M P T Colour Graphics Limited

M P T Colour Graphics Limited

M P T COLOUR GRAPHICS LIMITED - Company Information

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Company Registration No. 01497270 (England and Wales)
M P T Colour Graphics Limited Unaudited accounts for the year ended 31 December 2019
M P T Colour Graphics Limited Unaudited accounts Contents
Page
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M P T Colour Graphics Limited Company Information for the year ended 31 December 2019
Director
David Finch
Company Number
01497270 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU
Accountants
Multiply Accountancy Limited 71-75 Shelton Street London WC2H 9JQ
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M P T Colour Graphics Limited Statement of financial position as at 31 December 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Investments
4
17,034 
154,149 
Current assets
Debtors
5
136,093 
175,019 
Cash at bank and in hand
143 
16,750 
136,236 
191,769 
Creditors: amounts falling due within one year
6
(153,270)
(488,442)
Net current liabilities
(17,034)
(296,673)
Net liabilities
- 
(142,524)
Capital and reserves
Called up share capital
16,320 
16,320 
Share premium
10,768 
10,768 
Capital redemption reserve
4,000 
4,000 
Profit and loss account
(31,088)
(173,612)
Shareholders' funds
- 
(142,524)
For the year ending 31 December 2019 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 October 2020 and were signed on its behalf by
David Finch Director Company Registration No. 01497270
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M P T Colour Graphics Limited Notes to the Accounts for the year ended 31 December 2019
1
Statutory information
M P T Colour Graphics Limited is a private company, limited by shares, registered in England and Wales, registration number 01497270. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2019
154,149 
Fair value adjustments
(137,115)
Valuation at 31 December 2019
17,034 
At the balance sheet date MPT Colour Graphics Limited held 99.95% of the share capital of Purple Frog Studios Limited (PFS). The net assets of PFS at the balance sheet date were £81,567 (2018 £112,285). PFS made a loss for the year to 31 December 2019 of £189,533 (2018 £158,815).
5
Debtors
2019 
2018 
£ 
£ 
Other debtors
136,093 
175,019 
6
Creditors: amounts falling due within one year
2019 
2018 
£ 
£ 
Bank loans and overdrafts
38,428 
37,533 
Trade creditors
- 
72,285 
Other creditors
109,419 
362,232 
Accruals
5,423 
16,392 
153,270 
488,442 
7
Average number of employees
During the year the average number of employees was 3 (2018: 3).
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