Mistral Technologies Limited - Period Ending 2014-04-05

Registration number: 03287745

Mistral Technologies Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2014
 

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Mistral Technologies Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Mistral Technologies Limited
for the Year Ended 5 April 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mistral Technologies Limited for the year ended 5 April 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Mistral Technologies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mistral Technologies Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mistral Technologies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mistral Technologies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mistral Technologies Limited. You consider that Mistral Technologies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mistral Technologies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

10 December 2014

Page 1

Mistral Technologies Limited
(Registration number: 03287745)
Abbreviated Balance Sheet at 5 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets		2			374			670
Current assets
Debtors					8,925			6,637
Cash at bank and in hand					36,655			57,081
					45,580			63,718
Creditors: Amounts falling due within one year					(21,408)			(25,452)
Net current assets					24,172			38,266
Total assets less current liabilities					24,546			38,936
Provisions for liabilities					(75)			(134)
Net assets					24,471			38,802
Capital and reserves
Called up share capital		3			995			995
Profit and loss account					23,476			37,807
Shareholders' funds					24,471			38,802

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Mistral Technologies Limited
(Registration number: 03287745)
Abbreviated Balance Sheet at 5 April 2014
......... continued

For the year ending 5 April 2014 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved and authorised for issue by the Board on 10 December 2014 and signed on its behalf by:

.........................................
Mr R J Wilson
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Mistral Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the provision of services to customers. Calculated using the flat rate scheme from 1 September 2013.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.33% straight line basis
Fixtures and fittings	25% reducing balance basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 4

Mistral Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2013		4,090			4,090
At 5 April 2014		4,090			4,090
Depreciation
At 6 April 2013		3,420			3,420
Charge for the year		296			296
At 5 April 2014		3,716			3,716
Net book value
At 5 April 2014		374			374
At 5 April 2013		670			670

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		995			995			995			995

Page 5