Mead Tech Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 10163819 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

5 MAY 2016 TO 31 MAY 2017

FOR

MEAD TECH LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs R Wise

R Wise

REGISTERED OFFICE:

C/o Melanie Curtis Accoutants Ltd

Wellington Office

Stratfield Saye

Reading

Berkshire

RG7 2BT

REGISTERED NUMBER:

10163819 (England and Wales)

ACCOUNTANTS:

Melanie Curtis Accountants Ltd

Chartered Certified Accountants

Wellington Office

Stratfield Saye

Reading

Berkshire

RG7 2BT

FIXED ASSETS

Tangible assets

3

1,052

CURRENT ASSETS

Debtors

4

9,022

Cash at bank

24,427

33,449

CREDITORS

Amounts falling due within one year

5

21,520

NET CURRENT ASSETS

11,929

TOTAL ASSETS LESS CURRENT LIABILITIES

12,981

PROVISIONS FOR LIABILITIES

200

NET ASSETS

12,781

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

12,681

12,781

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 29 August 2017 and were signed on its behalf by:

R Wise - Director

1.	STATUTORY INFORMATION

Mead Tech Ltd is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

Straight line over 3 years

Taxation

Taxation for the period 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 taxation 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 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 period 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.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

Additions

1,638

At 31 May 2017

1,638

DEPRECIATION

Charge for period

586

At 31 May 2017

586

NET BOOK VALUE

At 31 May 2017

1,052

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

283

Prepayments and accrued income

8,739

9,022

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

17,071

Social security and other taxes

4,341

Directors' loan accounts

108

21,520