Manchester Safety Services Limited - Accounts to registrar (filleted) - small 18.2
Manchester Safety Services Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2019 |
| for |
| Manchester Safety Services Limited |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Contents of the Financial Statements |
| for the year ended 31 December 2019 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Manchester Safety Services Limited |
| Company Information |
| for the year ended 31 December 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 22-28 Willow Street |
| Accrington |
| Lancashire |
| BB5 1LP |
| BANKERS: |
| 36 The Rock |
| Bury |
| Lancashire |
| BL9 0NU |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Abridged Balance Sheet |
| 31 December 2019 |
| 31/12/19 | 31/12/18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Abridged Balance Sheet - continued |
| 31 December 2019 |
| 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 on |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Notes to the Financial Statements |
| for the year ended 31 December 2019 |
| 1. | STATUTORY INFORMATION |
| Manchester Safety Services Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| The company operates a trade shop, website and catalogue for the sale of road safety equipment and certain related |
| products. Sales of goods are recognised on sale to the customer, which is considered the point of delivery. Retail sales are |
| usually by cash, credit or payment card. Sales are made to retail customers with a right to return within 28 days, subject to |
| certain conditions regarding the usage. Accumulated experience is used to estimate and provide for such returns at the time |
| of sale. The company does not operate any loyalty programmes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost at cost on a first in, first out basis after making due provision for obsolete and slow |
| moving items. |
| Financial instruments |
| Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, |
| are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction |
| is measured at the present value of the future receipts discounted at a market rate of interest. |
| Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and |
| preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes |
| a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a |
| market rate of interest. |
| 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. |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 January 2019 |
| Additions |
| At 31 December 2019 |
| DEPRECIATION |
| At 1 January 2019 |
| Charge for year |
| At 31 December 2019 |
| NET BOOK VALUE |
| At 31 December 2019 |
| At 31 December 2018 |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 January 2019 | 198,687 |
| Transfer to ownership | (16,200 | ) |
| At 31 December 2019 | 182,487 |
| DEPRECIATION |
| At 1 January 2019 | 61,194 |
| Charge for year | 23,635 |
| Transfer to ownership | (9,366 | ) |
| At 31 December 2019 | 75,463 |
| NET BOOK VALUE |
| At 31 December 2019 | 107,024 |
| At 31 December 2018 | 137,493 |
| 5. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31/12/19 | 31/12/18 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating |
| leases |
| 31/12/19 | 31/12/18 |
| £ | £ |
| Within one year |
| Between one and five years |
| Manchester Safety Services Limited (Registered number: 01438951) |
| Notes to the Financial Statements - continued |
| for the year ended 31 December 2019 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/12/19 | 31/12/18 |
| £ | £ |
| Bank overdrafts |
| Hire purchase contracts | 103,374 | 136,496 |
| Invoice discounting | 227,958 | 180,427 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/12/19 | 31/12/18 |
| value: | £ | £ |
| Ordinary | £1 | 100,000 | 100,000 |
| Ordinary A | £1 | 100 | 100 |
| Ordinary B | £1 | 100 | 100 |
| Ordinary C | £1 | 100 | 100 |
| Ordinary D | £1 | 100 | 100 |
| 100,400 | 100,400 |
| A,B,C and D shares carry no voting rights and are entitled to dividends upon the recommendation of the directors. Such |
| dividends may be paid either in respect of one class of shares to the exclusion of the other classes, or in respect of all |
| classes of shares. In the event of winding up the holders of A,B,C and D shares are entitled to only the sum of the capital |
| paid up on such shares. |
| 8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 December 2019 and |
| 31 December 2018: |
| 31/12/19 | 31/12/18 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |