Abbreviated Company Accounts - MICHAEL CARLING LIMITED

MICHAEL CARLING LIMITED - Company Information

05984158 MICHAEL CARLING LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 05984158 2014-11-01 2015-10-31 05984158 2015-10-31 05984158 2014-10-31 05984158 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 05984158 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 05984158

MICHAEL CARLING LIMITED

Abbreviated Accounts

31 October 2015

MICHAEL CARLING LIMITED Registered Number 05984158

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	692,956	734,118
Tangible assets	3	25,333	25,442
		718,289	759,560
Current assets
Stocks		3,405	5,370
Debtors		40,562	61,144
Cash at bank and in hand		2	2
		43,969	66,516
Creditors: amounts falling due within one year		(200,026)	(257,083)
Net current assets (liabilities)		(156,057)	(190,567)
Total assets less current liabilities		562,232	568,993
Creditors: amounts falling due after more than one year		-	(47,706)
Total net assets (liabilities)		562,232	521,287
Capital and reserves
Called up share capital	4	200	200
Profit and loss account		562,032	521,087
Shareholders' funds		562,232	521,287

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 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 22 July 2016

And signed on their behalf by:
Mr M Carling, Director

MICHAEL CARLING LIMITED Registered Number 05984158

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Computer equipment 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance

Other accounting policies
The financial statements are prepared in accordance with applicable United Kingdom Accounting
Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied
consistently (except as otherwise stated).

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 November 2014	1,027,797
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	1,027,797
Amortisation
At 1 November 2014	293,679
Charge for the year	41,162
On disposals	-
At 31 October 2015	334,841
Net book values
At 31 October 2015	692,956
At 31 October 2014	734,118

3Tangible fixed assets

	£
Cost
At 1 November 2014	139,010
Additions	8,336
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	147,346
Depreciation
At 1 November 2014	113,568
Charge for the year	8,445
On disposals	-
At 31 October 2015	122,013
Net book values
At 31 October 2015	25,333
At 31 October 2014	25,442

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
200 Ordinary shares of £1 each	200	200