Mayfield Health Limited - Accounts to registrar (filleted) - small 18.2
Mayfield Health Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Period 1 November 2016 to 30 April 2018 |
| for |
| Mayfield Health Limited |
| Mayfield Health Limited (Registered number: 06662817) |
| Contents of the Financial Statements |
| for the Period 1 November 2016 to 30 April 2018 |
| Page |
| Company Information | 1 |
| Chartered Certified Accountants' Report | 2 |
| Statement of Financial Position | 3 |
| Notes to the Financial Statements | 5 |
| Mayfield Health Limited |
| Company Information |
| for the Period 1 November 2016 to 30 April 2018 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Meriden House |
| 6 Great Cornbow |
| Halesowen |
| West Midlands |
| B63 3AB |
| Chartered Certified Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Mayfield Health Limited |
| 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 Statement of Financial Position. Readers are cautioned that the 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 Mayfield Health Limited for the period ended 30 April 2018 which comprise the Income |
| Statement, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
| This report is made solely to the Board of Directors of Mayfield Health 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 Mayfield Health Limited and state those matters that we have agreed to state to the Board of Directors of Mayfield Health Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Mayfield Health 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 profit of Mayfield Health Limited. You consider that Mayfield Health Limited is exempt from the statutory audit requirement for the period. |
| We have not been instructed to carry out an audit or a review of the financial statements of Mayfield Health 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. |
| Chartered Certified Accountants |
| Meriden House |
| 6 Great Cornbow |
| Halesowen |
| West Midlands |
| B63 3AB |
| Mayfield Health Limited (Registered number: 06662817) |
| Statement of Financial Position |
| 30 April 2018 |
| 2018 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| CURRENT ASSETS |
| Inventories | 6 |
| 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 | 11 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Mayfield Health Limited (Registered number: 06662817) |
| Statement of Financial Position - continued |
| 30 April 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 by: |
| Mayfield Health Limited (Registered number: 06662817) |
| Notes to the Financial Statements |
| for the Period 1 November 2016 to 30 April 2018 |
| 1. | STATUTORY INFORMATION |
| Mayfield Health Limited is a |
| 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 |
| The financial statements are presented in pound sterling which is the functional currency of the company and |
| rounded to the nearest £. |
| The financial information presented in these financial statements covers the 18 month period ended 30 April |
| 2018. The comparative information covers the 12 month period 1 November 2015 to 31 October 2016. The |
| accounting period was lengthened for commercial reasons. Due to the change in accounting period, the |
| comparative figures are not entirely comparable. |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the period ended 30 April 2018 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 November 2015. |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Goodwill |
| Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years. |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| Mayfield Health Limited (Registered number: 06662817) |
| Notes to the Financial Statements - continued |
| for the Period 1 November 2016 to 30 April 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Pension costs and other post-retirement 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 November 2016 |
| and 30 April 2018 |
| AMORTISATION |
| At 1 November 2016 |
| and 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 31 October 2016 |
| Mayfield Health Limited (Registered number: 06662817) |
| Notes to the Financial Statements - continued |
| for the Period 1 November 2016 to 30 April 2018 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 November 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 April 2018 |
| DEPRECIATION |
| At 1 November 2016 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 April 2018 |
| NET BOOK VALUE |
| At 30 April 2018 |
| At 31 October 2016 |
| 6. | INVENTORIES |
| 2018 | 2016 |
| £ | £ |
| Finished goods |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Trade debtors |
| Amounts owed by related parties | 109,336 | 126,664 |
| Other debtors |
| Prepayments |
| Amounts owed by related parties do not bear interest, are unsecured and are repayable on demand. |
| Mayfield Health Limited (Registered number: 06662817) |
| Notes to the Financial Statements - continued |
| for the Period 1 November 2016 to 30 April 2018 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2016 |
| £ | £ |
| Bank loan |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2016 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| The bank loan and overdraft are secured by way of a legal charge and debenture dated 31 October 2017 in |
| favour of Svenska Handelsbanken AB. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2018 | 2016 |
| £ | £ |
| Deferred tax | 162 | 702 |
| Deferred |
| tax |
| £ |
| Balance at 1 November 2016 |
| Movement in the year | (540 | ) |
| Balance at 30 April 2018 |
| A deferred tax provision has arisen as a result of accelerated capital allowances. |
| Mayfield Health Limited (Registered number: 06662817) |
| Notes to the Financial Statements - continued |
| for the Period 1 November 2016 to 30 April 2018 |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |