Accounts Submission

Company Accounts and Tax Online 05725823 Board of Directors 1.5.16 30.4.17 30.4.17 No description of principal activity false iso4217:GBP xbrli:pure 05725823 2015-05-01 2016-04-30 05725823 2017-04-30 05725823 2016-05-01 2017-04-30 05725823 2016-04-30 05725823 countries:EnglandWales 2016-05-01 2017-04-30 05725823 curr:PoundSterling 2016-05-01 2017-04-30 05725823 uk-bus:PrivateLimitedCompanyLtd 2016-05-01 2017-04-30 05725823 uk-bus:FRS102 2016-05-01 2017-04-30 05725823 uk-bus:AuditExempt-NoAccountantsReport 2016-05-01 2017-04-30 05725823 uk-bus:AbridgedAccounts 2016-05-01 2017-04-30 05725823 uk-bus:RegisteredOffice 2016-05-01 2017-04-30 05725823 uk-bus:Director1 2016-05-01 2017-04-30 05725823 uk-bus:Director1 2016-05-01 05725823 uk-bus:Director1 2017-04-30 05725823 uk-bus:Director2 2016-05-01 2017-04-30 05725823 uk-bus:Director2 2016-05-01 05725823 uk-bus:Director2 2017-04-30 05725823 uk-bus:CompanySecretary1 2016-05-01 2017-04-30 05725823 core:AfterOneYear 2017-04-30 05725823 core:AfterOneYear 2016-04-30 05725823 core:WithinOneYear 2017-04-30 05725823 core:WithinOneYear 2016-04-30 05725823 core:WithinOneYear 2016-05-01 2017-04-30 05725823 core:AfterOneYear 2017-04-30 05725823 core:AfterOneYear 2016-04-30 05725823 core:AfterOneYear 2016-05-01 2017-04-30 05725823 core:ShareCapital 2017-04-30 05725823 core:ShareCapital 2016-04-30 05725823 core:RevaluationReserve 2017-04-30 05725823 core:RevaluationReserve 2016-04-30 05725823 core:RetainedEarningsAccumulatedLosses 2017-04-30 05725823 core:RetainedEarningsAccumulatedLosses 2016-04-30 05725823 1 2016-05-01 2017-04-30

Company Registration Number:
05725823 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2017

Period of accounts

Start date: 01 May 2016

End date: 30 April 2017

Contents of the Financial Statements

for the Period Ended 30 April 2017


Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 8

Directors' Report Period Ended 30 April 2017

The directors present their report with the financial statements of the company for the period ended 30 April 2017

Directors

The directors shown below have held office during the whole of the period from 01 May 2016 to 30 April 2017
K R T de Graaf
M L Garrett

Secretary
C Kristensen

This report was approved by the board of directors on 24 July 2017
And Signed On Behalf Of The Board By:

Name: K R T de Graaf
Status: Director

Balance sheet

As at 30 April 2017

	Notes	2017 £	2016 £
Fixed assets
Intangible assets:	2	39,126	49,126
Tangible assets:	3	0	521
Total fixed assets:		39,126	49,647
Current assets
Stocks:		23,270	22,575
Debtors:		78,874	38,852
Cash at bank and in hand:		1,193	1,206
Total current assets:		103,337	62,633
Creditors: amounts falling due within one year:		( 78,347 )	( 85,826 )
Net current assets (liabilities):		24,990	( 23,193 )
Total assets less current liabilities:		64,116	26,454
Total net assets (liabilities):		64,116	26,454

The notes form part of these financial statements

Balance sheet continued

As at 30 April 2017

	Notes	2017 £	2016 £
Capital and reserves
Called up share capital:		152,260	152,260
Revaluation reserve:	4	26,266	26,266
Profit and loss account:		( 114,410 )	( 152,072 )
Shareholders funds:		64,116	26,454

For the year ending 30 April 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 July 2017
And Signed On Behalf Of The Board By:

Name: K R T de Graaf
Status: Director

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 30 April 2017

1. Accounting policies

Basis of measurement and preparation

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets depreciation policy

Depreciation is provided in equal annual installments over the estimated lives of the assets. The rate of depreciation is as follows:-
Computer equipment: 3 years

Notes to the Financial Statements

for the Period Ended 30 April 2017

2. Intangible assets

	Total
Cost	£
At 01 May 2016	49,126
Additions	-
Disposals	(10,000)
Revaluations	-
Transfers	-
At 30 April 2017	39,126
Amortisation
Amortisation at 01 May 2016	0
Charge for year	-
On disposals	-
Other adjustments	-
Amortisation at 30 April 2017	0
Net book value
Net book value at 30 April 2017	39,126
Net book value at 30 April 2016	49,126

As at 30 April 2017 the company held a 28.9% (2016 40%) shareholding in MPSWorks Limited, a company incorporated in England and Wales. The proceeds from the disposal of shares was equal to their cost. The fair market value of the retained shareholding is considered to equal to its cost of £26,000.

Notes to the Financial Statements

for the Period Ended 30 April 2017

3. Tangible Assets

	Total
Cost	£
At 01 May 2016	18,473
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2017	18,473
Depreciation
At 01 May 2016	17,952
Charge for year	521
On disposals	-
Other adjustments	-
At 30 April 2017	18,473
Net book value
At 30 April 2017	0
At 30 April 2016	521

Notes to the Financial Statements

for the Period Ended 30 April 2017

4. Revaluation reserve

	2017 £
Balance at 01 May 2016	26,266
Surplus or deficit after revaluation	0
Balance at 30 April 2017	26,266

Director:		K R T de Graaf
		M L Garrett


Secretary:		C Kristensen


Registered office:		The Clarence Centre 6 St George's Circus London SE1 6FE


Company Registration Number:		05725823 (England and Wales)

Accounts Submission