Management Company Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05032589 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Management Company Services Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Hockley

Mrs J Runcieman

SECRETARY:

Mr D Hockley

REGISTERED OFFICE:

Saxon House

6a St Andrew Street

Hertford

Hertfordshire

SG14 1JA

REGISTERED NUMBER:

05032589 (England and Wales)

ACCOUNTANTS:

DSCO

The Old Boardroom

Collett Road

Ware

Hertfordshire

SG12 7LR

FIXED ASSETS

Tangible assets

4

8,856

11,481

CURRENT ASSETS

Debtors

5

87,528

93,722

Cash at bank and in hand

124,124

84,460

211,652

178,182

CREDITORS

Amounts falling due within one year

6

140,487

125,715

NET CURRENT ASSETS

71,165

52,467

TOTAL ASSETS LESS CURRENT LIABILITIES

80,021

63,948

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

79,921

63,848

SHAREHOLDERS' FUNDS

80,021

63,948

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2019 and were signed on its behalf by:

Mrs J Runcieman - Director

1.	STATUTORY INFORMATION

Management Company Services 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 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.

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2018 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2018

12,000

29,352

41,352

Additions

-

5,083

5,083

At 31 March 2019

12,000

34,435

46,435

DEPRECIATION

At 1 April 2018

12,000

17,871

29,871

Charge for year

-

7,708

7,708

At 31 March 2019

12,000

25,579

37,579

NET BOOK VALUE

At 31 March 2019

-

8,856

8,856

At 31 March 2018

-

11,481

11,481

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

300

7,108

Other Debtors

45,437

45,293

Prepayments

41,791

41,321

87,528

93,722

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

36,646

25,038

Tax

32,931

25,170

Social security and other taxes

12,215

20,380

Pension Control

1,355

-

VAT

39,423

42,462

Other creditors

1,088

1,148

Directors' current accounts

13,429

8,117

Accrued expenses

3,400

3,400

140,487

125,715

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 April 2018

63,848

Profit for the year

136,073

Dividends

(120,000

)

At 31 March 2019

79,921

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £120,000 (2018 - £140,000) were paid to the directors .

Management Secretaries Limited

A company under common control.

As at 31st March 2019, Management Secretaries Limited owed the company £25,000 (2018:£25,000).

Calico Maintenance Limited

A company under common control.

As at 31st March 2019, Calico Maintenance Limited was owed the company £144 (2018:£144).

H & S Risk Services Limited

A company under common control.

As at 31st March 2019, H & S Risk Services Limited owed the company £13,000 (2018:£13,000).

Fused Electric Services Limited

A company under common control.

As at 31st March 2019, Fused Electric Services Limited was owed £77 (2018:£77).