| |
|
2018 |
|
2017 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
0 |
|
|
598 |
| Current assets |
|
45,531 |
|
|
85,552 |
|
| Creditors: amount falling due within one year |
|
(44,818) |
|
|
(62,667) |
|
|
Net current assets
|
|
|
713
|
|
|
22,885
|
|
Total assets less current liabilities
|
|
|
713 |
|
|
23,483 |
|
Net assets
|
|
|
713 |
|
|
23,483 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
713 |
|
|
23,483 |
| |
NOTES TO THE ACCOUNTS
General Information
M70 ACH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08477370,registration address 47 HIGH STREET,BARNET HERTS,,EN5 5UW.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared in accordance with the FRS 105 Financial Reporting Standard for Micro Entities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Computer Equipment |
33.33% Straight Line
|
| Fixtures, Fiitings & Equipment |
25% Straight Line
|
|
| 2. |
Tangible fixed assets
| Cost or Valuation |
Fixtures, Fiitings & Equipment |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 May 2017 |
3,137 |
|
8,851 |
|
11,988 |
| Additions |
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
| At 30 April 2018 |
3,137 |
|
8,851 |
|
11,988 |
| Depreciation |
| At 01 May 2017 |
2,539 |
|
8,851 |
|
11,390 |
| Charge for year |
598 |
|
- |
|
598 |
| On disposals |
- |
|
- |
|
- |
| At 30 April 2018 |
3,137 |
|
8,851 |
|
11,988 |
| Net book values |
| Closing balance as at 30 April 2018 |
- |
|
- |
|
- |
| Opening balance as at 01 May 2017 |
598 |
|
- |
|
598 |
|
For the year ended 30 April 2018 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
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
These accounts have been prepared in accordance with the micro-entity provisions of the companies act 2006 and FRS 105, The financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
Signed on behalf of the board of director --------------------------------
M ACHILLEA
Director |
Date approved by the board: 30 January 20191
|
