Mitmas Limited - Abbreviated accounts 16.3
Mitmas Limited - Abbreviated accounts 16.3
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 August 2016 |
for |
Mitmas Limited |
Mitmas Limited (Registered number: 09163705) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Mitmas Limited |
Company Information |
for the Year Ended 31 August 2016 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Mitmas Limited (Registered number: 09163705) |
Abbreviated Balance Sheet |
31 August 2016 |
2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 2 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the Board of Directors on |
Mitmas Limited (Registered number: 09163705) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, as the directors have indicated their |
intention to provide the company with their continued support, for a period for at least twelve months from the |
approval date of these accounts. |
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). |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
Joint venture |
Dependant on the precise nature of the joint venture, either (i) the company's share of the venture is taken directly |
to the profit and loss account and disclosed as joint venture results, or (ii) the company's share of the whole |
transaction is included in sales, cost of sales, interest payable, loans and stock of properties, as appropriate, or |
(iii) the whole transaction is accounted for by the company with the results due to third parties being treated as |
part of the cost of sales. |
2. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |