Mifest Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07611054 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH APRIL 2014

FOR

MIFEST LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

F C McClements

D M McClements

B Apollonio

H W McClements

SECRETARY:

REGISTERED OFFICE:

Dunham House

Chester Road

Dunham on the Hill

Frodsham

Cheshire

WA6 0NQ

REGISTERED NUMBER:

07611054 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Yorkshire Bank

5-7 Marina Drive

Ellesmere Port

CH65 0HL

FIXED ASSETS

Tangible assets

2

193

288

CURRENT ASSETS

Cash at bank and in hand

268

1,066

CREDITORS

Amounts falling due within one year

56,351

56,836

NET CURRENT LIABILITIES

(56,083

)

(55,770

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,890

)

(55,482

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Profit and loss account

(56,890

)

(56,482

)

SHAREHOLDERS' FUNDS

(55,890

)

(55,482

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29th January 2015 and were signed on its behalf by:

F C McClements - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared on a going concern basis on the assumption that the support of the

director will be continued. If this support is withdrawn, adjustments would have to be made to reduce the value

of assets to their recoverable amounts, to provide for any further liabilities that might arise and to reclassify fixed

assets and long term liabilities as current assets and current liabilities.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st May 2013

and 30th April 2014

383

DEPRECIATION

At 1st May 2013

95

Charge for year

95

At 30th April 2014

190

NET BOOK VALUE

At 30th April 2014

193

At 30th April 2013

288

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES