Media Access Solutions (MAS) Limited Filleted accounts for Companies House (small and micro)
Media Access Solutions (MAS) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09144949
|
|
|
|
Statement of Financial Position |
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
|
|
Current assets
Debtors |
6 |
|
|
Creditors: amounts falling due within one year |
7 |
(
|
(
|
------------ |
------------ |
||
Net current liabilities |
(
|
(
|
|
------------ |
------------ |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
8 |
(
|
(
|
Provisions |
(
|
(
|
------------ |
------------ |
|
Net assets |
|
|
------------ |
------------ |
|
Capital and reserves
Called up share capital |
|
|
Profit and loss account |
|
|
--------- |
--------- |
|
Shareholders funds |
|
|
--------- |
--------- |
|
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
25 August 2021
, and are signed on behalf of the board by:
|
|
Director |
|
Company registration number:
09144949
|
Notes to the Financial Statements |
Period from 1 September 2019 to 31 March 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cambrai Court 1229 Stratford Road, Hall Green, Birmingham, B28 9AA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
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:
Plant and equipment |
- |
|
|
Motor vehicles |
- |
|
|
Impairment of fixed assets
Finance leases and hire purchase contracts
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
17
(2019:
9
).
5.
Tangible assets
Plant and machinery |
Motor vehicles |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 September 2019 (as restated) |
|
|
|
Additions |
|
|
|
------------ |
--------- |
------------ |
|
At 31 March 2020 |
|
|
|
------------ |
--------- |
------------ |
|
Depreciation |
|||
At 1 September 2019 |
|
|
|
Charge for the period |
|
|
|
------------ |
--------- |
------------ |
|
At 31 March 2020 |
|
|
|
------------ |
--------- |
------------ |
|
Carrying amount |
|||
At 31 March 2020 |
|
|
|
------------ |
--------- |
------------ |
|
At 31 August 2019 |
|
|
|
------------ |
--------- |
------------ |
|
6.
Debtors
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
£ |
£ |
|
Trade debtors |
|
|
Other debtors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
7.
Creditors:
amounts falling due within one year
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
|
– |
Social security and other taxes |
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
8.
Creditors:
amounts falling due after more than one year
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
£ |
£ |
|
Bank loans and overdrafts |
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
Included within other creditors is £2,626,343 (2019 - £2,297,600) in respect of hire purchase agreements which are secured against the fixed assets to which they have financed.
9.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
£ |
£ |
|
Included in provisions |
|
|
--------- |
--------- |
|
The deferred tax account consists of the tax effect of timing differences in respect of:
31 Mar 20 |
31 Aug 19 |
|
(restated) |
||
£ |
£ |
|
Accelerated capital allowances |
|
|
Unused tax losses |
(
|
(
|
--------- |
--------- |
|
136,834 |
137,049 |
|
--------- |
--------- |
|
10.
Prior period adjustments
11.
Other financial commitments
12.
Director's advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
31 Mar 20 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
-------- |
--------- |
-------- |
--------- |
||
31 Aug 19 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
(
|
|
|
|
|
------- |
-------- |
------- |
-------- |
||