Mploy Solutions Limited - Accounts to registrar (filleted) - small 18.2
Mploy Solutions Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2018 |
| FOR |
| MPLOY SOLUTIONS LIMITED |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| BALANCE SHEET |
| 31 JULY 2018 |
| 31/7/18 | 31/7/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 5 |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| BALANCE SHEET - continued |
| 31 JULY 2018 |
| 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 |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2018 |
| 1. | STATUTORY INFORMATION |
| Mploy Solutions Limited is a |
| company's registered number and registered office address are as below: |
| Registered number: | 07696001 |
| 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 |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value of services provided to customers during the period, net of VAT. Turnover is |
| recognised when services are supplied to customers. |
| Intangible assets |
| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost |
| less any accumulated amortisation and any accumulated impairment losses. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| All leases are operating leases and annual rentals are charged to profit or loss on a straight-line basis over the |
| lease term. |
| Rent free periods or other incentives received for entering into an operating lease are accounted for as a |
| reduction to the expense and are recognised on a straight-line basis over the lease term. |
| Employee 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. |
| 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. |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2018 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INTANGIBLE FIXED ASSETS |
| Development | Computer |
| costs | software | Totals |
| £ | £ | £ |
| COST |
| Additions |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2018 |
| 6. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 August 2017 |
| Additions |
| At 31 July 2018 |
| DEPRECIATION |
| At 1 August 2017 |
| Charge for year |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 July 2017 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Bank loans |
| Other creditors |
| MPLOY SOLUTIONS LIMITED (REGISTERED NUMBER: 07696001) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2018 |
| 10. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Within one year |
| Between one and five years |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Bank loans |
| The bank loan is secured by way of a fixed and floating charge over all property of the company and a personal |
| guarantee provided by the directors, G Miller and N Guest. |
| 12. | PROVISIONS FOR LIABILITIES |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Deferred tax | 2,816 | 327 |
| Deferred |
| tax |
| £ |
| Balance at 1 August 2017 |
| Provided during year |
| Balance at 31 July 2018 |
| 13. | ULTIMATE CONTROLLING PARTY |
| There is no individual ultimate controlling party of the company. |