MBMS Systems Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07733766 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

MBMS Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Brzezinski

Mrs M Brzezinska

REGISTERED OFFICE:

16 Weavercroft

Didcot

Oxfordshire

Oxfordshire

OX11 7RR

REGISTERED NUMBER:

07733766 (England and Wales)

ACCOUNTANTS:

Clear Accountancy Solutions Limited

Harvest House, 2

Cranborne Ind Estate

Cranborne Road

Potters Bar

Hertfordshire

EN6 3JF

FIXED ASSETS

Tangible assets

4

399

599

CURRENT ASSETS

Debtors

5

-

5,961

Cash at bank

29,882

18,181

29,882

24,142

CREDITORS

Amounts falling due within one year

6

24,274

19,558

NET CURRENT ASSETS

5,608

4,584

TOTAL ASSETS LESS CURRENT LIABILITIES

6,007

5,183

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

6,005

5,181

SHAREHOLDERS' FUNDS

6,007

5,183

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 19 February 2018 and were signed on its behalf by:

M Brzezinski - Director

1.	STATUTORY INFORMATION

MBMS Systems Limited 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

-

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

profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2016

and 31 July 2017

799

DEPRECIATION

At 1 August 2016

200

Charge for year

200

At 31 July 2017

400

NET BOOK VALUE

At 31 July 2017

399

At 31 July 2016

599

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

-

1,257

Directors' current accounts

-

4,704

-

5,961

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Tax

16,224

15,351

Social security and other taxes

419

(835

)

VAT

6,019

5,042

Directors' current accounts

1,612

-

24,274

19,558

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 August 2016

5,181

Profit for the year

58,827

Dividends

(58,003

)

At 31 July 2017

6,005

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2017 and 31 July 2016:

31.7.17

31.7.16

£

£

M Brzezinski

Balance outstanding at start of year

4,704

130

Amounts advanced

(6,316

)

4,574

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,612

)

4,704

10.	ULTIMATE CONTROLLING PARTY

The Company has no Ultimate Controlling Party.