Michael Russell (Publishing) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 01296069 (England and Wales)

Financial Statements

for the Year Ended 31 March 2017

for

MICHAEL RUSSELL (PUBLISHING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Russell

SECRETARY:

Ms L Russell

REGISTERED OFFICE:

Wilby Hall

Wilby

Norwich

Norfolk

NR16 2JP

REGISTERED NUMBER:

01296069 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Chartered Accountants

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

CURRENT ASSETS

Stocks

500

1,290

Debtors

4

271

927

Cash at bank

617

2,892

1,388

5,109

CREDITORS

Amounts falling due within one year

5

(7,796

)

(8,985

)

NET CURRENT LIABILITIES

(6,408

)

(3,876

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,408

)

(3,876

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

7

(6,508

)

(3,976

)

SHAREHOLDERS' FUNDS

(6,408

)

(3,876

)

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

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

The director acknowledges his 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 director on 27 December 2017 and were signed by:

M Russell - Director

1.	STATUTORY INFORMATION

Michael Russell (Publishing) 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

Turnover represents gross invoiced sales of goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Deferred tax

Deferred tax is not recognised in respect of all material timing differences that have originated but not reversed at the

balance sheet date as this is considered to be immaterial.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2016

and 31 March 2017

6,069

DEPRECIATION

At 1 April 2016

and 31 March 2017

6,069

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

271

660

VAT

-

267

271

927

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

194

187

Tax

3

3

VAT

307

-

Directors' current accounts

6,482

8,395

Accrued expenses

810

400

7,796

8,985

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

100

Ordinary

£ 1

100

100

7.

RESERVES

Retained

earnings

£

At 1 April 2016

(3,976

)

Deficit for the year

(2,532

)

At 31 March 2017

(6,508

)

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr Michael Russell.