MBMS Systems Limited - Accounts

MBMS SYSTEMS LIMITED - Company Information

Registered number

07733766

MBMS Systems Limited

Unaudited Report and Accounts

31 July 2014

MBMS Systems Limited
Registered number:		07733766
Director's Report

The director presents his report and accounts for the year ended 31 July 2014.

Principal activities
The company's principal activity during the year continued to be the provision of IT consultancy services.

Directors
The following persons served as directors during the year:

	Mr Marcin Brzezinski

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 23 October 2014 and signed on its behalf.





Mr Marcin Brzezinski
Director

MBMS Systems Limited
Profit and Loss Account
for the year ended 31 July 2014


Notes		2014		2013
£			£

Turnover		72,434		75,222

Cost of sales		-		(548)

Gross profit		72,434		74,674

Administrative expenses		(41,023)		(32,450)
Other operating income		1,859		2,229

Operating profit	2	33,270		44,453

Interest receivable		-		16

Profit on ordinary activities before taxation		33,270		44,469

Tax on profit on ordinary activities	3	(6,654)		(8,894)

Profit for the financial year		26,616		35,575

MBMS Systems Limited
Balance Sheet
as at 31 July 2014

Notes			2014			2013
£				£
Current assets
Debtors	4	8,506			4,157
Cash at bank and in hand		5,337			14,412
		13,843			18,569

Creditors: amounts falling due within one year	5	(10,612)			(12,564)

Net current assets			3,231			6,005

Net assets			3,231			6,005

Capital and reserves
Called up share capital	6		2			2
Profit and loss account	7		3,229			6,003

Shareholder's funds			3,231			6,005

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr Marcin Brzezinski
Director
Approved by the board on 23 October 2014

MBMS Systems Limited
Notes to the Accounts
for the year ended 31 July 2014

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 goods provided to customers and work carried out in respect of services provided to customers.

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

	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	Operating profit					2014		2013
£							£
	This is stated after charging:

	Directors' remuneration					12,500		11,367
	Contributions to directors' money purchase pension schemes					3,600		3,600


3	Taxation					2014		2013
£							£

	UK corporation tax					6,654		8,894


4	Debtors					2014		2013
£							£

	Trade debtors					7,561		-
	Other debtors					945		4,157
						8,506		4,157


5	Creditors: amounts falling due within one year					2014		2013
£							£

	Corporation tax					6,654		8,894
	Other taxes and social security costs					3,898		3,654
	Other creditors					60		16
						10,612		12,564


6	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		2		2


7	Profit and loss account					2014
£

	At 1 August 2013					6,003
	Profit for the year					26,616
	Dividends					(29,390)

	At 31 July 2014					3,229


8	Dividends					2014		2013
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					29,390		32,078



9	Related party transactions					2014		2013
£							£
	Mr Marcin Brzezinski
	Amount due to director					60		16


10	Ultimate controlling party

	The ultimate controlling party at the balance sheet date was Mr Marcin Brzezinski.