Machine Assist Limited - Accounts to registrar (filleted) - small 22.3

Machine Assist Limited - Accounts to registrar (filleted) - small 22.3

MACHINE ASSIST LIMITED - Company Information

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REGISTERED NUMBER: 05590299 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st March 2022

for

Machine Assist Limited
Machine Assist Limited (Registered number: 05590299)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Machine Assist Limited

Company Information
for the Year Ended 31st March 2022







DIRECTOR: T M Armitage





SECRETARY: Mrs N I Armitage





REGISTERED OFFICE: Permanent House
1 Dundas Street
Huddersfield
HD1 2EX





REGISTERED NUMBER: 05590299 (England and Wales)
Page 1
Machine Assist Limited (Registered number: 05590299)

Balance Sheet
31st March 2022

31.3.22 31.3.21
Notes £    £   
CURRENT ASSETS
Debtors 5 24,098 27,118
Cash at bank 6,965 5,128
31,063 32,246
CREDITORS
Amounts falling due within one year 6 13,114 14,395
NET CURRENT ASSETS 17,949 17,851
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,949
17,851

CREDITORS
Amounts falling due after more than one
year
7
16,334
17,667
NET ASSETS 1,615 184

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,515 84
SHAREHOLDERS' FUNDS 1,615 184

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20th December 2022 and were signed by:




T M Armitage - Director


The notes form part of these financial statements

Page 2
Machine Assist Limited (Registered number: 05590299)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Machine Assist 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.
Plant and machinery - 25% on Reducing Balance

No depreciation has been provided in the year. Tangible fixed assets were fully depreciated in the prior year.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

Page 3 continued...
Machine Assist Limited (Registered number: 05590299)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued

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 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2021
and 31st March 2022 7,040
DEPRECIATION
At 1st April 2021
and 31st March 2022 7,040
NET BOOK VALUE
At 31st March 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 4,098 7,118
Other debtors 20,000 20,000
24,098 27,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 2,000 2,333
Taxation and social security 8,881 10,075
Other creditors 2,233 1,987
13,114 14,395

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.22 31.3.21
£    £   
Bank loans 16,334 17,667

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 8,334 1,667

Page 4 continued...
Machine Assist Limited (Registered number: 05590299)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

8. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
75 Ordinary £1 75 75
25 'A' Ordinary £1 25 25
100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is T M Armitage.

Page 5