MDMentors Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06787875 (England and Wales)

UNAUDITED CESSATION FINANCIAL STATEMENTS

FOR THE PERIOD

1ST FEBRUARY 2018 TO 31ST JULY 2019

FOR

MDMENTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

R H Wilson

REGISTERED OFFICE:

Wessex House

Oxford Road

Newbury

Berkshire

RG14 1PA

REGISTERED NUMBER:

06787875 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

333

CURRENT ASSETS

Debtors

5

86

1,155

Cash at bank

7,052

2,591

7,138

3,746

CREDITORS

Amounts falling due within one year

6

6,465

7,690

NET CURRENT ASSETS/(LIABILITIES)

673

(3,944

)

TOTAL ASSETS LESS CURRENT LIABILITIES

673

(3,611

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

672

(3,612

)

673

(3,611

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st July 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st July 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 and authorised for issue on 30th April 2020 and were signed by:

R H Wilson - Director

1.	STATUTORY INFORMATION

MDMentors 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.

Going concern

The company is reliant on the support of its director and shareholder who has confirmed that this support will not be

withdrawn in the foreseeable future. On this basis, the director has adopted to prepare the accounts on the going

concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st February 2018

10,000

Disposals

(10,000

)

At 31st July 2019

-

AMORTISATION

At 1st February 2018

9,667

Charge for period

333

Eliminated on disposal

(10,000

)

At 31st July 2019

-

NET BOOK VALUE

At 31st July 2019

-

At 31st January 2018

333

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.1.18

£

£

Trade debtors

-

900

Other debtors

86

255

86

1,155

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.19

31.1.18

£

£

Taxation and social security

1,143

1,011

Other creditors

5,322

6,679

6,465

7,690