Mowtec Limited Filleted accounts for Companies House (small and micro)
Mowtec Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05797607
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
– |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholder funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Directors' responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
21 October 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
05797607
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Accounting Policies |
Year ended 31 March 2019
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Leasehold Property Improvements |
- |
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Plant & Machinery |
- |
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Fixtures & Fittings |
- |
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Equipment |
- |
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Impairment of fixed assets
Stocks
Finance leases and hire purchase contracts
Provisions
Financial instruments
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Notes to the Financial Statements |
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the principal place of business is Units 27 29 Sketchley Meadows Industrial Estate, Sketchley Meadows, Hinckley, LE10 3ES.
2.
Statement of compliance
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
12
(2018:
12
).
4.
Dividends
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year):
2019 |
2018 |
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£ |
£ |
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Equity dividends on ordinary B shares |
31,500
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41,000
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5.
Tangible assets
Land and buildings |
Plant and machinery |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 |
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Charge for the year |
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– |
– |
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-------- |
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---- |
-------- |
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At 31 March 2019 |
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---- |
-------- |
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Carrying amount |
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At 31 March 2019 |
– |
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– |
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-------- |
------- |
---- |
-------- |
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At 31 March 2018 |
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– |
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Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:
Plant and machinery |
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£ |
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At 31 March 2019 |
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At 31 March 2018 |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Other creditors |
– |
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------- |
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9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2019 |
2018 |
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£ |
£ |
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Not later than 1 year |
– |
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10.
Related party transactions
The company is a wholly owned subsidiary of Clinipol Holdings Ltd, a company incorporated in England. During the year the company purchased goods and services to the value of £523 (2018: £1,269) from Clinical Polymer Technologies Limited, a sister company. At the year end the company owed the sister company £nil (2018: £nil). Aside from the trade, monies have been transferred between the two companies during the year and an amount of £88,238(2018: £90,592) was due to the sister company at 31 March 2019. No further transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standards.
11.
Controlling party
The parent company of
Mowtec Limited
is Clinipol Holdings Ltd
, a company incorporated in England.