Registered Number 06091338

MK MILLENNIUM LIMITED

Abbreviated Accounts

31 March 2016

MK MILLENNIUM LIMITED Registered Number 06091338

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 118,971 113,051
118,971 113,051
Current assets
Debtors 25,122 47,541
Cash at bank and in hand 31,198 11,415
56,320 58,956
Creditors: amounts falling due within one year (38,644 ) (49,699 )
Net current assets (liabilities) 17,676 9,257
Total assets less current liabilities 136,647 122,308
Creditors: amounts falling due after more than one year (61,844 ) (58,817 )
Total net assets (liabilities) 74,803 63,491
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 73,803 62,491
Shareholders' funds 74,803 63,491

  • For the year ending 31 March 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 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.

Approved by the Board on 30 December 2016

And signed on their behalf by:
Mr M T Kruth, Director
Mr J B Kruth, Director

MK MILLENNIUM LIMITED Registered Number 06091338

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1 Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - 2% straight line
Plant and machinery - 15% reducing balance
Fixtures, fittings and equipment - 1/3 straight line
Motor vehicles - 25% reducing balance

2 Tangible fixed assets
£
Cost
At 1 April 2015 140,034
Additions 12,990
Disposals -
Revaluations -
Transfers -
At 31 March 2016 153,024
Depreciation
At 1 April 2015 26,983
Charge for the year 7,070
On disposals -
At 31 March 2016 34,053
Net book values
At 31 March 2016 118,971
At 31 March 2015 113,051
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1,000 Ordinary shares of £1 each 1,000 1,000

4 Transactions with directors

Name of director receiving advance or credit: Mr M T Kruth
Description of the transaction: Various
Balance at 1 April 2015: £ 34,359
Advances or credits made: £ 179,555
Advances or credits repaid: £ 203,914
Balance at 31 March 2016: £ 10,000

Name of director receiving advance or credit: Mr J B Kruth
Description of the transaction: Various
Balance at 1 April 2015: -
Advances or credits made: £ 10,000
Advances or credits repaid: -
Balance at 31 March 2016: £ 10,000