Abbreviated Company Accounts - MITHRAS TAX LIMITED

Abbreviated Company Accounts - MITHRAS TAX LIMITED

SMITH & CO ACCOUNTANTS LIMITED - Company Information

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Registered Number 07602208

MITHRAS TAX LIMITED

Abbreviated Accounts

30 April 2016

MITHRAS TAX LIMITED Registered Number 07602208

Abbreviated Balance Sheet as at 30 April 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 557 832
557 832
Current assets
Debtors 200 7,176
Cash at bank and in hand 672 3,712
872 10,888
Creditors: amounts falling due within one year (534) (631)
Net current assets (liabilities) 338 10,257
Total assets less current liabilities 895 11,089
Total net assets (liabilities) 895 11,089
Capital and reserves
Called up share capital 10 10
Profit and loss account 885 11,079
Shareholders' funds 895 11,089
  • For the year ending 30 April 2016 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 29 September 2016

And signed on their behalf by:
Paul Smith, Director

MITHRAS TAX LIMITED Registered Number 07602208

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Equipment - 33% reducing balance method

2Tangible fixed assets
£
Cost
At 1 May 2015 2,328
Additions -
Disposals -
Revaluations -
Transfers -
At 30 April 2016 2,328
Depreciation
At 1 May 2015 1,496
Charge for the year 275
On disposals -
At 30 April 2016 1,771
Net book values
At 30 April 2016 557
At 30 April 2015 832