MeasurePoint Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08206503 (England and Wales)

Financial Statements for the Year Ended 30 September 2020

for

MEASUREPOINT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L Anderson

Mr K Dean

REGISTERED OFFICE:

2 Windermere Works

Oldfield Court

Windermere

Cumbria

LA23 2HJ

REGISTERED NUMBER:

08206503 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,575

5,080

Investments

5

161,940

278,575

166,515

283,655

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

6

645,045

487,148

Cash at bank and in hand

6,610

40,302

652,655

528,450

CREDITORS

Amounts falling due within one year

7

85,238

70,902

NET CURRENT ASSETS

567,417

457,548

TOTAL ASSETS LESS CURRENT LIABILITIES

733,932

741,203

PROVISIONS FOR LIABILITIES

869

965

NET ASSETS

733,063

740,238

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

732,963

740,138

SHAREHOLDERS' FUNDS

733,063

740,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 29 June 2021 and were signed on its behalf by:

Mr K Dean - Director

1.	STATUTORY INFORMATION

MeasurePoint Ltd 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.

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 - 30% reducing balance

Fixtures and fittings - 30% reducing balance

Motor vehicles - 30% reducing balance

Computer equipment - 30% reducing balance

STOCKS

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

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 October 2019

3,919

1,383

10,804

4,482

20,588

Additions

-

-

-

1,457

1,457

At 30 September 2020

3,919

1,383

10,804

5,939

22,045

DEPRECIATION

At 1 October 2019

2,789

1,128

7,747

3,844

15,508

Charge for year

339

77

917

629

1,962

At 30 September 2020

3,128

1,205

8,664

4,473

17,470

NET BOOK VALUE

At 30 September 2020

791

178

2,140

1,466

4,575

At 30 September 2019

1,130

255

3,057

638

5,080

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2019

278,575

Additions

235,665

Disposals

(352,300

)

At 30 September 2020

161,940

NET BOOK VALUE

At 30 September 2020

161,940

At 30 September 2019

278,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

69,663

141,906

Other Debtors

568,793

332,219

Other Debtors

-

4,433

VAT

160

3,073

Prepayments

6,429

5,517

645,045

487,148

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

50,000

590

Trade creditors

519

45,427

Corporation tax

16,245

18,690

Social security and other taxes

-

806

Directors' current accounts

18,474

5,389

85,238

70,902