Malvico Limited - Period Ending 2016-06-30

Malvico Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016

Malvico Limited
Contents

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

Malvico Limited
(Registration number: 08112791)
Abbreviated Balance Sheet at 30 June 2016

	Note	2016 £	2015 £
Fixed assets
Tangible fixed assets	2	787	-
Current assets
Debtors		14,864	8,528
Cash at bank and in hand		155,353	175,292
		170,217	183,820
Creditors: Amounts falling due within one year		(27,998)	(25,633)
Net current assets		142,219	158,187
Net assets		143,006	158,187
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		142,906	158,087
Shareholders' funds		143,006	158,187

For the year ending 30 June 2016 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 director acknowledges her 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 .

Approved by the director on 22 March 2017

.........................................
Malwina Filipczak
Director

The notes on page 2 form an integral part of these financial statements.
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Malvico Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... 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 January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

	Tangible assets £	Total £
Cost
Additions	1,050	1,050
At 30 June 2016	1,050	1,050
Depreciation
Charge for the year	263	263
At 30 June 2016	263	263
Net book value
At 30 June 2016	787	787

3	Share capital

Allotted, called up and fully paid shares

	2016			2015
		No.	£		No.	£
Ordinary shares of £1 each		100	100		100	100

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