Protective Masks Direct Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07981198 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2019

for

Protective Masks Direct Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M Lambert

REGISTERED OFFICE:

Oxford House

15-17 Mount Ephraim

Tunbridge Wells

Kent

TN1 1EN

REGISTERED NUMBER:

07981198 (England and Wales)

ACCOUNTANTS:

Ward Mackenzie Ltd

Oxford House

15-17 Mount Ephraim Road

Tunbridge Wells

Kent

TN1 1EN

FIXED ASSETS

Tangible assets

4

1,195

886

CURRENT ASSETS

Stocks

5

60,000

60,000

Debtors

6

293,461

290,718

353,461

350,718

CREDITORS

Amounts falling due within one year

7

(157,284

)

(190,404

)

NET CURRENT ASSETS

196,177

160,314

TOTAL ASSETS LESS CURRENT LIABILITIES

197,372

161,200

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

197,272

161,100

SHAREHOLDERS' FUNDS

197,372

161,200

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 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 11 November 2019 and were signed by:

M Lambert - Director

1.	STATUTORY INFORMATION

Protective Masks Direct 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.

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

balance sheet date as these are considered immaterial.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

4,829

Additions

1,037

At 31 March 2019

5,866

DEPRECIATION

At 1 April 2018

3,943

Charge for year

728

At 31 March 2019

4,671

NET BOOK VALUE

At 31 March 2019

1,195

At 31 March 2018

886

5.

STOCKS

2019

2018

£

£

Stocks

60,000

60,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

THL Marketing

293,461

290,718

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

14,996

64,477

Tax

8,984

3,298

VAT

4,732

5,001

Directors' current accounts

125,404

114,550

Accrued expenses

3,168

3,078

157,284

190,404

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

1

100

100

9.

RESERVES

Retained

earnings

£

At 1 April 2018

161,100

Profit for the year

38,172

Dividends

(2,000

)

At 31 March 2019

197,272

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 were paid to the director .

At 31 March 2019 the company was owed £293,461 (2018: £290,718) from THL Marketing, a firm also under the

control of director Mr M Lambert.

Also, during the year, wages of £18,095 (2018 : £13,534) were paid to H Lambert and £15,546 (2017 : £1,192) to T

Lambert, family members of director Mr M Lambert.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director Mr M Lambert.