Medway Security Distribution Limited - Accounts to registrar (filleted) - small 18.2
Medway Security Distribution Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2017 TO 28 FEBRUARY 2018 |
FOR |
MEDWAY SECURITY DISTRIBUTION LIMITED |
MEDWAY SECURITY DISTRIBUTION LIMITED (REGISTERED NUMBER: 04138201) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2017 TO 28 FEBRUARY 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
MEDWAY SECURITY DISTRIBUTION LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1 AUGUST 2017 TO 28 FEBRUARY 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
13 Yorkersgate |
Malton |
North Yorkshire |
YO17 7AA |
MEDWAY SECURITY DISTRIBUTION LIMITED (REGISTERED NUMBER: 04138201) |
STATEMENT OF FINANCIAL POSITION |
28 FEBRUARY 2018 |
2018 | 2017 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
MEDWAY SECURITY DISTRIBUTION LIMITED (REGISTERED NUMBER: 04138201) |
STATEMENT OF FINANCIAL POSITION - continued |
28 FEBRUARY 2018 |
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. |
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 behalf by: |
MEDWAY SECURITY DISTRIBUTION LIMITED (REGISTERED NUMBER: 04138201) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 AUGUST 2017 TO 28 FEBRUARY 2018 |
1. | STATUTORY INFORMATION |
Medway Security Distribution Limited is a |
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. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year and also have been consistently applied within the same |
accounts.The financial statements have been prepared under the historical cost convention. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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 period 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. |
Revenue recognition |
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration |
in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to |
consideration, which represents amounts chargeable to customers. |
Frequency of reporting |
The current period covers 7 months from 1 August 2017 to 28 February 2018. The decision by the directors to |
shorten the current year accounting period was made in order to bring the period end date in line with that of |
the remaining group companies. The comparative figures presented in these financial statements are therefore |
not entirely comparable, as they cover a 12 month period from 1 August 2016 to 31 July 2017. |
MEDWAY SECURITY DISTRIBUTION LIMITED (REGISTERED NUMBER: 04138201) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 AUGUST 2017 TO 28 FEBRUARY 2018 |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2017 - NIL). |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade creditors |
Taxation and social security | ( |
) |
Other creditors |