MHz Designs Limited 31/10/2020 iXBRL


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Company registration number: 03259229
MHz Designs Limited
Unaudited filleted financial statements
31 October 2020
MHz Designs Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
MHz Designs Limited
Directors and other information
Directors Mr David Wright
Mrs Catriona Wright
Company number 03259229
Registered office 22 Elm Way
Melbourn
Royston
Herts
SG8 6UH
Business address 22 Elm Way
Melbourn
Royston
Herts
SG8 6UH
Accountant Paul Eldred FCCA
First Floor
30 - 34 Parliament Square
Hertford
SG14 1EZ
Bankers Santander
Bridle Road
Bootle
Merseyside
L30 4GB
MHz Designs Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of MHz Designs Limited
Year ended 31 October 2020
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of MHz Designs Limited for the year ended 31 October 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of the Association of Chartered Certified Accountants , I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of MHz Designs Limited, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the financial statements of MHz Designs Limited and state those matters that we have agreed to state to the board of directors of MHz Designs 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/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than MHz Designs Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that MHz Designs 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 MHz Designs Limited. You consider that MHz Designs Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of MHz Designs Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Paul Eldred FCCA
Chartered Certified Accountant
First Floor
30 - 34 Parliament Square
Hertford
SG14 1EZ
4 January 2021
MHz Designs Limited
Statement of financial position
31 October 2020
2020 2019
£ £
Fixed assets 5,403 5,795
_______ _______
Current assets 145,068 133,656
Creditors: amounts falling due within one year ( 8,769) ( 16,889)
_______ _______
Net current assets 136,299 116,767
_______ _______
Total assets less current liabilities 141,702 122,562
Provisions for liabilities - ( 1,159)
Accruals and deferred income ( 18,960) ( 21,193)
_______ _______
Net assets 122,742 100,210
_______ _______
Capital and reserves 122,742 100,210
_______ _______
Notes to the financial statements
MHz Designs Limited
Year ended 31 October 2020
1. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2019: 2 ).
2. Contingent assets and liabilities
There were no contingent liabilities at 31 October 2020 not already provided for in these financial statments.
3. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2020
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr David Wright ( 1,895) 1,895 ( 520) ( 520)
_______ _______ _______ _______
2019
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
Mr David Wright ( 1,895) - - ( 1,895)
_______ _______ _______ _______
For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 04 January 2021 , and are signed on behalf of the board by:
Mr David Wright
Director
Company registration number: 03259229
The company is a private company limited by shares, registered in England.