Measuring Machines Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00226734 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2021

for

Measuring Machines Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A.G. Rogers

S J Rogers

Miss J.A. Rogers

REGISTERED OFFICE:

75 Springfield Road

Chelmsford

Essex

CM2 6JB

REGISTERED NUMBER:

00226734 (England and Wales)

ACCOUNTANTS:

NSO Associates LLP

75 Springfield Road

Chelmsford

Essex

CM2 6JB

FIXED ASSETS

859

Tangible assets

4

784

CURRENT ASSETS

2,000

Stocks

2,000

8,184

Debtors

5

9,839

13,375

Cash at bank

6,266

23,559

18,105

CREDITORS

51,225

Amounts falling due within one year

6

48,175

(27,666

)

NET CURRENT LIABILITIES

(30,070

)

(26,807

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(29,286

)

CAPITAL AND RESERVES

140

Called up share capital

140

(26,947

)

Retained earnings

(29,426

)

(26,807

)

SHAREHOLDERS' FUNDS

(29,286

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2022 and were signed on its behalf by:

A.G. Rogers - Director

1.	STATUTORY INFORMATION

Measuring Machines 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Land and buildings

-

over the lease term

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Government grants

Government grants are accounted for on an accruals basis.

Grants of a revenue nature are recognised in the statement of comprehensive income in the same period as the related expenditure.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

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 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

Totals

buildings

etc

£

£

£

COST

At 1 January 2021

and 31 December 2021

26,016

9,502

16,514

DEPRECIATION

At 1 January 2021

25,157

8,693

16,464

Charge for year

75

65

10

At 31 December 2021

25,232

8,758

16,474

NET BOOK VALUE

At 31 December 2021

784

744

40

At 31 December 2020

859

809

50

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade debtors

9,839

8,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

3,243

7,034

Taxation and social security

11,185

10,367

Other creditors

33,747

33,824

48,175

51,225

7.	POST BALANCE SHEET EVENTS

No events have occurred since the date of the Balance Sheet that need to be brought to the attention of the Shareholders or Third Parties.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is N.R. Rogers.

9.	GOING CONCERN

At the balance sheet date the company had a net asset deficiency of £29,286 (2020 £26,807). . A related party has undertaken to continue to financially support the company until the situation has been fully redressed. It is therefore deemed appropriate to prepare the accounts on a going concern basis.