Merchandising Systems Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07435831 (England and Wales)

MERCHANDISING SYSTEMS SOLUTIONS LTD

Unaudited Financial Statements

for the Year Ended 31 March 2019

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mr D S Littlejohn

Mrs L C Littlejohn

Secretary:

Mrs L C Littlejohn

Registered office:

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

Registered number:

07435831 (England and Wales)

Accountants:

Cobley Desborough

Chartered Certified Accountants

Chartered Tax Advisers

Artisans' House

7 Queensbridge

Northampton

Northamptonshire

NN4 7BF

FIXED ASSETS

Tangible assets

4

35,875

33,778

Investment property

5

215,166

215,166

251,041

248,944

CURRENT ASSETS

Stocks

465

17,340

Debtors

6

109,814

53,917

Cash at bank

84,297

97,796

194,576

169,053

CREDITORS

Amounts falling due within one year

7

61,743

33,905

NET CURRENT ASSETS

132,833

135,148

TOTAL ASSETS LESS CURRENT LIABILITIES

383,874

384,092

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

383,774

383,992

SHAREHOLDERS' FUNDS

383,874

384,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 Board of Directors on 8 October 2019 and were signed on its behalf by:

Mr D S Littlejohn - Director

1.	STATUTORY INFORMATION

Merchandising Systems Solutions Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and

handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments

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.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are

recorded at transaction price. Any losses arising from impairment are recognised in the profit and

loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2018

56,546

Additions

15,713

Disposals

(10,642

)

At 31 March 2019

61,617

Depreciation

At 1 April 2018

22,768

Charge for year

11,959

Eliminated on disposal

(8,985

)

At 31 March 2019

25,742

Net book value

At 31 March 2019

35,875

At 31 March 2018

33,778

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2018

and 31 March 2019

215,166

Net book value

At 31 March 2019

215,166

At 31 March 2018

215,166

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

109,014

8,809

Other debtors

800

45,108

109,814

53,917

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

45,096

24,111

Taxation and social security

14,031

5,080

Other creditors

2,616

4,714

61,743

33,905