Abbreviated Company Accounts - MICHAEL AXFORD (HOLDINGS) LTD

MICHAEL AXFORD (HOLDINGS) LTD - Company Information

04559295 MICHAEL AXFORD (HOLDINGS) LTD 2016-03-31 false 2015-04-01 2016-03-31 true 04559295 2015-04-01 2016-03-31 04559295 2016-03-31 04559295 2015-03-31 04559295 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04559295 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04559295

MICHAEL AXFORD (HOLDINGS) LTD

Abbreviated Accounts

31 March 2016

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	98	123
Investments	3	100	169,019
		198	169,142
Current assets
Debtors		-	16,501
Cash at bank and in hand		23,245	5,410
		23,245	21,911
Creditors: amounts falling due within one year		(720)	(720)
Net current assets (liabilities)		22,525	21,191
Total assets less current liabilities		22,723	190,333
Provisions for liabilities		0	(178,411)
Total net assets (liabilities)		22,723	11,922
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		22,623	11,822
Shareholders' funds		22,723	11,922

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 16 December 2016

And signed on their behalf by:
Mrs J A Axford, Director

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land and buildings No depreciation
Plant and machinery - other 25% reducing balance
Plant and machinery - computer equipment 33.33% straight line
Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	8,682
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	8,682
Depreciation
At 1 April 2015	8,559
Charge for the year	25
On disposals	-
At 31 March 2016	8,584
Net book values
At 31 March 2016	98
At 31 March 2015	123

3Fixed assets Investments
The remaining investment property was sold during the year for £245,000

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100