MIA Online Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04861280 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

MIA ONLINE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Dalrymple-White

Mrs E B Dalrymple-White

SECRETARY:

J Dalrymple-White

REGISTERED OFFICE:

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

REGISTERED NUMBER:

04861280 (England and Wales)

ACCOUNTANTS:

Connah Goldsworthy

Chartered Certified Accountants

12 Station Court

Station Approach

Wickford

Essex

SS11 7AT

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

4,627

6,730

4,627

6,730

CURRENT ASSETS

Debtors

103

1,708

Cash at bank and in hand

52,631

48,169

52,734

49,877

CREDITORS

Amounts falling due within one year

71,125

63,512

NET CURRENT LIABILITIES

(18,391

)

(13,635

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,764

)

(6,905

)

CAPITAL AND RESERVES

Called up share capital

4

60,000

Profit and loss account

(73,764

)

(66,905

)

SHAREHOLDERS' FUNDS

(13,764

)

(6,905

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 December 2016 and were signed on its behalf
by:

J Dalrymple-White - Director

Mrs E B Dalrymple-White - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The company's directors have confirmed that they will continue to make available such financial support as is

required to enable the company to continue to trade for the foreseeable future. Having considered this and all

other information available to them up to the date on which the financial statements were approved, the

directors consider it is appropriate to prepare the financial statements on a going concern basis.

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).

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in

equal annual instalments over their estimated useful lives. The patents have now been fully amortised.

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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

6,500

AMORTISATION

At 1 September 2015

and 31 August 2016

6,500

NET BOOK VALUE

At 31 August 2016

-

At 31 August 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

32,234

DEPRECIATION

At 1 September 2015

25,504

Charge for year

2,103

At 31 August 2016

27,607

NET BOOK VALUE

At 31 August 2016

4,627

At 31 August 2015

6,730

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

60,000

Ordinary

£1

60,000