Micro-entity Accounts - MILON LIFE LIMITED

MILON LIFE LIMITED - Company Information

09515345 MILON LIFE LIMITED 2017-03-31 false 2016-04-01 2017-03-31 true 09515345 2016-04-01 2017-03-31 09515345 2017-03-31 09515345 2016-03-31 09515345 uk-gaap-cd-bus:Director1 2016-04-01 2017-03-31 09515345 uk-gaap-cd-bus:Director2 2016-04-01 2017-03-31 09515345 uk-gaap-cd-bus:AllEntityOfficers 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-04-01 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP shares

Registered Number 09515345

MILON LIFE LIMITED

Micro-entity Accounts

31 March 2017

MILON LIFE LIMITED Registered Number 09515345

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Fixed Assets		3,116	4,154
Current assets
Debtors		2,359	12,316
Cash at bank and in hand		5,443	6,930
		7,802	19,246
Creditors: amounts falling due within one year		(26,865)	(22,430)
Net current assets (liabilities)		(19,063)	(3,184)
Total assets less current liabilities		(15,947)	970
Total net assets (liabilities)		(15,947)	970
Capital and reserves
Called up share capital	1	110	108
Share premium account		104,959	84,961
Profit and loss account		(121,016)	(84,099)
Shareholders' funds		(15,947)	970

For the year ending 31 March 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2017

And signed on their behalf by:
Stuart Russell Davis, Director
Aaron Thomas Simpson, Director

MILON LIFE LIMITED Registered Number 09515345

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
11,000 Ordinary shares of £0.01 each (10,800 shares for 2016)	110	108

2Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% Straight Line Method