M P M A Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01407232 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

M P M A LIMITED

A COMPANY LIMITED BY GUARANTEE

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr W W Boyd

Mr N J Mullen

Mr R R O'Neill

SECRETARY:

Mr C Saunders

REGISTERED OFFICE:

Unit 8, Sunfield Business Park

New Mill Road

Finchampstead

Wokingham

Berkshire

RG40 4QT

REGISTERED NUMBER:

01407232 (England and Wales)

AUDITORS:

FKCA Limited

Statutory Auditor

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

FIXED ASSETS

Tangible assets

3

2,878

2,321

CURRENT ASSETS

Debtors

4

24,467

37,184

Cash at bank

155,129

179,090

179,596

216,274

CREDITORS

Amounts falling due within one year

5

13,909

23,929

NET CURRENT ASSETS

165,687

192,345

TOTAL ASSETS LESS CURRENT LIABILITIES

168,565

194,666

RESERVES

Income and expenditure account

168,565

194,666

168,565

194,666

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 27 June 2018 and were signed on its behalf by:

Mr W W Boyd - Director

1.	STATUTORY INFORMATION

M P M A Limited is a private company, limited by guarantee , registered in England and Wales. The company's

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

The presentation currency of the financial statements is the Pound Sterling (£).

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 net subscriptions and contributions paid during the calendar year, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

22.5% on reducing balance

Computer equipment

-

25% on reducing balance

Financial instruments

Basic financial instruments are recognised at amortised cost.

Taxation

Taxation for the year 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet 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 year 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2017

2,491

10,047

12,538

Additions

175

1,158

1,333

At 31 December 2017

2,666

11,205

13,871

DEPRECIATION

At 1 January 2017

2,302

7,915

10,217

Charge for year

43

733

776

At 31 December 2017

2,345

8,648

10,993

NET BOOK VALUE

At 31 December 2017

321

2,557

2,878

At 31 December 2016

189

2,132

2,321

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

14,206

19,512

Other debtors

8,800

-

VAT

624

10,332

Prepayments and accrued income

837

7,340

24,467

37,184

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

215

(538

)

Accrued expenses

13,694

24,467

13,909

23,929

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

8,000

-

Between one and five years

32,000

-

In more than five years

1,333

-

41,333

-

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Mason BSc ACA (Senior Statutory Auditor)

for and on behalf of FKCA Limited

8.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by the board of directors.

9.	SHARE CAPITAL

The company has no share capital as it is limited by guarantee.