Company Registration No. 02517881 (England and Wales)
Meetstart Ltd
Unaudited accounts
for the year ended 30 September 2017
Meetstart Ltd
Unaudited accounts
Contents
Meetstart Ltd
Company Information
for the year ended 30 September 2017
Directors
J Canham
Mrs B Canham
Company Number
02517881 (England and Wales)
Registered Office
Talpa Hall
Station Road
Old Newton, Stowmarket
IP14 4HQ
Accountants
Quove Accounting Ltd
The Vision Centre
5 Eastern Way
Bury St Edmunds
Suffolk
IP32 7AB
Meetstart Ltd
Statement of financial position
as at 30 September 2017
Tangible assets
412,866
428,893
Cash at bank and in hand
112,128
87,960
Creditors: amounts falling due within one year
(52,227)
(82,486)
Net current assets
141,747
90,725
Total assets less current liabilities
554,713
519,718
Creditors: amounts falling due after more than one year
(98,977)
-
Provisions for liabilities
Net assets
455,736
513,492
Called up share capital
287
287
Profit and loss account
455,449
513,205
Shareholders' funds
455,736
513,492
For the year ending 30 September 2017 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 March 2018.
J Canham
Director
Company Registration No. 02517881
Meetstart Ltd
Notes to the Accounts
for the year ended 30 September 2017
Meetstart Ltd is a private company, limited by shares, registered in England and Wales, registration number 02517881. The registered office is Talpa Hall, Station Road, Old Newton, Stowmarket, IP14 4HQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Meetstart Ltd
Notes to the Accounts
for the year ended 30 September 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 October 2016
364,784
293,300
658,084
At 30 September 2017
364,784
293,300
658,084
At 1 October 2016
-
229,191
229,191
Charge for the year
-
16,027
16,027
At 30 September 2017
-
245,218
245,218
At 30 September 2017
364,784
48,082
412,866
At 30 September 2016
364,784
64,109
428,893
5
Investments
Subsidiary undertakings
Valuation at 1 October 2016
100
Valuation at 30 September 2017
100
Trade debtors
77,560
81,751
8
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
5,624
-
Trade creditors
25,420
57,710
Amounts owed to group undertakings and other participating interests
100
100
Taxes and social security
20,440
11,366
Loans from directors
643
7,168
Meetstart Ltd
Notes to the Accounts
for the year ended 30 September 2017
9
Creditors: amounts falling due after more than one year
2017
2016
Aggregate of amounts that fall due for payment after five years
74,724
-
10
Deferred taxation
2017
2016
Accelerated capital allowances
3,548
6,226
Tax losses carried forward
(3,548)
-
Provision at start of year
6,226
8,071
Credited to the profit and loss account
(6,226)
(1,845)
Provision at end of year
-
6,226
Allotted, called up and fully paid:
200 Ordinary 'A' shares of £1 each
200
200
86 Ordinary 'B' shares of £1 each
86
86
1 Ordinary 'C' shares of £1 each
1
1
12
Transactions with related parties
The company owes its subsidiary company £100 (2016: £100)
The company owes its director, J Canham, £643 (2016: £7,168)
13
Average number of employees
During the year the average number of employees was 10 (2016: 10).
