MOU_LIMITED - Accounts

MOU LIMITED - Company Information

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Company Registration No. 04454781 (England and Wales)

MOU LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

MOU LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

MOU LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

38,535

48,169

Tangible assets

5,599

4,094

44,134

52,263

Current assets

Stocks

114,951

Debtors

88,925

112,342

Cash at bank and in hand

87,331

36,759

291,207

264,052

Creditors: amounts falling due within one year

(46,205)

(73,999)

Net current assets

245,002

190,053

Total assets less current liabilities

289,136

242,316

Creditors: amounts falling due after more than one year

(97,500)

289,136

144,816

Capital and reserves

Called up share capital

200

Profit and loss account

288,936

144,616

Shareholders' funds

289,136

144,816

MOU LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 March 2017

Ms Shelley Tichborne

Director

Company Registration No. 04454781

MOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

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.

1.4

Tangible fixed assets and depreciation

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:

Fixtures, fittings & equipment

25% on reducing balance basis

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2015

96,335

14,412

110,747

Additions

3,372

At 30 June 2016

96,335

17,784

114,119

Depreciation

At 1 July 2015

48,167

10,319

58,486

Charge for the year

9,633

1,866

11,499

At 30 June 2016

57,800

12,185

69,985

Net book value

At 30 June 2016

38,535

5,599

44,134

At 30 June 2015

48,169

4,094

52,263

MOU LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

200 Ordinary of £1 each

200

Ultimate parent company

The ultimate controlling party is the director of the company who is also a 100% shareholder.