6M Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10069255 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

6M MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Roger Derek Murphy

SECRETARY:

Roger Derek Murphy

REGISTERED OFFICE:

6 Shrewsbury Avenue

East Sheen

London

SW14 8JZ

REGISTERED NUMBER:

10069255 (England and Wales)

ACCOUNTANTS:

Leggate Associates Limited

Chartered Accountants

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

FIXED ASSETS

Tangible assets

4

527

870

CURRENT ASSETS

Debtors

5

2,400

472

Cash at bank

6,550

3,417

8,950

3,889

CREDITORS

Amounts falling due within one year

6

6,061

4,469

NET CURRENT ASSETS/(LIABILITIES)

2,889

(580

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,416

290

PROVISIONS FOR LIABILITIES

100

165

NET ASSETS

3,316

125

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

3,216

25

SHAREHOLDERS' FUNDS

3,316

125

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2020 and were signed by:

Roger Derek Murphy - Director

1.	STATUTORY INFORMATION

6M Management 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.

These accounts have been prepared on a going concern basis as the director considers that there are sufficient

external funds available to the company to carry on trading. The director anticipates that the company will

report a profit in future years.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2019

1,667

2,645

4,312

Disposals

-

(2,146

)

(2,146

)

At 31 March 2020

1,667

499

2,166

DEPRECIATION

At 1 April 2019

964

2,478

3,442

Charge for year

176

166

342

Eliminated on disposal

-

(2,145

)

(2,145

)

At 31 March 2020

1,140

499

1,639

NET BOOK VALUE

At 31 March 2020

527

-

527

At 31 March 2019

703

167

870

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

2,400

-

Other debtors

-

472

2,400

472

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

174

342

Taxation and social security

4,578

544

Other creditors

1,309

3,583

6,061

4,469

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.20

31.3.19

value:

£

£

100

Ordinary

£1

100

100