Multiops Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07616240 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Multiops Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M Bradly

A R Bradly

SECRETARY:

M Bradly

REGISTERED OFFICE:

6 Nottingham Road

Long Eaton

Nottinghamshire

NG10 1HP

REGISTERED NUMBER:

07616240 (England and Wales)

ACCOUNTANTS:

Phipp & Co (Accountants) Limited

6 Nottingham Road

Long Eaton

Nottinghamshire

NG10 1HP

FIXED ASSETS

Tangible assets

2

2,740

1,481

CURRENT ASSETS

Stocks

16,000

14,500

Debtors

61,509

62,016

Cash at bank

28,707

11,762

106,216

88,278

CREDITORS

Amounts falling due within one year

91,872

61,197

NET CURRENT ASSETS

14,344

27,081

TOTAL ASSETS LESS CURRENT
LIABILITIES

17,084

28,562

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

17,082

28,560

SHAREHOLDERS' FUNDS

17,084

28,562

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 February 2017 and were signed
on its behalf by:

M Bradly - 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 goods, 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

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

2,081

Additions

1,742

At 31 May 2016

3,823

DEPRECIATION

At 1 June 2015

600

Charge for year

483

At 31 May 2016

1,083

NET BOOK VALUE

At 31 May 2016

2,740

At 31 May 2015

1,481

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2