|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MEGAMIX DESIGN & DISPLAY LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 APRIL 2019 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
MEGAMIX DESIGN & DISPLAY LTD |
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 30 APRIL 2019 |
|
|
|
|
|
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 4 |
|
MEGAMIX DESIGN & DISPLAY LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
SECRETARY: |
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
ACCOUNTANTS: |
|
4 Henley Way |
Doddington Road |
Lincoln |
Lincolnshire |
LN6 3QR |
|
|
|
BANKERS: |
|
City Office Park |
Tritton Road |
Lincoln |
LN6 7AR |
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
STATEMENT OF FINANCIAL POSITION |
30 APRIL 2019 |
|
2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Stocks |
|
|
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 | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 12 |
|
|
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. |
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
STATEMENT OF FINANCIAL POSITION - continued |
30 APRIL 2019 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved and authorised for issue by the director on
by: |
|
|
|
|
|
|
|
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
1. | STATUTORY INFORMATION |
|
Megamix Design & Display Ltd is a
|
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 |
|
|
Turnover |
Turnover represents amounts charged to customers for goods and services provided during the year, excluding |
value added tax and trade discounts. Sales are recognised upon delivery to the customer, or upon collection |
by the customer. |
|
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 |
|
Land and buildings | - |
|
Plant and machinery etc | - |
|
|
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. |
|
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
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. |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2018 |
and 30 April 2019 |
|
AMORTISATION |
At 1 May 2018 |
and 30 April 2019 |
|
NET BOOK VALUE |
At 30 April 2019 |
|
At 30 April 2018 |
|
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 May 2018 |
|
|
|
Additions |
|
|
|
At 30 April 2019 |
|
|
|
DEPRECIATION |
At 1 May 2018 |
|
|
|
Charge for year |
|
|
|
At 30 April 2019 |
|
|
|
NET BOOK VALUE |
At 30 April 2019 |
|
|
|
At 30 April 2018 |
|
|
|
|
|
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 May 2018 |
and 30 April 2019 |
|
NET BOOK VALUE |
At 30 April 2019 |
|
At 30 April 2018 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
|
|
Amounts owed by group undertakings |
|
|
Other debtors |
|
|
|
|
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
|
|
Finance leases (see note 10) |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans |
|
|
Finance leases (see note 10) |
|
|
|
|
|
10. | LEASING AGREEMENTS |
|
Total financial commitments, guarantees and contingencies which are not included in the statement of |
financial position amount to 4,166 (2018: £7,737). |
|
Other leasing agreements are as per notes 8 and 9. |
|
11. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2019 | 2018 |
£ | £ |
Bank loans |
|
|
Finance leases | 22,179 | 27,786 |
|
|
|
There are fixed and floating charges over the undertaking and all property and assets. Hire purchase liabilities |
are secured on the asset to which they relate. |
|
12. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |
MEGAMIX DESIGN & DISPLAY LTD (REGISTERED NUMBER: 04809475) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 APRIL 2019 |
|
13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
|
The directors have a directors loan accounts totalling £285 brought forward (2018: £3,055). During the year, |
the directors of the company borrowed £2,891 (2018: £2,501) from the company and repaid £2,070 (2018: |
£2,070). The balance at the end of the year totalled £1,106 overdrawn (2016: £285). |