Mosaic Corporation Limited - Abbreviated accounts 16.3
Mosaic Corporation Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29TH JULY 2016 |
| FOR |
| MOSAIC CORPORATION LIMITED |
| MOSAIC CORPORATION LIMITED (REGISTERED NUMBER: 03200163) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH JULY 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MOSAIC CORPORATION LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29TH JULY 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MOSAIC CORPORATION LIMITED (REGISTERED NUMBER: 03200163) |
| ABBREVIATED BALANCE SHEET |
| 29TH JULY 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| MOSAIC CORPORATION LIMITED (REGISTERED NUMBER: 03200163) |
| ABBREVIATED BALANCE SHEET - continued |
| 29TH JULY 2016 |
| The financial statements were approved by the Board of Directors on |
| MOSAIC CORPORATION LIMITED (REGISTERED NUMBER: 03200163) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH JULY 2016 |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
| period of the lease. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 30th July 2015 |
| Additions |
| Disposals | ( |
) |
| At 29th July 2016 |
| DEPRECIATION |
| At 30th July 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 29th July 2016 |
| NET BOOK VALUE |
| At 29th July 2016 |
| At 29th July 2015 |
| MOSAIC CORPORATION LIMITED (REGISTERED NUMBER: 03200163) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 29TH JULY 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | 100 |
| 4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The property from which the company trades is owned by the director R C Perkins. The company paid £20,000 |
| (2015: £20,000) during the year for its use. The balance outstanding at the balance sheet date was nil. (2015: |
| nil). |