M5TEC Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09005477 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2018

for

M5TEC LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

7

DIRECTORS:

C Chalder

C Jones

REGISTERED OFFICE:

Unit 10b

Parsons Court Welbury Way

Aycliffe Business Park

Newton Aycliffe

Co. Durham

DL5 6ZE

REGISTERED NUMBER:

09005477 (England and Wales)

ACCOUNTANTS:

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

FIXED ASSETS

Tangible assets

4

19,494

2,801

CURRENT ASSETS

Debtors

120,574

76,342

Cash at bank and in hand

24,940

34,660

145,514

111,002

CREDITORS

Amounts falling due within one year

121,365

83,520

NET CURRENT ASSETS

24,149

27,482

TOTAL ASSETS LESS CURRENT LIABILITIES

43,643

30,283

PROVISIONS FOR LIABILITIES

2,743

532

NET ASSETS

40,900

29,751

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

40,896

29,747

SHAREHOLDERS' FUNDS

40,900

29,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 30th April 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 22nd January 2019 and were signed on its behalf by:

C Jones - Director

1.	STATUTORY INFORMATION

M5TEC 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 year was 5 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st May 2017

3,091

Additions

18,600

At 30th April 2018

21,691

DEPRECIATION

At 1st May 2017

290

Charge for year

1,907

At 30th April 2018

2,197

NET BOOK VALUE

At 30th April 2018

19,494

At 30th April 2017

2,801

5.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/4/18

30/4/17

£

£

Within one year

139

557

Between one and five years

-

139

139

696

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2018 and

30th April 2017:

30/4/18

30/4/17

£

£

C Chalder

Balance outstanding at start of year

-

-

Amounts advanced

9,678

-

Amounts repaid

(9,678

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

C Jones

Balance outstanding at start of year

-

-

Amounts advanced

9,978

-

Amounts repaid

(9,978

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The above balances are interest free and repayable on demand.

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 M5TEC Limited for the year ended 30th April 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 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 M5TEC Limited, as a body, in accordance with the terms of our engagement letter dated 11th September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of M5TEC Limited and state those matters that we have agreed to state to the Board of Directors of M5TEC 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 M5TEC 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 M5TEC Limited. You consider that M5TEC 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 M5TEC 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.

Mitchell Gordon LLP

43 Coniscliffe Road

Darlington

Co. Durham

DL3 7EH

22nd January 2019