Abbreviated Company Accounts - MILI CONSULTING LIMITED
Abbreviated Company Accounts - MILI CONSULTING LIMITED
Registered Number 09805503
MILI CONSULTING LIMITED
Abbreviated Accounts
31 October 2016
MILI CONSULTING LIMITED Registered Number 09805503
Abbreviated Balance Sheet as at 31 October 2016
| Notes | 2016 | ||
|---|---|---|---|
| £ | |||
| Current assets | |||
| Debtors |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year |
( |
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| Net current assets (liabilities) |
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| Total assets less current liabilities |
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| Total net assets (liabilities) |
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| Capital and reserves | |||
| Called up share capital | 2 |
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| Profit and loss account |
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| Shareholders' funds |
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For the year ending 31 October 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
MILI CONSULTING LIMITED Registered Number 09805503
Notes to the Abbreviated Accounts for the period ended 31 October 2016
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.