More and More C Limited Accounts

MORE AND MORE C LIMITED - Company Information






More and More C Limited

	Company No. 10876967
		Information for Filing with The Registrar
		31 May 2020

The Director presents his report and the accounts for the year ended 31 May 2020.

Principal activities
The principal activity of the company during the year under review was that of a holding company.




Director

The Director who served at any time during the year was as follows:

C.S. Burgess





































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

C.S. Burgess
Director
11 November 2020

at	31 May 2020
Company No.		10876967	Notes	2020	2019
				£	£
Fixed assets



	Investments		4	1	1
				1	1
Current assets

	Debtors		5	282,418	315,066

	Cash at bank and in hand			183,413	37,034
				465,831	352,100
Creditors: Amount falling due within one year			6	(69,455)	(78,714)
Net current assets				396,376	273,386
Total assets less current liabilities				396,377	273,387




Net assets				396,377	273,387

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		7	396,277	273,287

Total equity				396,377	273,387



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 11 November 2020
And signed on its behalf by:
C.S. Burgess
Director
11 November 2020

for the year ended 31 May 2020

General information

Its registered number is: 10876967

Its registered office is:

Low Tide House

75D Southgate Road

Islington

London

N1 3JS

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006. The March 2018 edition of FRS 102 includes amendments arising from the Financial Reporting Council's triennial review of the standard. There is no material effect on the amounts recognised in these financial statements as a result of early adopting these amendments.

Accounting policies

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Investments

Unlisted investments are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3	Employees
			2020	2019
			Number	Number
		The average number of persons employed during the year :	0	0

4	Investments
			Investment in Subsidiaries	Total
			£	£
		Cost or valuation
		At 1 June 2019	1	1



		At 31 May 2020	1	1
		Provisions/Impairment





		Net book values
		At 31 May 2020	1	1
		At 31 May 2019	1	1

5	Debtors
			2020	2019
			£	£


		Corporation tax recoverable	66,880	77,280


		Loans to directors	215,478	237,786
		Other debtors	60	-

			282,418	315,066

6	Creditors:
		amounts falling due within one year
			2020	2019
			£	£






		Corporation tax	69,455	78,714




			69,455	78,714

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

8	Dividends
			2020	2019
			£	£
		Dividends for the period:
		Dividends paid in the period	160,239	150,300

			160,239	150,300

		Dividends by type:

		Equity dividends	160,239	150,300
			160,239	150,300

9	Advances and credits to directors
		Included within Other debtors are the following loans to directors:

		Director	Description	At 1 June 2019	Advanced	Repaid	At 31 May 2020
				£	£	£	£
		C.S. Burgess	Directors loan	237,786	57,192	(79,500)	215,478







































				237,786	57,192	(79,500)	215,478