Machine Assist Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05590299 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2019

for

Machine Assist Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T M Armitage

SECRETARY:

Mrs N I Armitage

REGISTERED OFFICE:

Permanent House

1 Dundas Street

Huddersfield

HD1 2EX

REGISTERED NUMBER:

05590299 (England and Wales)

FIXED ASSETS

Tangible assets

4

73

97

CURRENT ASSETS

Debtors

5

13,001

9,479

Cash at bank

9,519

7,257

22,520

16,736

CREDITORS

Amounts falling due within one year

6

22,154

16,467

NET CURRENT ASSETS

366

269

TOTAL ASSETS LESS CURRENT LIABILITIES

439

366

PROVISIONS FOR LIABILITIES

-

19

NET ASSETS

439

347

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

339

247

SHAREHOLDERS' FUNDS

439

347

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the director on 28th November 2019 and were signed by:

T M Armitage - Director

1.	STATUTORY INFORMATION

Machine Assist 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on Reducing Balance

Computer equipment

-

33.3% Straight Line Basis

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12

'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company

becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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.

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 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2018

and 31st March 2019

7,040

DEPRECIATION

At 1st April 2018

6,943

Charge for year

24

At 31st March 2019

6,967

NET BOOK VALUE

At 31st March 2019

73

At 31st March 2018

97

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

13,001

8,705

Other debtors

-

774

13,001

9,479

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

8,087

3,178

Taxation and social security

11,956

11,465

Other creditors

2,111

1,824

22,154

16,467

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

75

Ordinary

£1

75

75

25

'A' Ordinary

£1

25

25

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2019 and

31st March 2018:

31.3.19

31.3.18

£

£

T M Armitage

Balance outstanding at start of year

774

4,543

Amounts advanced

-

45,030

Amounts repaid

(774

)

(48,799

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

774

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T M Armitage.