Abbreviated Company Accounts - MISYS TRADE LTD

07976037 MISYS TRADE LTD 2016-03-31 false 2015-04-01 2016-03-31 true 07976037 2015-04-01 2016-03-31 07976037 2016-03-31 07976037 2015-03-31 07976037 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07976037 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 07976037

MISYS TRADE LTD

Abbreviated Accounts

31 March 2016

MISYS TRADE LTD Registered Number 07976037

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	387	484
		387	484
Current assets
Debtors		820	3,420
Cash at bank and in hand		6,807	1,154
		7,627	4,574
Creditors: amounts falling due within one year		(7,813)	(4,955)
Net current assets (liabilities)		(186)	(381)
Total assets less current liabilities		201	103
Total net assets (liabilities)		201	103
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		200	102
Shareholders' funds		201	103

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 27 January 2017

And signed on their behalf by:
Mr Muhammad Ilhaq, Director

MISYS TRADE LTD Registered Number 07976037

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 January 2015.

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.
Plant and machinery - 20% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	945
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	945
Depreciation
At 1 April 2015	461
Charge for the year	97
On disposals	-
At 31 March 2016	558
Net book values
At 31 March 2016	387
At 31 March 2015	484

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

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