Mistco Limited - Period Ending 2017-06-30
Mistco Limited - Period Ending 2017-06-30
Registration number:
Mistco Limited
for the Year Ended 30 June 2017
2 Air Balloon Road
Bristol
BS5 8LA
Mistco Limited
Contents
|
Company Information |
|
|
Statement of Comprehensive Income |
|
|
Balance Sheet |
|
|
Statement of Changes in Equity |
|
|
Notes to the Financial Statements |
Mistco Limited
Company Information
|
Director |
Dr Marshall David Young |
|
Registered office |
|
|
Accountants |
|
|
Page 1 |
Mistco Limited
Statement of Comprehensive Income for the Year Ended 30 June 2017
|
Note |
2017 |
2016 |
|
|
(Loss)/profit for the year |
( |
|
|
|
Total comprehensive income for the year |
( |
|
|
Page 2 |
Mistco Limited
(Registration number: 02455636)
Balance Sheet as at 30 June 2017
|
Note |
2017 |
2016 |
|
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net liabilities |
( |
( |
|
|
Capital and reserves |
|||
|
Called up share capital |
|
|
|
|
Profit and loss account |
( |
( |
|
|
Total equity |
( |
( |
For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
|
• |
|
|
• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Dr Marshall David Young
Director
|
Page 3 |
Mistco Limited
Statement of Changes in Equity for the Year Ended 30 June 2017
|
Share capital |
Profit and loss account |
Total |
|
|
At 1 July 2016 |
|
( |
( |
|
Loss for the year |
- |
( |
( |
|
Total comprehensive income |
- |
( |
( |
|
At 30 June 2017 |
|
( |
( |
|
Share capital |
Profit and loss account |
Total |
|
|
At 1 July 2015 |
|
( |
( |
|
Profit for the year |
- |
|
|
|
Total comprehensive income |
- |
|
|
|
At 30 June 2016 |
|
( |
( |
|
Page 4 |
Mistco Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
|
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
|
Page 5 |
Mistco Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Debtors |
|
2017 |
2016 |
|
|
Other debtors |
|
|
|
Total current trade and other debtors |
|
|
|
Creditors |
|
Note |
2017 |
2016 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Other creditors |
|
|
|
|
|
|
|
Page 6 |