Company Registration No. 12630296 (England and Wales)
TŶ ECO MMC LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2020
PAGES FOR FILING WITH REGISTRAR
TŶ ECO MMC LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
TŶ ECO MMC LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2020
31 October 2020
- 1 -
2020
Notes
£
£
Current assets
Debtors
3
49
Cash at bank and in hand
10,000
10,049
Creditors: amounts falling due within one year
4
(55,184)
Net current liabilities
(45,135)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(45,235)
Total equity
(45,135)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial period ended 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 27 July 2021 and are signed on its behalf by:
Mr G J Small
Director
Company Registration No. 12630296
TŶ ECO MMC LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2020
- 2 -
1
Accounting policies
Company information
Tŷ Eco MMC Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
16 Pen Y Bryn, Wrexham, LL13 7HY.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The company has taken advantage of the exemption under section 400 of the
Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group
.
1.2
Reporting period
The company was incorporated on the 28th May 2020, this is the first period in which the company has prepared financial statements, as such, there is no comparative period.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation
in the period
are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2020
Number
Total
TŶ ECO MMC LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2020
- 3 -
3
Debtors
2020
Amounts falling due within one year:
£
Other debtors
49
4
Creditors: amounts falling due within one year
2020
£
Trade creditors
45,235
Amounts owed to group undertakings
9,949
55,184
5
Called up share capital
2020
2020
Ordinary share capital
Number
£
Issued and fully paid
Ordinary of £1 each
100
100
6
Related party transactions
The company is a subsidiary of Minera Roof Trusses Limited which owns 51% of the issued share capital. The registered office is Unit 1 & 2, Five Crosses Industrial estate, Minera, Wrexham, Clywd, LL11 3RD.
Included within creditors at 31 October 2020 is an amount of £9,949 (2019 - £Nil) due to of Minera Roof Trusses Limited. No interest is charged on this balance.
Included within creditors
at 31 October 2020
is an amount of
£44,475 (2019 - £Nil) due to DMR (North Wales) Limited , a company with directors in common with Ty Eco MMC Limited. No interest is charged on this balance.
Included within creditors at 31 October 2020 is an amount of £760 (2019 - £Nil) due to Bryn Property Company Limited, a company with directors in common. No interest is charged on this balance.