MM INSTRUMENTS LIMITED

MM INSTRUMENTS LIMITED

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Acorah Software Products - Accounts Production 5.7.044 false No description of principal activity true 1 July 2016 30 June 2017 30 June 2017 SC197117 iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC197117 2016-06-30 SC197117 2017-06-30 SC197117 2016-07-01 2017-06-30 SC197117 frs-core:CurrentFinancialInstruments 2017-06-30 SC197117 frs-core:CurrentFinancialInstruments 2016-07-01 2017-06-30 SC197117 frs-core:Non-currentFinancialInstruments 2017-06-30 SC197117 frs-core:Non-currentFinancialInstruments 2016-07-01 2017-06-30 SC197117 frs-core:CurrentFinancialInstruments 2016-07-01 2017-06-30 SC197117 frs-core:CurrentFinancialInstruments 2017-06-30 SC197117 frs-core:AfterOneYear 2016-07-01 2017-06-30 SC197117 frs-core:BetweenOneFiveYears 2016-07-01 2017-06-30 SC197117 frs-core:BetweenOneFiveYears 2017-06-30 SC197117 frs-core:ComputerEquipment 2017-06-30 SC197117 frs-core:ComputerEquipment 2016-07-01 2017-06-30 SC197117 frs-core:ComputerEquipment 2016-06-30 SC197117 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Registered number: SC197117
MM INSTRUMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2017
Menzies Accountants Ltd

23 Windsor Street
EDINBURGH
EH7 5LA
MM INSTRUMENTS LIMITED
Unaudited Financial Statements
For The Year Ended 30 June 2017
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
MM INSTRUMENTS LIMITED
Balance Sheet
As at 30 June 2017
Balance Sheet
Registered number: SC197117
2017 2016
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 77 103
77 103
CURRENT ASSETS
Debtors 5 23 14
Cash at bank and in hand 381 774
404 788
Creditors: Amounts Falling Due Within One Year 6 (189,758 ) (188,758 )
NET CURRENT ASSETS (LIABILITIES) (189,354 ) (187,970 )
TOTAL ASSETS LESS CURRENT LIABILITIES (189,277 ) (187,867 )
NET ASSETS (189,277 ) (187,867 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and loss account (189,280 ) (187,870 )
SHAREHOLDERS' FUNDS (189,277) (187,867)
Page 1
MM INSTRUMENTS LIMITED
Balance Sheet (continued)
As at 30 June 2017
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities
  • The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr JA McGrath
31/07/2017

The notes on pages 4 to 5 form part of these financial statements.
Page 2
MM INSTRUMENTS LIMITED
Statement of Changes in Equity
For The Year Ended 30 June 2017
Statement of Changes in Equity
Share Capital Profit & Loss Account Total
£ £ £
As at 1 July 2015 3 (184,519 ) (184,516)
Loss for the year and total comprehensive income - (3,351 ) (3,351)
As at 30 June 2016 and 1 July 2016 3 (187,870 ) (187,867)
Loss for the year and total comprehensive income - (1,410 ) (1,410)
As at 30 June 2017 3 (189,280 ) (189,277)
Page 3
MM INSTRUMENTS LIMITED
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Fixtures & Fittings 25% reducing balance
1.3. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average number of employees
Average number of employees, including directors, during the year was as follows:
2017 2016
Office and administration 1 -
Manufacturing 1 -
2 -
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 July 2016 5,654 2,500 8,154
As at 30 June 2017 5,654 2,500 8,154
Depreciation
As at 1 July 2016 5,551 2,500 8,051
Provided during the period 26 - 26
As at 30 June 2017 5,577 2,500 8,077
Net Book Value
As at 30 June 2017 77 - 77
As at 1 July 2016 103 - 103
Page 4
MM INSTRUMENTS LIMITED
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
5. Debtors
2017 2016
£ £
Due within one year
Other debtors 23 14
23 14
6. Creditors: Amounts Falling Due Within One Year
2017 2016
£ £
Other creditors 1,151 1,151
Accruals and deferred income 1,000 1,000
Director's loan account 187,607 186,607
189,758 188,758
7. Share Capital
Value Number 2017 2016
Allotted, called up and fully paid £ £ £
Ordinary shares 1.000 3 3 3
8. Ultimate Controlling Party
The company's ultimate controlling party is JA Murray McGrath by virtue of his ownership of 100% of the issued share capital in the company.
9. General Information
MM INSTRUMENTS LIMITED Registered number SC197117 is a limited by shares company incorporated in Scotland. The Registered Office is 23 Windsor Street, EDINBURGH, EH7 5LA.
Page 5