MMUNIC Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06151369 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2020

FOR

MMUNIC Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Elder & Oakley Limited

Mrs Natalie Timmins

SECRETARY:

Mrs Gemma Dawn Stevens

REGISTERED OFFICE:

Regus House

Herons Way

Chester Business Park

Chester

Cheshire

CH4 9QR

REGISTERED NUMBER:

06151369 (England and Wales)

ACCOUNTANTS:

RMD Accountancy Solutions Ltd

58 Pen Y Bryn

Wrexham

LL13 7HY

BANKERS:

Barclays Bank PLC

30, St. Werburgh Street

Chester

Cheshire

CH1 2DY

FIXED ASSETS

Tangible assets

4

3,237

1,898

CURRENT ASSETS

Debtors

5

37,840

32,978

Cash at bank and in hand

23,347

25,816

61,187

58,794

CREDITORS

Amounts falling due within one year

6

16,199

19,851

NET CURRENT ASSETS

44,988

38,943

TOTAL ASSETS LESS CURRENT LIABILITIES

48,225

40,841

CREDITORS

Amounts falling due after more than one year

7

93,143

81,718

NET LIABILITIES

(44,918

)

(40,877

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(45,918

)

(41,877

)

SHAREHOLDERS' FUNDS

(44,918

)

(40,877

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 15 July 2020 and were signed on its behalf by:

Elder & Oakley Limited - Director

1.	STATUTORY INFORMATION

MMUNIC 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.

Plant and machinery etc

-

20% on reducing balance

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 2 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

10,556

Additions

2,149

At 31 March 2020

12,705

DEPRECIATION

At 1 April 2019

8,658

Charge for year

810

At 31 March 2020

9,468

NET BOOK VALUE

At 31 March 2020

3,237

At 31 March 2019

1,898

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade debtors

23,546

19,973

Other debtors

14,294

13,005

37,840

32,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/20

31/3/19

£

£

Trade creditors

11,045

16,649

Taxation and social security

4,071

2,186

Other creditors

1,083

1,016

16,199

19,851

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/20

31/3/19

£

£

Other creditors

93,143

81,718

8.	ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party is Elder & Oakley Limited by virtue of its 79.9% share holding in the Company.