Micro Connect Limited - Abbreviated accounts 16.3

Micro Connect Limited - Abbreviated accounts 16.3

MICRO CONNECT LIMITED - Company Information

Print Friendly Version

02453065 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure024530652015-03-31024530652016-03-31024530652015-04-012016-03-31024530652014-03-31024530652014-04-012015-03-31024530652015-03-3102453065ns12:England2015-04-012016-03-3102453065ns14:PoundSterling2015-04-012016-03-3102453065ns7:Director12015-04-012016-03-3102453065ns7:OrdinaryShareClass12015-04-012016-03-3102453065ns7:RegisteredOffice2015-04-012016-03-3102453065ns7:EntityAccountantsOrAuditors2015-04-012016-03-3102453065ns5:PlantMachinery2015-04-012016-03-3102453065ns5:FixturesFittings2015-04-012016-03-3102453065ns5:MotorVehicles2015-04-012016-03-3102453065ns7:OrdinaryShareClass12016-03-3102453065ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 02453065 (England and Wales)










Abbreviated Accounts

for the Year Ended 31 March 2016

for

Micro Connect Limited

Micro Connect Limited (Registered number: 02453065)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Micro Connect Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: Mr D Whitchurch





REGISTERED OFFICE: 22 Bradshaw Drive
Holbrook
Belper
Derbyshire
DE56 0SZ





REGISTERED NUMBER: 02453065 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
The Old Manse
29 St. Mary Street
Ilkeston
Derbyshire
DE7 8AB
Page 1
Micro Connect Limited (Registered number: 02453065)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 6,848 13,312

CURRENT ASSETS
Stocks 1,082 615
Debtors 23,936 25,434
Cash at bank and in hand 19,319 45,899
44,337 71,948
CREDITORS
Amounts falling due within one year 34,780 24,522
NET CURRENT ASSETS 9,557 47,426
TOTAL ASSETS LESS CURRENT
LIABILITIES
16,405
60,738

CAPITAL AND RESERVES
Called up share capital 3 10,000 10,000
Profit and loss account 6,405 50,738
SHAREHOLDERS' FUNDS 16,405 60,738

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 21 June 2016 and were signed by:




Mr D Whitchurch - Director


The notes form part of these abbreviated accounts

Page 2
Micro Connect Limited (Registered number: 02453065)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


1. ACCOUNTING POLICIES

Principal accounting policies
The principal accounting policies adopted in the preparation of the Financial Statements are set out
below and have remained unchanged from the previous year and also have been consistently applied
within the same Financial Statements.


Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance
with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The effect of events relating to the year ended 31st March 2016, which occurred before the date of
approval of the Financial Statements by the Board of Directors, have been included to the extent
required to show a true and fair view of the state of affairs at 31st March 2016 and of the results for
the year ended on that date.

Turnover
The Company`s turnover represents the value of services supplied to United Kingdom customers
during the year and is attributable to the principal activity.


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

Demonstration equipment - 50% on cost
Equipment & fixtures - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

Research and development
Expenditure on Research and Development is written off against profits in the year in which it is
incurred.


Page 3 continued...
Micro Connect Limited (Registered number: 02453065)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 35,197
Additions 913
At 31 March 2016 36,110
DEPRECIATION
At 1 April 2015 21,885
Charge for year 7,377
At 31 March 2016 29,262
NET BOOK VALUE
At 31 March 2016 6,848
At 31 March 2015 13,312

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
10,000 Ordinary £1 10,000 10,000

4. CONTROLLING INTEREST

The Company was controlled throughout the current and previous year by the Director, Mr D.J.
Whitchurch, by virtue of the fact that he owns 100% of the Issued Ordinary Share Capital.


Page 4