Moisture Control & Measurement Limited - Period Ending 2019-04-30

Registration number: 00939792

Moisture Control & Measurement Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2019

Moisture Control & Measurement Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 5

Moisture Control & Measurement Limited

(Registration number: 00939792)
Balance Sheet as at 30 April 2019

	Note	2019 £	2018 £
Fixed assets
Tangible assets	4	117,432	126,615
Current assets
Stocks	5	38,572	35,065
Debtors	6	334,265	394,018
Cash at bank and in hand		663,334	1,502,005
		1,036,171	1,931,088
Creditors: Amounts falling due within one year	7	(720,766)	(674,090)
Net current assets		315,405	1,256,998
Total assets less current liabilities		432,837	1,383,613
Provisions for liabilities		(1,615)	(2,369)
Net assets		431,222	1,381,244
Capital and reserves
Called up share capital		201	201
Share premium reserve		199	199
Profit and loss account		430,822	1,380,844
Total equity		431,222	1,381,244

For the financial year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 1

Moisture Control & Measurement Limited

(Registration number: 00939792)
Balance Sheet as at 30 April 2019

Approved and authorised by the Board on 27 January 2020 and signed on its behalf by:
 

.........................................

Betty Wallis

Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

Moisture Control & Measurement Limited

Notes to the Financial Statements for the Year Ended 30 April 2019

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rudgate
Thorp Arch Trading Estate
Wetherby
West Yorkshire
LS23 7BJ

These financial statements were authorised for issue by the Board on 27 January 2020.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	2% per annum, straight line
Plant and machinery	10% per annum, reducing balance
Fixtures and fittings	10% per annum, reducing balance
Motor vehicles	20% per annum, reducing balance

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company during the year, was 10 (2018 - 8).

Page 3

Moisture Control & Measurement Limited

Notes to the Financial Statements for the Year Ended 30 April 2019

4	Tangible assets

	Freehold land and buildings £	Plant and machinery, Fixtures and fittings £	Motor vehicles £	Total £
Cost or valuation
At 1 May 2018	140,455	239,277	77,499	457,231
Disposals	-	-	(18,499)	(18,499)
At 30 April 2019	140,455	239,277	59,000	438,732
Depreciation
At 1 May 2018	47,753	219,300	63,563	330,616
Charge for the year	2,809	1,997	2,390	7,196
Eliminated on disposal	-	-	(16,512)	(16,512)
At 30 April 2019	50,562	221,297	49,441	321,300
Carrying amount
At 30 April 2019	89,893	17,980	9,559	117,432
At 30 April 2018	92,702	19,977	13,936	126,615

5

Stocks

	2019 £	2018 £
Raw materials and consumables	35,272	32,065
Work in progress	3,300	3,000
	38,572	35,065

6

Debtors

	2019 £	2018 £
Trade debtors	260,580	323,689
Other debtors	73,685	70,329
Total current trade and other debtors	334,265	394,018

Page 4

Moisture Control & Measurement Limited

Notes to the Financial Statements for the Year Ended 30 April 2019

7

Creditors

Creditors: amounts falling due within one year

	2019 £	2018 £
Due within one year
Trade creditors	623,820	575,014
Taxation and social security	6,824	7,615
Other creditors	90,122	91,461
	720,766	674,090

Page 5