Mottram Associates Limited - Accounts to registrar (filleted) - small 18.2

MOTTRAM ASSOCIATES LIMITED

Unaudited Financial Statements

for the Year Ended 31st August 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Mottram

REGISTERED OFFICE:

78 Eastham Village Road

Eastham

Wirral

CH62 0AW

REGISTERED NUMBER:

04723939 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

322,112

327,104

322,112

327,104

CURRENT ASSETS

Debtors

6

238,019

253,097

Cash at bank

1,143,152

891,338

1,381,171

1,144,435

CREDITORS

Amounts falling due within one year

7

121,480

143,348

NET CURRENT ASSETS

1,259,691

1,001,087

TOTAL ASSETS LESS CURRENT LIABILITIES

1,581,803

1,328,191

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

8

1,581,802

1,328,190

SHAREHOLDERS' FUNDS

1,581,803

1,328,191

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 23rd April 2020 and were signed by:

A Mottram - Director

1.	STATUTORY INFORMATION

Mottram Associates 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 represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004 has now been fully

amortised.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 150 years

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on

notice of not more than 24 hours.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including loans, are

measured initially at fair value, net of transaction costs.

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 11 (2018 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st September 2018

and 31st August 2019

60,000

AMORTISATION

At 1st September 2018

and 31st August 2019

60,000

NET BOOK VALUE

At 31st August 2019

-

At 31st August 2018

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1st September 2018

299,031

2,832

137,128

31,145

470,136

Additions

5,248

-

25,000

-

30,248

Disposals

-

-

(23,098

)

-

(23,098

)

At 31st August 2019

304,279

2,832

139,030

31,145

477,286

DEPRECIATION

At 1st September 2018

29,112

1,960

87,599

24,361

143,032

Charge for year

5,981

174

16,806

4,971

27,932

Eliminated on disposal

-

-

(15,790

)

-

(15,790

)

At 31st August 2019

35,093

2,134

88,615

29,332

155,174

NET BOOK VALUE

At 31st August 2019

269,186

698

50,415

1,813

322,112

At 31st August 2018

269,919

872

49,529

6,784

327,104

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

127,472

185,753

Other debtors

110,547

67,344

238,019

253,097

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

127

124

Taxation and social security

119,623

141,546

Other creditors

1,730

1,678

121,480

143,348

8.

RESERVES

Retained

earnings

£

At 1st September 2018

1,328,190

Profit for the year

269,612

Dividends

(16,000

)

At 31st August 2019

1,581,802

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31st August 2018:

2019

2018

£

£

A Mottram

Balance outstanding at start of year

57,752

38,797

Amounts advanced

45,022

34,955

Amounts repaid

(16,000

)

(16,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

86,774

57,752

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £16,000 (2018 - £16,000) were paid to the director .