Monan Wind Company Limited - Limited company accounts 17.3
Monan Wind Company Limited - Limited company accounts 17.3
| REGISTERED NUMBER: |
| REPORT OF THE DIRECTORS AND |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2017 |
| FOR |
| MONAN WIND COMPANY LIMITED |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Other Comprehensive Income | 4 |
| Balance Sheet | 5 |
| Statement of Changes in Equity | 6 |
| Notes to the Financial Statements | 7 |
| MONAN WIND COMPANY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Herschel House |
| 58 Herschel Street |
| Slough |
| Berkshire |
| SL1 1PG |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| REPORT OF THE DIRECTORS |
| for the Year Ended 30 June 2017 |
| The directors present their report with the financial statements of the company for the year ended 30 June 2017. |
| DIRECTORS |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
| companies. |
| ON BEHALF OF THE BOARD: |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| INCOME STATEMENT |
| for the Year Ended 30 June 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses | ( |
) |
| OPERATING PROFIT |
| Interest payable and similar expenses | 3 |
| LOSS BEFORE TAXATION | 4 | ( |
) | ( |
) |
| Tax on loss | 5 |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| OTHER COMPREHENSIVE INCOME |
| for the Year Ended 30 June 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ |
| LOSS FOR THE YEAR | ( |
) | ( |
) |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
) |
( |
) |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| BALANCE SHEET |
| 30 June 2017 |
| 30.6.17 | 30.6.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| 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. |
| The financial statements were approved by the Board of Directors on |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| STATEMENT OF CHANGES IN EQUITY |
| for the Year Ended 30 June 2017 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 July 2015 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 30 June 2016 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 30 June 2017 | ( |
) | ( |
) |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2017 |
| 1. | STATUTORY INFORMATION |
| Monan Wind Company Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparation |
| The company has taken advantage of the following disclosure exemptions in preparing these financial statements, |
| as permitted by FRS 101 "Reduced Disclosure Framework": |
| • | the requirements of paragraphs 45(b) and 46 to 52 of IFRS 2 Share-based Payment; |
| • | the requirements of paragraphs 62, B64(d), B64(e), B64(g), B64(h), B64(j) to B64(m), B64(n)(ii), B64(o)(ii), B64(p), B64(q)(ii), B66 and B67 of IFRS 3 Business Combinations; |
| • | the requirements of paragraph 33(c) of IFRS 5 Non Current Assets Held for Sale and Discontinued Operations; |
| • | the requirements of IFRS 7 Financial Instruments: Disclosures; |
| • | the requirements of paragraphs 91 to 99 of IFRS 13 Fair Value Measurement; |
| • | the requirement in paragraph 38 of IAS 1 Presentation of Financial Statements to present comparative information in respect of: |
| - | paragraph 79(a)(iv) of IAS 1; |
| - | paragraph 73(e) of IAS 16 Property, Plant and Equipment; |
| - | paragraph 118(e) of IAS 38 Intangible Assets; |
| - | paragraphs 76 and 79(d) of IAS 40 Investment Property; and |
| - | paragraph 50 of IAS 41 Agriculture; |
| • | the requirements of paragraphs 10(d), 10)(f), 16, 38A, 38B, 38C, 38D, 40A, 40B, 40C, 40D and 111 of IAS 1 Presentation of Financial Statements; |
| • | the requirements of paragraphs 134 to 136 of IAS 1 Presentation of Financial Statements; |
| • | the requirements of IAS 7 Statement of Cash Flows; |
| • | the requirements of paragraphs 30 and 31 of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors; |
| • | the requirements of paragraphs 17 and 18A of IAS 24 Related Party Disclosures; |
| • | the requirements in IAS 24 Related Party Disclosures to disclose related party transactions entered into between two or more members of a group; |
| • | the requirements of paragraphs 134(d) to 134(f) and 135(c) to 135(e) of IAS 36 Impairments of Assets. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Taxation |
| Current taxes are based on the results shown in the financial statements and are calculated according to local tax |
| rules, using tax rates enacted or substantially enacted by the balance sheet date. |
| 3. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Interest payable and similar charges |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 4. | LOSS BEFORE TAXATION |
| The loss before taxation is stated after charging: |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Cost of inventories recognised as expense |
| Depreciation - owned assets |
| 5. | TAXATION |
| Analysis of tax expense |
| No liability to UK corporation tax arose for the year ended 30 June 2017 nor for the year ended 30 June 2016. |
| 6. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 July 2016 |
| Additions |
| At 30 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for year |
| At 30 June 2017 |
| NET BOOK VALUE |
| At 30 June 2017 |
| At 30 June 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.6.17 | 30.6.16 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| Accrued expenses |
| MONAN WIND COMPANY LIMITED (REGISTERED NUMBER: SC453209) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2017 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
| value: | £ | £ |
| Ordinary share capital | £1 | 100 | 100 |