Mobile Electronic and Security Federation Filleted accounts for Companies House (small and micro)

MOBILE ELECTRONIC & SECURITY FEDERATION - Company Information

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COMPANY REGISTRATION NUMBER: 03184589

Mobile Electronic and Security Federation

Company Limited by Guarantee

Filleted Unaudited Financial Statements

30 April 2020

Mobile Electronic and Security Federation

Company Limited by Guarantee

Statement of Financial Position

30 April 2020

	2020		2019
Note	£	£	£

Current assets

Stocks		2,000	2,000
Debtors	7	1,700	2,140
Cash at bank and in hand		1,241	1,663
		-------	-------
		4,941	5,803

Creditors: amounts falling due within one year	8	2,486		2,897
		-------		-------
Net current assets			2,455	2,906
			-------	-------
Total assets less current liabilities			2,455	2,906
			-------	-------
Net assets			2,455	2,906
			-------	-------

Capital and reserves

Other reserves	12,928	12,928
Profit and loss account	( 10,473)	( 10,022)
	--------	--------
Members funds	2,455	2,906
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30th April 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Mobile Electronic and Security Federation

Company Limited by Guarantee

Statement of Financial Position (continued)

30 April 2020

These financial statements were approved by the board of directors and authorised for issue on 20 January 2021 , and are signed on behalf of the board by:

J Mann	J D Marshall
Director	Director

Company registration number: 03184589

Mobile Electronic and Security Federation

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30th April 2020

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have considered the impact of the covid-19 pandemic in their assessment of the company's ability to prepare accounts as a going concern. Because of the uncertainties surrounding the effects of the economic slowdown it is difficult to predict the impact on the company and its customers, but having taken all the factors into account, the directors are of the opinion that the company has sufficient resources to continue trading for the next 12 months from the date of signing these accounts.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Company limited by guarantee

The Federation is a company limited by guarantee and does not have a share capital. In the event of the company being wound up, the liability of each member is limited to £1.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2019: 5 ).

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1st May 2019 and 30th April 2020	2,077	2,077
	-------	-------
Depreciation
At 1st May 2019 and 30th April 2020	2,077	2,077
	-------	-------
Carrying amount
At 30th April 2020	–	–
	-------	-------
At 30th April 2019	–	–
	-------	-------

7. Debtors

	2020	2019
	£	£
Trade debtors	1,700	2,140
	-------	-------

8. Creditors: amounts falling due within one year

	2020	2019
	£	£
Trade creditors	202	214
Accruals and deferred income	1,000	1,000
Social security and other taxes	595	994
Director loan accounts	689	689
	-------	-------
	2,486	2,897
	-------	-------

9. Related party transactions

	Purchases	(Increase)/ decrease in loan	Balance at year end Dr/(Cr)
	£	£	£
Directors
30 April 2019	7,657	200	(689)
30 April 2020	5,650	–	(689)

10. Other reserves

There was no movement on the reserve during the year.

This reserve represents the transfer net assets of the Mobile Electronics and Security Federation, an unincorporated association, which the company replaced on the 1st July 1996.