Mi-Fi Consulting Limited - Period Ending 2015-10-31

Registration number: 6410191

Mi-Fi Consulting Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2015
 

Mi-Fi Consulting Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Mi-Fi Consulting Limited
(Registration number: 6410191)
Abbreviated Balance Sheet at 31 October 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			-			46
Current assets
Debtors					7,661			11,990
Cash at bank and in hand					60,414			30,729
					68,075			42,719
Creditors: Amounts falling due within one year					(26,716)			(20,744)
Net current assets					41,359			21,975
Net assets					41,359			22,021
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					41,358			22,020
Shareholders' funds					41,359			22,021

For the year ending 31 October 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 director acknowledges his 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 director on 16 February 2016

.........................................
Michael Fitzgibbon
Director

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

Mi-Fi Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... 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).

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
Office equipment	25% Reducing balance

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2014		217			217
Disposals		(217)			(217)
At 31 October 2015		-			-
Depreciation
At 1 November 2014		171			171
Eliminated on disposals		(171)			(171)
At 31 October 2015		-			-
Net book value
At 31 October 2015		-			-
At 31 October 2014		46			46

Page 2

Mi-Fi Consulting Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3