Mifest Ltd - Accounts to registrar (filleted) - small 17.3
Mifest Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2017 |
FOR |
MIFEST LTD |
MIFEST LTD (REGISTERED NUMBER: 07611054) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MIFEST LTD |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
25 Grosvenor Road |
Wrexham |
LL11 1BT |
BANKERS: |
5-7 Marina Drive |
Ellesmere Port |
CH65 0HL |
MIFEST LTD (REGISTERED NUMBER: 07611054) |
BALANCE SHEET |
30TH APRIL 2017 |
30.4.17 | 30.4.16 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
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. |
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 |
MIFEST LTD (REGISTERED NUMBER: 07611054) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2017 |
1. | STATUTORY INFORMATION |
Mifest Ltd is a |
number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover 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 |
Plant and machinery etc | - |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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. |
MIFEST LTD (REGISTERED NUMBER: 07611054) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2017 |
3. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st May 2016 |
and 30th April 2017 |
DEPRECIATION |
At 1st May 2016 |
and 30th April 2017 |
NET BOOK VALUE |
At 30th April 2017 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
Trade debtors |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.17 | 30.4.16 |
£ | £ |
VAT | 1,600 | - |
Directors' current accounts | 13,004 | 56,672 |
Accruals and deferred income |
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The company was under the control of the directors throughout the current year. |
Mrs F.C. McClements is a director and a non-controlling shareholder in McClements and McClements Ltd. |
Mrs F.C. McClements has a loan account with the company. At the year end, there was a balance of £13,004 (2016 - |
£56,672). This is shown as Creditor: Amounts falling due within one year. |
7. | FIRST YEAR ADOPTION |
This is the first year that the company has presented its results under FRS102 (Section 1A). The last financial |
statements prepared under UK GAAP were for the year ended 30 April 2016.The date of transition to FRS 102 |
(Section 1A) was the 1 May 2016. There were no adjustments on the transition to FRS 102 (Section 1A) for the year |
1 May 2016 to 30 April 2017. |