Montrose Engineering Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09545761 (England and Wales)

Montrose Engineering Limited

Unaudited Financial Statements

for the Year Ended 30 April 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms F C Bastow

Dr M D Giess

REGISTERED OFFICE:

Delta 606

Welton Road

Delta Office Park

Swindon

SN5 7XF

REGISTERED NUMBER:

09545761 (England and Wales)

ACCOUNTANTS:

AMS Accountancy Limited

Delta 606

Welton Road

Delta Office Park

Swindon

Wiltshire

SN5 7XF

FIXED ASSETS

Tangible assets

4

1,279

393

CURRENT ASSETS

Debtors

5

12,268

108

Cash at bank

68,041

19,353

80,309

19,461

CREDITORS

Amounts falling due within one year

6

(25,171

)

56

NET CURRENT ASSETS

55,138

19,517

TOTAL ASSETS LESS CURRENT LIABILITIES

56,417

19,910

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

56,317

19,810

SHAREHOLDERS' FUNDS

56,417

19,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2020 and were signed on its behalf by:

Dr M D Giess - Director

Ms F C Bastow - Director

1.	STATUTORY INFORMATION

Montrose Engineering 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 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

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current 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 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.

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

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2019

458

314

2,518

3,290

Additions

865

-

869

1,734

Disposals

(458

)

(89

)

(83

)

(630

)

At 30 April 2020

865

225

3,304

4,394

DEPRECIATION

At 1 May 2019

91

291

2,515

2,897

Charge for year

173

-

286

459

Eliminated on disposal

(91

)

(67

)

(83

)

(241

)

At 30 April 2020

173

224

2,718

3,115

NET BOOK VALUE

At 30 April 2020

692

1

586

1,279

At 30 April 2019

367

23

3

393

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

12,150

-

Other debtors

118

108

12,268

108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

25,048

(291

)

Other creditors

123

235

25,171

(56

)

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2020 and 30 April 2019:

2020

2019

£

£

Dr M D Giess

Balance outstanding at start of year

-

-

Amounts advanced

18

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

18

-