MBMS Systems Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07733766 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

MBMS Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M Brzezinski

Mrs M Brzezinska

REGISTERED OFFICE:

16 Weavercroft

Didcot

Oxfordshire

Oxfordshire

OX11 7RR

REGISTERED NUMBER:

07733766 (England and Wales)

ACCOUNTANTS:

Orange & Gold Accountancy Limited

Harvest House

2 Cranborne Industrial Estate

Cranborne Road

Potters Bar

Hertfordshire

EN6 3JF

FIXED ASSETS

Tangible assets

2

599

-

CURRENT ASSETS

Debtors

5,961

797

Cash at bank

18,181

16,429

24,142

17,226

CREDITORS

Amounts falling due within one year

19,558

17,220

NET CURRENT ASSETS

4,584

6

TOTAL ASSETS LESS CURRENT LIABILITIES

5,183

6

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

5,181

4

SHAREHOLDERS' FUNDS

5,183

6

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 February 2017 and were signed on its behalf by:

M Brzezinski - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard

for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on cost

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 the

profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

799

At 31 July 2016

799

DEPRECIATION

Charge for year

200

At 31 July 2016

200

NET BOOK VALUE

At 31 July 2016

599

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2016 and 31 July 2015:

31.7.16

31.7.15

£

£

M Brzezinski

Balance outstanding at start of year

130

-

Amounts advanced

4,574

130

Amounts repaid

-

-

Balance outstanding at end of year

4,704

130