Montgomery Solutions Limited - Accounts to registrar (filleted) - small 18.2
Montgomery Solutions Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2018 |
FOR |
MONTGOMERY SOLUTIONS LIMITED |
MONTGOMERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06330970) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 August 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
MONTGOMERY SOLUTIONS LIMITED |
COMPANY INFORMATION |
for the Year Ended 31 August 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
54 Sun Street |
Waltham Abbey |
Essex |
EN9 1EJ |
MONTGOMERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06330970) |
BALANCE SHEET |
31 August 2018 |
2018 | 2017 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 |
MONTGOMERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06330970) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 August 2018 |
1. | STATUTORY INFORMATION |
Montgomery Solutions Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statement is the Pound Sterling (£) which is the functional currency of |
the company and rounded to the nearest £. |
The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents amounts chargeable to clients for services supplied during the year, net of value added tax. |
Turnover is recognised when a right to consideration has been obtained through performance under each |
contract. |
Tangible fixed assets |
Equipment | - |
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. |
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. |
Debtors and creditors receivable/ payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
MONTGOMERY SOLUTIONS LIMITED (REGISTERED NUMBER: 06330970) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 August 2018 |
2. | ACCOUNTING POLICIES - continued |
Cash and cash equivalents |
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Equipment |
£ |
COST |
At 1 September 2017 |
Additions |
Disposals | ( |
) |
At 31 August 2018 |
DEPRECIATION |
At 1 September 2017 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2018 |
NET BOOK VALUE |
At 31 August 2018 |
At 31 August 2017 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Tax |
Social security and other taxes |
VAT | 7,833 | 1,531 |
Other creditors |
Director's current account | 349 | 1,711 |
Accrued expenses |