MCL Telecommunications Group Ltd - Accounts to registrar (filleted) - small 18.2

MCL Telecommunications Group Ltd - Accounts to registrar (filleted) - small 18.2

MCL TELECOMMUNICATIONS GROUP LTD - Company Information

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REGISTERED NUMBER: 04514660 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st August 2018

for

MCL Telecommunications Group Ltd
MCL Telecommunications Group Ltd (Registered number: 04514660)






Contents of the Financial Statements
for the Year Ended 31st August 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MCL Telecommunications Group Ltd

Company Information
for the Year Ended 31st August 2018







DIRECTOR: D Billington





SECRETARY: L C Billington





REGISTERED OFFICE: 43 Victoria Road
Burgess Hill
West Sussex
RH15 9LR





REGISTERED NUMBER: 04514660 (England and Wales)





ACCOUNTANTS: Sigma Partners
Gloucester House
Church Walk
Burgess Hill
West Sussex
RH15 9AS
Page 1
MCL Telecommunications Group Ltd (Registered number: 04514660)

Statement of Financial Position
31st August 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,170 -
Tangible assets 5 12,902 16,183
Investments 6 100 100
34,172 16,283

CURRENT ASSETS
Stocks 6,000 5,000
Debtors 7 81,941 83,087
Cash at bank and in hand 89,280 118,041
177,221 206,128
CREDITORS
Amounts falling due within one year 8 124,215 144,691
NET CURRENT ASSETS 53,006 61,437
TOTAL ASSETS LESS CURRENT
LIABILITIES
87,178
77,720

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,078 77,620
SHAREHOLDERS' FUNDS 87,178 77,720

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes form part of these financial statements

Page 2 continued...
MCL Telecommunications Group Ltd (Registered number: 04514660)

Statement of Financial Position - continued
31st August 2018


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 29th January 2019 and were signed by:





D Billington - Director


The notes form part of these financial statements

Page 3
MCL Telecommunications Group Ltd (Registered number: 04514660)

Notes to the Financial Statements
for the Year Ended 31st August 2018

1. STATUTORY INFORMATION

MCL Telecommunications Group Ltd 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.

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.
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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 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 statement of financial position date.


Page 4 continued...
MCL Telecommunications Group Ltd (Registered number: 04514660)

Notes to the Financial Statements - continued
for the Year Ended 31st August 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 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.

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 7 (2017 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 24,625
At 31st August 2018 24,625
AMORTISATION
Charge for year 3,455
At 31st August 2018 3,455
NET BOOK VALUE
At 31st August 2018 21,170

Page 5 continued...
MCL Telecommunications Group Ltd (Registered number: 04514660)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2018

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st September 2017
and 31st August 2018 24,472
DEPRECIATION
At 1st September 2017 8,289
Charge for year 3,281
At 31st August 2018 11,570
NET BOOK VALUE
At 31st August 2018 12,902
At 31st August 2017 16,183

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st September 2017
and 31st August 2018 100
NET BOOK VALUE
At 31st August 2018 100
At 31st August 2017 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 63,255 69,164
Other debtors 18,686 13,923
81,941 83,087

Page 6 continued...
MCL Telecommunications Group Ltd (Registered number: 04514660)

Notes to the Financial Statements - continued
for the Year Ended 31st August 2018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 39,719 54,202
Taxation and social security 21,205 30,109
Other creditors 63,291 60,380
124,215 144,691

9. RELATED PARTY DISCLOSURES

Serviced office costs of £62,412 were made to MCL Telecoms, the subsidiary company, during the
year and a debtor balance of £9,511 was owed from the subsidiary at the balance sheet date.

A further working capital loan of £13,404 was outstanding from the subsidiary company at the
balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is D Billington.

Page 7