Molini Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05601231 (England and Wales)

Molini Limited

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A S W Henry

Mrs L M Henry

SECRETARY:

Mrs L M Henry

REGISTERED OFFICE:

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

REGISTERED NUMBER:

05601231 (England and Wales)

ACCOUNTANTS:

Hughes Waddell

The White House

2 Meadrow

Godalming

Surrey

GU7 3HN

FIXED ASSETS

Tangible assets

2

1,790

2,252

CURRENT ASSETS

Debtors

23,171

13,005

Cash at bank

-

2,703

23,171

15,708

CREDITORS

Amounts falling due within one year

24,936

17,951

NET CURRENT LIABILITIES

(1,765

)

(2,243

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25

9

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

23

7

SHAREHOLDERS' FUNDS

25

9

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 directors acknowledge their 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 Board of Directors on 21 December 2016 and were signed on its behalf
by:

A S W Henry - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Bicycle

-

33% on reducing balance

Computer equipment

-

20% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

23,115

DEPRECIATION

At 1 April 2015

20,863

Charge for year

462

At 31 March 2016

21,325

NET BOOK VALUE

At 31 March 2016

1,790

At 31 March 2015

2,252

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1

Ordinary

£1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2016 and

31 March 2015:

31.3.16

31.3.15

£

A S W Henry

Balance outstanding at start of year

7,522

5,045

Amounts advanced

45,131

2,477

Amounts repaid

(43,187

)

-

Balance outstanding at end of year

9,466

7,522

5.	RELATED PARTY DISCLOSURES

During the year total dividends of £21,700 (2015: £11,560) were paid to the director and his spouse.