MBDA UK S & S Club (Stev) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04216415 (England and Wales)

MBDA UK SPORTS AND SOCIAL

CLUB (STEVENAGE) LIMITED

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C Doe

K A Streeter

J L Mizen

N A Gardiner

SECRETARY:

S L Gibson

REGISTERED OFFICE:

Six Hills Way

Stevenage

Hertfordshire

SG1 2DA

REGISTERED NUMBER:

04216415 (England and Wales)

AUDITORS:

Wags LLP t/a Wagstaffs

Chartered Accountants and Statutory Auditors

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

FIXED ASSETS

Intangible assets

5

12,732

-

Property, plant and equipment

6

-

-

12,732

-

CURRENT ASSETS

Debtors

7

19,301

14,322

Cash at bank and in hand

149,950

177,539

169,251

191,861

CREDITORS

Amounts falling due within one year

8

(13,530

)

(21,601

)

NET CURRENT ASSETS

155,721

170,260

TOTAL ASSETS LESS CURRENT LIABILITIES

168,453

170,260

RESERVES

Income and expenditure account

168,453

170,260

168,453

170,260

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 29th March 2022 and were signed on its behalf by:

J L Mizen - Director

1.	STATUTORY INFORMATION

MBDA UK Sports and Social Club (Stevenage) Limited is a private company, limited by guarantee , 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on a going concern basis and under the historical cost convention.

Significant judgements and estimates

No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all other taxes of sales made during the year.

Revenue Recognition

Revenue is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other intangible assets is being amortised evenly over its estimated useful life of five years.

Property, plant and equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

50% on cost

Tax

Tax 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 tax 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

12,948

At 31st December 2021

12,948

AMORTISATION

Charge for year

216

At 31st December 2021

216

NET BOOK VALUE

At 31st December 2021

12,732

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st January 2021

and 31st December 2021

6,856

DEPRECIATION

At 1st January 2021

and 31st December 2021

6,856

NET BOOK VALUE

At 31st December 2021

-

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

19,301

14,322

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Taxation and social security

74

258

Other creditors

13,456

21,343

13,530

21,601

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Hubbocks (Senior Statutory Auditor)

for and on behalf of Wags LLP t/a Wagstaffs

10.	COMPANY LIMITED BY GUARANTEE

The company is a company limited by guarantee and the maximum liability of each member is limited to £1.