MD Affinity Schemes Ltd - Accounts to registrar

REGISTERED NUMBER: 08214231 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

MD Affinity Schemes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G J Devaney

I M Turnick

SECRETARY:

Ms J A Goodman

REGISTERED OFFICE:

2 Shore Lines Building

Shore Road

Birkenhead

Merseyside

CH41 1AU

REGISTERED NUMBER:

08214231 (England and Wales)

ACCOUNTANTS:

Haines Watts

3rd Floor Pacific Chambers

11-13 Victoria Street

Liverpool

Merseyside

L2 5QQ

CURRENT ASSETS

Debtors

4

1,230,469

655,694

Cash at bank

607,510

443,163

1,837,979

1,098,857

CREDITORS

Amounts falling due within one year

5

1,733,442

1,019,612

NET CURRENT ASSETS

104,537

79,245

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,537

79,245

CREDITORS

Amounts falling due after more than one
year

6

100,000

NET ASSETS/(LIABILITIES)

4,537

(20,755

)

CAPITAL AND RESERVES

Called up share capital

80

Retained earnings

4,457

(20,835

)

SHAREHOLDERS' FUNDS

4,537

(20,755

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 20 September 2017 and were signed on its behalf
by:

G J Devaney - Director

1.	STATUTORY INFORMATION

MD Affinity Schemes 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 represents amounts receivable for services net of VAT and trade discounts.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2015 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade debtors

1,225,155

650,541

Other debtors

5,314

5,153

1,230,469

655,694

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

Trade creditors

935,216

545,809

Taxation and social security

6,135

5,917

Other creditors

792,091

467,886

1,733,442

1,019,612

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.16

31.12.15

£

Other creditors

100,000

7.	RELATED PARTY DISCLOSURES

In 2014, the company took on a subordinated loan from MD Insurance Services Ltd in the sum of £100,000. At
31 December 2016 the amount was still outstanding. The director and shareholder of the company Mr G Devaney, is also a director and shareholder of MD Insurance Services Limited .

During the year, MD Insurance Services Limited traded with MD Affinity Schemes Ltd. At 31 December 2016,
the company owed MD Insurance Services Ltd £687,200 (2015 - £445,585).

During the year, MD Affinity Schemes Ltd traded with MD Warranty Inspection Services Ltd. The director and

shareholder of the company Mr G Devaney, is also a director of MD Warranty Inspection Services Ltd. At 31

December 2016, the company owed MD Warranty Inspection Services Ltd £8,104 (2015 - £8,104).

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr G Devaney on the basis of his majority shareholding in the company.

MD Affinity Schemes Ltd - Accounts to registrar - small 17.2

MD Affinity Schemes Ltd - Accounts to registrar - small 17.2