| MPP Global Solutions Ltd |
| Registered number: |
03951843 |
| Abbreviated Balance Sheet |
| as at 30 June 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
168,710 |
|
|
135,357 |
| Investments |
3 |
|
|
26,848 |
|
|
26,848 |
|
|
|
|
195,558 |
|
|
162,205 |
|
| Current assets |
| Debtors |
4 |
|
1,789,696 |
|
|
1,329,569 |
| Cash at bank and in hand |
|
|
761,373 |
|
|
1,052,965 |
|
|
|
2,551,069 |
|
|
2,382,534 |
|
| Creditors: amounts falling due within one year |
|
|
(517,966) |
|
|
(921,213) |
|
| Net current assets |
|
|
|
2,033,103 |
|
|
1,461,321 |
|
| Total assets less current liabilities |
|
|
|
2,228,661 |
|
|
1,623,526 |
|
|
| Provisions for liabilities |
|
|
|
(27,806) |
|
|
(22,311) |
|
|
| Net assets |
|
|
|
2,200,855 |
|
|
1,601,215 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
5 |
|
|
2,010 |
|
|
2,010 |
| Share premium |
|
|
|
690 |
|
|
690 |
| Profit and loss account |
|
|
|
2,198,155 |
|
|
1,598,515 |
|
| Shareholders' funds |
|
|
|
2,200,855 |
|
|
1,601,215 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| James Johnson |
| Director |
| Approved by the board on 31 October 2015 |
|
| MPP Global Solutions Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of products provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line |
|
Website costs |
20% straight line |
|
Leasehold premises |
Over the period of the lease |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2014 |
489,928 |
|
Additions |
92,348 |
|
At 30 June 2015 |
582,276 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 July 2014 |
354,571 |
|
Charge for the year |
58,995 |
|
At 30 June 2015 |
413,566 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2015 |
168,710 |
|
At 30 June 2014 |
135,357 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 July 2014 |
26,848 |
|
|
At 30 June 2015 |
26,848 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
| Capital and |
Profit (loss) |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
for the year |
|
|
Class |
% |
£ |
£ |
£ |
|
MPP Global Solutions Incorporated |
Ordinary |
100 |
|
(346,889) |
|
(133,524) |
|
|
The subsidiary commenced trade on 1st July 2012 |
|
The company has taken advantage of section 398 Companies Act 2006 and decided not to prepare group accounts. |
|
| 4 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
Debtors include: |
|
|
Amounts due after more than one year |
416,529 |
|
289,438 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£0.01 each |
|
100,000 |
|
1,000 |
|
1,000 |
|
B Ordinary shares |
£0.01 each |
|
27,000 |
|
270 |
|
270 |
|
C Ordinary shares |
£0.01 each |
|
73,000 |
|
730 |
|
730 |
|
D Ordinary shares |
£0.01 each |
|
1,000 |
|
10 |
|
10 |
|
|
|
|
|
|
2,010 |
|
2,010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
