Mploy Youth Limited - Accounts to registrar (filleted) - small 18.2

Mploy Youth Limited - Accounts to registrar (filleted) - small 18.2

MPLOY YOUTH LIMITED - Company Information

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REGISTERED NUMBER: 09014047 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

MPLOY YOUTH LIMITED
MPLOY YOUTH LIMITED (REGISTERED NUMBER: 09014047)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018










Page

Balance Sheet 1

Notes to the Financial Statements 2


MPLOY YOUTH LIMITED (REGISTERED NUMBER: 09014047)

BALANCE SHEET
31 JULY 2018

31/7/18 31/7/17
Notes £    £   
CURRENT ASSETS
Debtors 5 5,703 13,049
Cash at bank 10,381 5,193
16,084 18,242
CREDITORS
Amounts falling due within one year 6 11,077 13,561
NET CURRENT ASSETS 5,007 4,681
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,007
4,681

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 4,806 4,480
SHAREHOLDERS' FUNDS 5,007 4,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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 25 October 2018 and were signed on its behalf by:





G R Miller - Director


The notes form part of these financial statements

Page 1
MPLOY YOUTH LIMITED (REGISTERED NUMBER: 09014047)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018


1. STATUTORY INFORMATION

Mploy Youth Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 09014047

Registered office: 9 Dalby Court
Gadbrook Business Centre
Rudheath
Northwich
Cheshire
CW9 7TN

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


Transactions are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided to customers during the period, net of VAT.Turnover is
recognised when services have been delivered to customers.

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.


Page 2 continued...
MPLOY YOUTH LIMITED (REGISTERED NUMBER: 09014047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Employee benefits
Short term employee benefits and contributions to defined contribution plans are recognised as an expense in
the period in which they are incurred. The company recognises a provision for annual leave accrued by
employees as a result of services rendered in the current period, and which employees are entitled to carry
forward and use within the next 12 months. The provision is measured at the salary cost payable for the period
of absence.

Financial instruments
FINANCIAL ASSETS

Trade, group and other debtors
Trade, group and other debtors (including accrued income) which are receivable within one year and which do
not constitute a financing transaction are initially measured at the transaction price and subsequently measured
at amortised cost, being the transaction price less any amounts settled and any impairment losses.

A provision for impairment of trade debtors is established where there is objective evidence that the amounts
due will not be collected according to the original terms of the contract. Impairment losses are recognised in
profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash
flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that
objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in
profit or loss.

FINANCIAL LIABILITIES

Trade, group and other creditors
Trade, group and other creditors (including accruals) payable within one year that do not constitute a financing
transaction are initially measured at the transaction price and subsequently measured at amortised cost, being
transaction price less any amounts settled.

Derecognition of financial assets and liabilities
A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or
substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks
and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell
the asset in its entirety to an unrelated third party. A financial liability (or part thereof) is derecognised when the
obligation specified in the contract is discharged, cancelled or expires.

Page 3 continued...
MPLOY YOUTH LIMITED (REGISTERED NUMBER: 09014047)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2018


4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/18 31/7/17
£    £   
Trade debtors 1,840 5,843
Other debtors 3,863 7,206
5,703 13,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/18 31/7/17
£    £   
Taxation and social security 77 2,586
Other creditors 11,000 10,975
11,077 13,561

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/7/18 31/7/17
£    £   
Within one year 8,000 8,000
Between one and five years 6,000 14,000
14,000 22,000

Page 4