magic Milestones Limited (Registered number: 06261134) |
| 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 | 4 |
| Magic Milestones Limited |
| Company Information |
| for the Year Ended 30 June 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Magic Milestones Limited (Registered number: 06261134) |
| Abbreviated Balance Sheet |
| 30 June 2015 |
| 30.6.15 | 30.6.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| 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. |
| Magic Milestones Limited (Registered number: 06261134) |
| Abbreviated Balance Sheet - continued |
| 30 June 2015 |
| The financial statements were approved by the Board of Directors on behalf by: |
| Magic Milestones Limited (Registered number: 06261134) |
| 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 goods, excluding value added tax, except in respect of |
| service contracts where turnover is recognised when the company obtains the right to consideration. |
| Development costs |
| Expenditure on research and development is charged to the profit and loss account in the year in |
| which it is incurred, except where it is incurred in respect of the development of major new products or |
| services, where the outcome of those projects is assessed as being reasonably certain as regards |
| viability and technical feasibility. Such expenditure is capitalised and amortised straight line over the |
| estimated period of sale for each product, commencing in the year that sales of the product or service |
| are first made. |
| Deferred development expenditure is reviewed at the end of each accounting period and where the |
| circumstances that justified the deferral of expenditure no longer apply, or are considered doubtful, the |
| expenditure, to the extent to which it is considered to be irrecoverable, is to be written off immediately |
| project by project. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| 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. |
| 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 the profit and loss account in the period to which they |
| relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 30 June 2015 |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| Magic Milestones Limited (Registered number: 06261134) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2014 |
| Additions |
| At 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 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 July 2014 | 10,000 |
| Disposals | (10,000 | ) |
| At 30 June 2015 | - |
| NET BOOK VALUE |
| At 30 June 2015 |
| At 30 June 2014 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.6.15 | 30.6.14 |
| value: | £ | £ |
| NIL | Ordinary | £1 |
| Ordinary A | 0.01p |
| Ordinary B | 0.01p |
| 156 | 100 |
| The following shares were issued during the year for cash at par : |
| Magic Milestones Limited (Registered number: 06261134) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2015 |
| 6. | CALLED UP SHARE CAPITAL - continued |
| On the 5 September 2014, the Ordinary £1 shares were subdivided into 100,000 shares of £0.001 and |
| reclassified as Ordinary A shares. |
| 7. | ULTIMATE PARENT COMPANY |
| On the 5 September 2014, Adaptive Ant Consulting Ltd became the Company's ultimate parent |
| company. |