Murwillumbah Manufacturing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02979506 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

MURWILLUMBAH MANUFACTURING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

4

DIRECTORS:

Dr C J Glynn

Mrs M E Glynn

SECRETARY:

Dr C J Glynn

REGISTERED OFFICE:

1st Floor

Chilworth Point

1 Chilworth Road

Southampton

Hampshire

SO16 7JQ

REGISTERED NUMBER:

02979506 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

FIXED ASSETS

Intangible assets

3

286,255

286,255

CURRENT ASSETS

Cash at bank

33

15,625

CREDITORS

Amounts falling due within one year

544,453

511,853

NET CURRENT LIABILITIES

(544,420

)

(496,228

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(258,165

)

(209,973

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(258,265

)

(210,073

)

SHAREHOLDERS' FUNDS

(258,165

)

(209,973

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 December 2018 and were signed on its behalf by:

Dr C J Glynn - Director

1.	STATUTORY INFORMATION

Murwillumbah Manufacturing Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

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

These financial statements have been prepared on a going concern basis, notwithstanding the fact that the

company has a deficit on its balance sheet. Assurances have been obtained from Dr C J Glynn, a director of the

company, that his support will not be withdrawn in the foreseeable future, and that the company can and will be

able to meet its liabilities as and when they fall due.

PATENTS AND LICENCES

Patents and licences are shown at cost and are not amortised, as the directors do not consider the useful

economic life to be finite, due to the legal rights being renewable and the renewal being considered assured. The

directors carry out an impairment review annually. This represents a departure from the provisions of FRS 102

in order to show a true and fair view.

EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017: 2)

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2017

and 31 March 2018

286,255

NET BOOK VALUE

At 31 March 2018

286,255

At 31 March 2017

286,255

4.	RELATED PARTY DISCLOSURES

At the beginning of the year there was an amount of £241,639 owed to a company under common control.

During the year this company withdrew sums amounting to £98,971, an amount of £340,610 was owed by this

company at the balance sheet date. The loan is repayable on demand, no interest is being charged on the loan

and no security has been provided on this balance.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Murwillumbah Manufacturing Limited for the year ended 31 March 2018 which comprise the

Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Murwillumbah Manufacturing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Murwillumbah Manufacturing Limited and state those matters that we have agreed to state to the Board of Directors of Murwillumbah Manufacturing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Murwillumbah Manufacturing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Murwillumbah Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Murwillumbah Manufacturing Limited. You consider that Murwillumbah Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Murwillumbah Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

Chilworth Point

1 Chilworth Road

Southampton

SO16 7JQ

Date: .............................................