Mostunit Limited - Period Ending 2018-03-31

Mostunit Limited

Annual Report and Financial Statements
Year Ended 31 March 2018

Registration number: 02196163

Mostunit Limited

Profit and Loss Account

Year Ended 31 March 2018

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

Mostunit Limited

Balance Sheet

31 March 2018

	Note	2018 £	2017 £
Current assets
Stocks	3	26,784	26,784
Cash at bank and in hand		1	1
		26,785	26,785
Creditors: Amounts falling due within one year	4	(7,904)	(7,904)
Net assets		18,881	18,881
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		17,881	17,881
Total equity		18,881	18,881

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 22 October 2018 and signed on its behalf by:

......................................... S J Keeping-Wells Director

Company Registration Number: 02196163

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Mostunit Limited

Notes to the Financial Statements

Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Towngate House
2-8 Parkstone Road
Poole
Dorset
BH15 2PW

These financial statements were authorised for issue by the Board on 22 October 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been presented in British pound sterling and rounded to the nearest whole pound.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Work in progress is valued at the lower of cost and net realisable value. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Page 3

Mostunit Limited

Notes to the Financial Statements

Year Ended 31 March 2018

Financial instruments

Classification
The company holds the following financial instruments:

• Short term other creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.


 
 

3

Stocks

	2018 £	2017 £
Work in progress	26,784	26,784

4

Creditors

	2018 £	2017 £
Due within one year
Other creditors	7,904	7,904

Page 4