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Financial Statements |
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for the Period 5 February 2018 to 31 December 2018 |
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Muvantex UK Ltd |
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REGISTERED NUMBER:
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Financial Statements |
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for the Period 5 February 2018 to 31 December 2018 |
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for |
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Muvantex UK Ltd |
Muvantex UK Ltd (Registered number: 11187591) |
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Contents of the Financial Statements |
for the Period 5 February 2018 to 31 December 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Muvantex UK Ltd |
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Company Information |
for the Period 5 February 2018 to 31 December 2018 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants |
and Statutory Auditors |
Roland House |
Princes Dock Street |
HULL HU1 2LD |
Muvantex UK Ltd (Registered number: 11187591) |
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Balance Sheet |
31 December 2018 |
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Notes | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Muvantex UK Ltd (Registered number: 11187591) |
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Notes to the Financial Statements |
for the Period 5 February 2018 to 31 December 2018 |
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1. | STATUTORY INFORMATION |
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Muvantex UK Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The company is reliant on the financial support of MGI BVBA. The directors of MGI BVBA have agreed to |
provide continued financial support to ensure the company will be able to trade as a going concern for the |
foreseeable future. The financial statements have therefore been prepared on a going concern basis. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 period end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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3. | AUDITORS' REMUNERATION |
£ |
Fees payable to the company's auditors for the audit of the company's
financial statements |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
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Trade debtors |
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Other debtors |
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Muvantex UK Ltd (Registered number: 11187591) |
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Notes to the Financial Statements - continued |
for the Period 5 February 2018 to 31 December 2018 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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Amounts owed to group undertakings |
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7. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal |
value: | £ |
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Share capital 1 | £1 | 100 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | RELATED PARTY DISCLOSURES |
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During the year the Company received a loan of £37,518 from its parent company MGI BVBA. At the Balance |
Sheet date an amount of £37,518 was outstanding. The loan is unsecured. Interest of £102 was accrued on this |
loan, this is being charged at 2% per annum. |
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During the year the company purchased services from from its parent company MGI BVBA of £1,525. At the |
balance sheet date an amount of £598 was outstanding. |
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10. | ULTIMATE CONTROLLING PARTY |
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The company's ultimate parent company and immediate controlling party is MGI BVBA, a company |
incorporated in Belgium. |