Mavada Limited - Accounts to registrar (filleted) - small 18.2
Mavada Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2018 |
| for |
| Mavada Limited |
| Mavada Limited (Registered number: 04329788) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2018 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Mavada Limited |
| Company Information |
| for the Year Ended 31 December 2018 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| 114-120 Northgate Street |
| Chester |
| CH1 2HT |
| Mavada Limited (Registered number: 04329788) |
| Statement of Financial Position |
| 31 December 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings |
| Shareholders' funds |
| Mavada Limited (Registered number: 04329788) |
| Statement of Financial Position - continued |
| 31 December 2018 |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the director on by: |
| Mavada Limited (Registered number: 04329788) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2018 |
| 1. | Statutory information |
| Mavada Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Revenue from the rendering of services is measured by reference to the stage of completion |
| of the service transaction at the end of the reporting period provided that the outcome can |
| be reliably estimated. When the outcome cannot be reliably estimated, revenue is |
| recognised only to the extent that expenses recognised are recoverable. |
| Tangible fixed assets |
| Fixtures, fittings & equipment | - |
| Computer equipment | - |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement |
| of Income and Retained Earnings, except to the extent that it relates to items recognised in |
| other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that |
| have been enacted or substantively enacted by the statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in |
| periods different from those in which they are recognised in financial statements. Deferred |
| tax is measured using tax rates and laws that have been enacted or substantively enacted |
| by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
| is probable that they will be recovered against the reversal of deferred tax liabilities or other |
| future taxable profits. |
| Mavada Limited (Registered number: 04329788) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 2. | Accounting policies - continued |
| Operating leases |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over |
| the period of the lease. |
| 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. |
| Fixed asset investments |
| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less |
| any accumulated impairment losses. Listed investments are measured at fair value with |
| changes in fair value being recognised in profit or loss. |
| Comparative figures |
| Development costs incurred in 2017 of £13,752 were allocated as subcontractors within Cost |
| of sales in last year's financial statements. This year the comparative figures have been |
| amended by transferring this amount from cost of sales into Administrative expenses in the |
| Statement of Income and Retained Earnings. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Tangible fixed assets |
| Fixtures, |
| fittings | Computer |
| & equipment | equipment | Totals |
| £ | £ | £ |
| Cost |
| At 1 January 2018 |
| Additions |
| At 31 December 2018 |
| Depreciation |
| At 1 January 2018 |
| Charge for year |
| At 31 December 2018 |
| Net book value |
| At 31 December 2018 |
| At 31 December 2017 |
| Mavada Limited (Registered number: 04329788) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 5. | Fixed asset investments |
| Other |
| investments |
| £ |
| Cost |
| At 1 January 2018 |
| and 31 December 2018 |
| Net book value |
| At 31 December 2018 |
| At 31 December 2017 |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| A | £1 | 80 | 80 |
| B | £1 | 20 | 20 |
| 100 | 100 |
| Mavada Limited (Registered number: 04329788) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2018 |
| 9. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the years ended |
| 31 December 2018 and 31 December 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| £35,000 was advanced on 28 January 2018. £35,000 was repaid on 6 April 2018. The |
| maximum overdrawn balance in the year was £36,382. Advances to the director are |
| interest-free, unsecured and repayable on demand. |