M_H_A_INTEGRATED_ELECTRON - Accounts

M H A INTEGRATED ELECTRONIC SERVICES LIMITED - Company Information

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Company Registration No. 03522631 (England and Wales)

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Intangible assets

17,993

Tangible assets

13,240

16,730

13,240

34,723

Current assets

Stocks

92,067

46,517

Debtors

161,477

256,241

253,544

302,758

Creditors: amounts falling due within one year

(215,812)

(246,974)

Net current liabilities

37,732

55,784

Total assets less current liabilities

50,972

90,507

50,972

90,507

Capital and reserves

Called up share capital

699

Share premium account

641,773

Other reserves

Profit and loss account

(591,501)

(551,966)

Shareholders' funds

50,972

90,507

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 July 2014

Mr T Harrison

Director

Company Registration No. 03522631

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents the total value of all contracts fully and partially completed during the year.

1.3

Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the director are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% Straight line

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.7

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

M H A INTEGRATED ELECTRONIC SERVICES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2013

93,843

48,809

142,652

Additions

800

Disposals

(5,000)

At 31 December 2013

88,843

49,609

138,452

Depreciation

At 1 January 2013

75,850

32,079

107,929

Charge for the year

12,993

4,290

17,283

At 31 December 2013

88,843

36,369

125,212

Net book value

At 31 December 2013

13,240

At 31 December 2012

17,993

16,730

34,723

Share capital

2013

2012

Allotted, called up and fully paid

69,900 Ordinary shares of 1p each

699

Ultimate parent company

The company is under the control of Atherton Electronics Group Limited, its parent company.

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

T Harrison - Director

7,842