Martin Collins Entertainment Limited Filleted accounts for Companies House (small and micro)

MARTIN COLLINS ENTERTAINMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 07998275

Martin Collins Entertainment Limited

Filleted Unaudited Financial Statements

31 March 2018

Martin Collins Entertainment Limited

Statement of Financial Position

31 March 2018

	2018	2017
Note	£	£

Current assets

Debtors	5	24,035	25,271

Creditors: amounts falling due within one year	6	22,303	24,283
		--------	--------
Net current assets		1,732	988
		-------	----
Total assets less current liabilities		1,732	988
		-------	----
Net assets		1,732	988
		-------	----

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,632	888
	-------	----
Shareholders funds	1,732	988
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 12 December 2018 , and are signed on behalf of the board by:

Mr M Collins
Director

Company registration number: 07998275

Martin Collins Entertainment Limited

Notes to the Financial Statements

year ended 31st March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Pendragon House, 65 London Road, St Albans, AL1 1LJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and are prepared in sterling which is the functional currency of the entity.

Revenue recognition

Turnover is the total amount receivable by the company for goods and services provided, excluding value added tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2017: 1 ).

5. Debtors

	2018	2017
	£	£
Trade debtors	8,400	–
Other debtors	15,635	25,271
	--------	--------
	24,035	25,271
	--------	--------

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	2,479	1,800
Corporation tax	14,774	17,596
Social security and other taxes	3,250	3,087
Other creditors	1,800	1,800
	--------	--------
	22,303	24,283
	--------	--------

7. Related party transactions

Included in other debtors is £15,635 (2017 - £19,871) owed from the director to the company. Interest was charged on this loan at the authorised rate.