Registered Number 08167386

MIG IT LTD

Abbreviated Accounts

31 October 2016

MIG IT LTD Registered Number 08167386

Abbreviated Balance Sheet as at 31 October 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 356 -
356 -
Current assets
Debtors 12,445 22,221
Cash at bank and in hand 125,449 106,519
137,894 128,740
Creditors: amounts falling due within one year (19,175) (24,636)
Net current assets (liabilities) 118,719 104,104
Total assets less current liabilities 119,075 104,104
Total net assets (liabilities) 119,075 104,104
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 119,074 104,103
Shareholders' funds 119,075 104,104
  • For the year ending 31 October 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 November 2016

And signed on their behalf by:
Mr M Vieira, Director

MIG IT LTD Registered Number 08167386

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

1Accounting 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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods 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:

Fixture, fittings and equipment - 25% straight line

2 Tangible fixed assets
£
Cost
At 1 November 2015 -
Additions 475
Disposals -
Revaluations -
Transfers -
At 31 October 2016 475
Depreciation
At 1 November 2015 -
Charge for the year 119
On disposals -
At 31 October 2016 119
Net book values
At 31 October 2016 356
At 31 October 2015 -
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1

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