Accounts filed on 31-12-2017

Accounts filed on 31-12-2017

MY PURCHASING PARTNER LIMITED - Company Information

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Registered number: 08677556
My Purchasing Partner Limited
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2017
Prepared By:
Forbes Watson Limited
The Old Bakery
Green Street
Lytham St. Annes
Lancashire
FY8 5LG
My Purchasing Partner Limited
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2017
DIRECTORS
Stephen Quinn
Ray Treacy
REGISTERED OFFICE
Forbes Watson Limited
The Old Bakery
Lytham St. Annes
Lancashire
FY8 5LG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08677556
ACCOUNTANTS
Forbes Watson Limited
The Old Bakery
Green Street
Lytham St. Annes
Lancashire
FY8 5LG
My Purchasing Partner Limited
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2017
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
My Purchasing Partner Limited
BALANCE SHEET AT 31 December 2017
20172016
Notes££
FIXED ASSETS
Intangible assets25,447433
Tangible assets31,7869,048
7,2339,481
CURRENT ASSETS
Debtors4857,769735,986
Cash at bank and in hand326,79883,817
1,184,567819,803
CREDITORS: Amounts falling due within one year5368,712305,455
NET CURRENT ASSETS815,855514,348
TOTAL ASSETS LESS CURRENT LIABILITIES823,088523,829
CAPITAL AND RESERVES
Called up share capital722
Profit and loss account823,086523,827
SHAREHOLDERS' FUNDS823,088523,829
For the year ending 31 December 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 25 September 2018 and signed on their behalf by
.............................
Ray Treacy
Director
My Purchasing Partner Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2017
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25%
Motor Cars 25%
1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. INTANGIBLE FIXED ASSETS
Development
CostsTotal
££
Cost
At 1 January 20171,3001,300
Additions8,1308,130
At 31 December 20179,4309,430
Depreciation
At 1 January 2017867867
For the year3,1163,116
At 31 December 20173,9833,983
Net Book Amounts
At 31 December 20175,4475,447
At 31 December 2016433433
My Purchasing Partner Limited
3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 1 January 20175,63023,50029,130
Disposals-(23,500)(23,500)
At 31 December 20175,630-5,630
Depreciation
At 1 January 20172,96517,11720,082
Disposals-(18,890)(18,890)
For the year8791,7732,652
At 31 December 20173,844-3,844
Net Book Amounts
At 31 December 20171,786-1,786
At 31 December 20162,6656,3839,048
4. DEBTORS 20172016
££
Amounts falling due within one year
Trade debtors563,529471,164
Trade debtors289,653261,250
Prepayments4,5863,571
Directors current account11
857,769735,986
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20172016
££
UK corporation tax72,68673,981
VAT130,02255,250
PAYE control15,4789,694
Hire purchase-14,092
Trade creditors19,34752,792
Other creditors436-
Accruals130,74399,646
368,712305,455
6. EMPLOYEES
20172016
No.No.
Average number of employees--
My Purchasing Partner Limited
7. SHARE CAPITAL 20172016
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22