MBMS Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07733766 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JULY 2018

FOR

MBMS SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Brzezinski

Mrs M Brzezinska

REGISTERED OFFICE:

16 Weavercroft

Didcot

Oxfordshire

Oxfordshire

OX11 7RR

REGISTERED NUMBER:

07733766 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

4

994

399

CURRENT ASSETS

Debtors

5

2,014

-

Cash at bank

25,054

29,882

27,068

29,882

CREDITORS

Amounts falling due within one year

6

19,036

24,274

NET CURRENT ASSETS

8,032

5,608

TOTAL ASSETS LESS CURRENT LIABILITIES

9,026

6,007

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

9,024

6,005

SHAREHOLDERS' FUNDS

9,026

6,007

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 21 March 2019 and were signed on its behalf by:

Mr M Brzezinski - Director

1.	STATUTORY INFORMATION

MBMS Systems Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2017

799

Additions

1,191

At 31 July 2018

1,990

DEPRECIATION

At 1 August 2017

200

Charge for year

796

At 31 July 2018

996

NET BOOK VALUE

At 31 July 2018

994

At 31 July 2017

599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

1,391

-

Directors' current accounts

623

-

2,014

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Corporation Tax

13,675

16,224

PAYE/NI

-

419

VAT

5,361

6,019

Directors' current accounts

-

1,612

19,036

24,274

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and 31 July 2017:

2018

2017

£

£

Mr M Brzezinski

Balance outstanding at start of year

(1,612

)

4,704

Amounts advanced

2,235

(6,316

)

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

623

(1,612

)

9.	ULTIMATE CONTROLLING PARTY

The Company has no Ultimate Controlling Party.