Mike Woodward Limited - Accounts to registrar (filleted) - small 17.3

Mike Woodward Limited - Accounts to registrar (filleted) - small 17.3

MIKE WOODWARD LIMITED - Company Information

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REGISTERED NUMBER: 09413924 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

FOR

MIKE WOODWARD LIMITED
MIKE WOODWARD LIMITED (REGISTERED NUMBER: 09413924)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


MIKE WOODWARD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2017







DIRECTORS: M C Woodward
Mrs L E Woodward





REGISTERED OFFICE: 57/61 Market Place
Cannock
Staffordshire
WS11 1BP





REGISTERED NUMBER: 09413924 (England and Wales)





ACCOUNTANTS: Shelvoke Pickering Janney LLP
Chartered Accountants
57-61 Market Place
Cannock
Staffordshire
WS11 1BP
Page 1
MIKE WOODWARD LIMITED (REGISTERED NUMBER: 09413924)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 563 750

CURRENT ASSETS
Debtors 5 7,841 6,790
Cash at bank 3,178 3,724
11,019 10,514
CREDITORS
Amounts falling due within one year 6 11,701 10,954
NET CURRENT LIABILITIES (682 ) (440 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(119
)
310

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (219 ) 210
SHAREHOLDERS' FUNDS (119 ) 310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 October 2017 and were signed on
its behalf by:





M C Woodward - Director


The notes form part of these financial statements

Page 2
MIKE WOODWARD LIMITED (REGISTERED NUMBER: 09413924)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2017

1. STATUTORY INFORMATION

Mike Woodward Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
MIKE WOODWARD LIMITED (REGISTERED NUMBER: 09413924)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2017

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 February 2016
and 31 January 2017 1,000
DEPRECIATION
At 1 February 2016 250
Charge for year 187
At 31 January 2017 437
NET BOOK VALUE
At 31 January 2017 563
At 31 January 2016 750

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Other debtors 7,841 6,790

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Taxation and social security 11,701 10,954

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2016 - £32,200) were paid to the directors .

The company was under the control of Mr and Mrs M C Woodward who owned 100% (2016: 100%) of
the issued ordinary share capital.

The company made an interest free loan to the directors during the period. The balance at 31 January
2017 was £7841 (2016: £6790) which was the highest balance and the loan was repaid after the
period end.

Page 4