Micro-entity Accounts - MAXWELL (NI) LIMITED

MAXWELL (NI) LIMITED - Company Information

NI620976 MAXWELL (NI) LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true NI620976 2016-01-01 2016-12-31 NI620976 2016-12-31 NI620976 2015-12-31 NI620976 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 NI620976 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 NI620976 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-01 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 iso4217:GBP shares

Registered Number NI620976

MAXWELL (NI) LIMITED

Micro-entity Accounts

31 December 2016

MAXWELL (NI) LIMITED Registered Number NI620976

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	1	7,000	8,000
Tangible assets	2	167,075	194,530
		174,075	202,530
Current assets
Stocks		23,000	1,000
Debtors		688	227
Cash at bank and in hand		9	10
		23,697	1,237
Creditors: amounts falling due within one year		(1,350)	(1,350)
Net current assets (liabilities)		22,347	(113)
Total assets less current liabilities		196,422	202,417
Creditors: amounts falling due after more than one year		(184,798)	(188,726)
Total net assets (liabilities)		11,624	13,691
Capital and reserves
Called up share capital	3	10	10
Profit and loss account		11,614	13,681
Shareholders' funds		11,624	13,691

For the year ending 31 December 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 January 2017

And signed on their behalf by:
Gary Maxwell, Director

MAXWELL (NI) LIMITED Registered Number NI620976

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Intangible fixed assets

	£
Cost
At 1 January 2016	10,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	10,000
Amortisation
At 1 January 2016	2,000
Charge for the year	1,000
On disposals	-
At 31 December 2016	3,000
Net book values
At 31 December 2016	7,000
At 31 December 2015	8,000

2Tangible fixed assets

	£
Cost
At 1 January 2016	228,848
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	228,848
Depreciation
At 1 January 2016	34,318
Charge for the year	27,455
On disposals	-
At 31 December 2016	61,773
Net book values
At 31 December 2016	167,075
At 31 December 2015	194,530

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
10 Ordinary shares of £1 each	10	10

4Accounting 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 is the total amount receivable by the company for goods supplied and services provided excluding VAT and net of trade discounts, derived from the ordinary activities of the company.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Plant & Machinery 20% reducing balance.

Intangible assets amortisation policy
Goodwill is the difference between the fair value of the consideration given on the acquisition of a business and the aggregate fair value of the separate net assets acquired. It is being amortised through the profit and loss account in equal instalments over its estimated economic life of 10 years on a straight- line basis. Goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.