Meetstart Ltd - Accounts

Meetstart Ltd - Accounts

MEETSTART LIMITED - Company Information

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Registered Number: 02517881
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 30 September 2019

for

MEETSTART LTD

Meetstart Ltd
Contents Page
For the year ended 30 September 2019
Directors John Canham
Barbara Canham
Matthew Canham
Registered Number 02517881
Registered Office 21 The Vision Centre
5 Eastern Way
Bury St Edmunds
IP32 7AB
Accountants Quove Accounting Ltd
The Vision Centre
5 Eastern Way
Bury St Edmunds
IP32 7AB
1
The directors present their annual report and the financial statements for the year ended 30 September 2019
Principal activities
The principal activity of the company during the financial year was the repair and maintenance of motor vehicles.
Directors
The directors who served the company throughout the year were as follows:
John Canham
Barbara Canham
Matthew Canham

Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :</p><ul><li>select suitable accounting policies and then apply them consistently</li><li>make judgements and accounting estimates that are reasonable and prudent</li><li>state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and</li><li>prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.</li></ul><p>The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.</p><p>The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions</p>

This report was approved by the board and signed on its behalf


----------------------------------
John Canham
Director

Date approved: 09 November 2019
2
 
 		 Notes
 		 2019
£		   2018
£
Fixed assets      
Tangible fixed assets 2 400,871    400,846 
Investments 3 100    100 
400,971    400,946 
Current assets      
Stocks 4 3,500    3,500 
Debtors 5 84,116    84,364 
Cash at bank and in hand 71,752    85,313 
159,368    173,177 
Creditors: amount falling due within one year 6 (66,883)   (57,145)
Net current assets 92,485    116,032 
 
Total assets less current liabilities 493,456    516,978 
Creditors: amount falling due after more than one year 7 (85,282)   (91,484)
Net assets 408,174    425,494 
 

Capital and reserves 		     
Called up share capital 287    287 
Profit and loss account 407,887    425,207 
Shareholders funds 408,174    425,494 
 


For the year ended 30 September 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 09 November 2019 and were signed on its behalf by:


--------------------------------
John Canham
Director
3
General Information
Meetstart Ltd is a private company, limited by shares , registered in England and Wales , registration number 02517881 , registration address 21 The Vision Centre, 5 Eastern Way, Bury St Edmunds, IP32 7AB.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery - 25% on net book value
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Tangible fixed assets

Cost Land and Buildings   Plant and Machinery   Total
  £   £   £
At 01 October 2018 364,784    293,300    658,084 
Additions -    10,177    10,177 
Disposals -    -    - 
At 30 September 2019 364,784    303,477    668,261 
Depreciation
At 01 October 2018 -    257,238    257,238 
Charge for year -    10,152    10,152 
On disposals -    -    - 
At 30 September 2019 -    267,390    267,390 
Net book values
Closing balance as at 30 September 2019 364,784    36,087    400,871 
Opening balance as at 01 October 2018 364,784    36,062    400,846 


3.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 October 2018 100    100 
Additions -    - 
Disposals -    - 
At 30 September 2019 100    100 

4.

Stocks

2019
£		   2018
£
Stocks 3,500    3,500 
3,500    3,500 

5.

Debtors: amounts falling due within one year

2019
£		   2018
£
Trade Debtors 84,116    84,364 
84,116    84,364 

6.

Creditors: amount falling due within one year

2019
£		   2018
£
Trade Creditors 29,590    23,250 
Bank Loans & Overdrafts (Secured) 5,448    6,125 
Amounts Owed to Group Undertakings 100    100 
PAYE & Social Security 26,192    25,508 
Accrued Expenses 828    - 
Directors' Current Accounts 4,725    2,162 
66,883    57,145 

7.

Creditors: amount falling due after more than one year

2019
£		   2018
£
Bank Loans & Overdrafts (secured) 85,282    91,484 
85,282    91,484 

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