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Company registration number: |
06823938
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M.I.WARD ENTERPRISES LIMITED
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REPORT OF THE DIRECTOR'S AND |
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 February 2017 |
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M.I.WARD ENTERPRISES LIMITED |
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BALANCE SHEET |
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AS AT 28 February 2017
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2017 |
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2016 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS | | | | | | | | | | | |
Tangible assets | | | 3 | | | 5,062 | | | | 6,750 | |
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| | | | | | | 5,062 | | | | 6,750 | |
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CURRENT ASSETS |
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Stocks | | | | 0 | | | | 2,280 | | | | |
Debtors | | | | 4,270 | | | | 33,635 | | | | |
Cash at bank and in hand | | | | 14,245 | | | | 2,669 | | | | |
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| | | | | 18,515 | | | | 38,584 | | | |
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CREDITORS |
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Amounts falling due within one year |
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(9,050) |
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(17,765) |
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NET CURRENT ASSETS |
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9,465 |
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20,819 |
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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14,527 |
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27,569 |
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NET ASSETS |
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14,527 |
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27,569 |
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CAPITAL AND RESERVES |
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Called-up equity share capital |
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1 |
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1 |
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Profit and loss account |
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14,526 |
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27,568 |
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SHAREHOLDERS FUNDS |
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14,527 |
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27,569 |
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For the year ending 28 February 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. | | | | | | | |
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. | | | | | | | |
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts. | | | | | | | |
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These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 8 September 2017 and signed on its behalf. | | | | | | | |
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All members have consented to the preparation of these abridged financial statements. | | | | | | | |
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.......................................................................... |
M I Ward |
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8 September 2017
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The annexed notes form part of these financial statements. | | | | | | | |
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M.I.WARD ENTERPRISES LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2017 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The financial statements have been prepared under the historical cost covention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
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| Turnover | | | | | | | | | |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer. Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided. | |
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2. | Employees | | | |
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| The average number of persons employed by the company (including directors during the year was 1 (2016 : 1). |
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3. | Tangible fixed assets | | | | | | | | | |
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Total |
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| Cost | | | | | | | | | | |
| At start of period | | 9,000 | |
| At end of period | | 9,000 | |
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| Depreciation | | | | | | | | | | |
| At start of period | | 2,250 | |
| Provided during the period | | 1,688 | |
| At end of period | | 3,938 | |
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| Net Book Value | | | | | | | | | |
| At start of period | | 6,750 | |
| At end of period | | 5,062 | |
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4. | Related Party Transactions | | | | | | | | |
| During the year dividends amounting to £ 15,800 were paid to the directors in their capacity of shareholders of M.I.Ward Enterprises Limited . | |
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