ML Home Design Limited - Abbreviated accounts 16.1

ML Home Design Limited - Abbreviated accounts 16.1

ML HOME DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 06729481















ML Home Design Limited

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015






ML Home Design Limited (Registered number: 06729481)

Contents of the Abbreviated Accounts
for the Year Ended 31 October 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

ML Home Design Limited

Company Information
for the Year Ended 31 October 2015







DIRECTOR: M Lanteri





SECRETARY: M Lanteri





REGISTERED OFFICE: 3 Southernhay West
Exeter
Devon
EX1 1JG





REGISTERED NUMBER: 06729481





ACCOUNTANTS: Haines Watts Exeter LLP
3 Southernhay West
Exeter
Devon
EX1 1JG
Page 1
ML Home Design Limited (Registered number: 06729481)

Abbreviated Balance Sheet
31 October 2015

2015 2014
Notes £    £   
FIXED ASSETS
Tangible assets 2 - 375

CURRENT ASSETS
Debtors 3,500 3,500
Cash at bank 89 659
3,589 4,159
CREDITORS
Amounts falling due within one year (49,250 ) (41,524 )
NET CURRENT LIABILITIES (45,661 ) (37,365 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(45,661
)
(36,990
)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (45,761 ) (37,090 )
SHAREHOLDERS' FUNDS (45,661 ) (36,990 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 27 July 2016 and were signed by:





M Lanteri - Director


The notes form part of these abbreviated accounts

Page 2
ML Home Design Limited (Registered number: 06729481)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 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 amounts chargeable in respect of the sale of services to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 25% straight line

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.

Going concern
The company is reliant on the support of its director, M Lanteri, who has indicated that she will not
demand repayment of the amount due to her from the company in the forseeable future. Ms Lanteri
considers that with her continuing support, the company has sufficient financial resources to meet its
requirements for the future.

The financial statements do not include any adjustment that would result from Ms Lanteri demanding
repament of the amount due to her. Such adjustments would reduce the value of the assets of ML
Home Design Limited to their realisable value and to provide for liabilities not presently included in
the financial statements.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014
and 31 October 2015 4,000
DEPRECIATION
At 1 November 2014 3,625
Charge for year 375
At 31 October 2015 4,000
NET BOOK VALUE
At 31 October 2015 -
At 31 October 2014 375

Page 3 continued...
ML Home Design Limited (Registered number: 06729481)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2015


3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4