Registered Number
:
07015633
|
For the year ended 30 September 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 September 2018
More Systems Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
More Systems Ltd
Statement of Financial Position
2017
2018
48,250
38,000
2
Property
,
plant and equipment
|
373
321
3
48,623
38,321
Trade and other receivables
|
11,171
6,038
4
1,029
Cash and cash equivalents
|
10,281
16,319
12,200
Trade and other payables
:
amounts falling due within one year
|
(27,619)
(36,105)
5
(15,419)
(19,786)
Net current liabilities
Total assets less current liabilities
|
28,837
22,902
Trade and other payables
:
amounts falling due after more than
|
one year
|
(21,319)
(23,958)
6
4,879
Net assets
1,583
20
20
4,859
1,563
4,879
1,583
Shareholders' funds
For the year ended 30 September 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006
|
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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 have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
Mr Robert Harper Director
|
These financial statements were approved and authorised for issue by the Board on 24 June 2019 and were signed by:
|
1 of 5
For the year ended 30 September 2018
More Systems Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
|
2 of 5
For the year ended 30 September 2018
More Systems Ltd
Notes to the Financial Statements
Statutory Information
More Systems Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
|
07015633
.
|
Hill View Carwinion Road
Mawnan Smith
Falmouth
Cornwall
TR11 5JD
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain
|
assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of 10 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
2
.
Intangible fixed assets
|
Goodwill
120,000
165,000
45,000
20,000
-
20,000
185,000
120,000
65,000
127,000
118,500
8,500
9,750
750
9,000
Charge for year
136,750
119,250
17,500
48,250
750
47,500
1,500
36,500
38,000
3 of 5
For the year ended 30 September 2018
More Systems Ltd
Notes to the Financial Statements Continued
3
.
Property
,
plant and equipment
|
352
151
201
145
-
145
346
151
497
Provision for depreciation and impairment
|
31
12
19
Charge for year
93
50
43
124
62
62
284
89
373
182
139
321
4
.
Trade and other receivables
|
2017
2018
4,538
9,671
1,500
1,500
11,171
6,038
The debtors above include the following amounts falling due after more than one year
:
|
1,500
1,500
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
1,467
1,151
Taxation and social security
|
30,879
22,239
3,759
4,229
36,105
27,619
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
23,958
21,319
4 of 5
For the year ended 30 September 2018
More Systems Ltd
Notes to the Financial Statements Continued
5 of 5