Abbreviated Company Accounts - MITON SYSTEMS LIMITED

Abbreviated Company Accounts - MITON SYSTEMS LIMITED

MITON SYSTEMS LIMITED - Company Information

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Registered Number 05060224

MITON SYSTEMS LIMITED

Abbreviated Accounts

31 March 2016

MITON SYSTEMS LIMITED Registered Number 05060224

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 715 894
715 894
Current assets
Debtors 19,315 459
Cash at bank and in hand 3,543 21,948
22,858 22,407
Creditors: amounts falling due within one year (5,790) (18,297)
Net current assets (liabilities) 17,068 4,110
Total assets less current liabilities 17,783 5,004
Creditors: amounts falling due after more than one year (650) (1,439)
Total net assets (liabilities) 17,133 3,565
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,033 3,465
Shareholders' funds 17,133 3,565
  • For the year ending 31 March 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 20 October 2016

And signed on their behalf by:
M QUELCH, Director

MITON SYSTEMS LIMITED Registered Number 05060224

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents the total invoice value excluding VAT

Tangible assets depreciation policy
Depreciation of assets is at 33.3% on reducing balance

2Tangible fixed assets
£
Cost
At 1 April 2015 6,053
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 6,053
Depreciation
At 1 April 2015 5,159
Charge for the year 179
On disposals -
At 31 March 2016 5,338
Net book values
At 31 March 2016 715
At 31 March 2015 894

Depreciation is at 33.3% of cost p.a.