2017-03-01 NI611416 2018-02-28 NI611416 2017-03-01 2018-02-28 NI611416 2017-02-28 NI611416 2016-03-01 2017-02-28 NI611416 uk-core:WithinOneYear 2017-02-28 NI611416 uk-core:WithinOneYear 2018-02-28 NI611416 uk-core:ShareCapital 2018-02-28 NI611416 uk-core:ShareCapital 2017-02-28 NI611416 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 NI611416 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 NI611416 uk-bus:Director1 2017-03-01 2018-02-28 NI611416 uk-core:FurnitureFittingsToolsEquipment 2017-03-01 2018-02-28 iso4217:GBP NI611416 uk-bus:AuditExemptWithAccountantsReport 2017-03-01 2018-02-28 NI611416 uk-bus:FRS102 2017-03-01 2018-02-28 NI611416 uk-bus:FullAccounts 2017-03-01 2018-02-28 NI611416 uk-bus:PrivateLimitedCompanyLtd 2017-03-01 2018-02-28
MLS Mortgages Limited
Registered Number:NI611416
For the year ended 28 February 2018
Northern Ireland
Unaudited Financial Statements
2
For the year ended 28 February 2018
MLS Mortgages Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 28 February 2018
MLS Mortgages Limited
Statement of Financial Position
Registered Number :
NI611416
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
3,984
3,942
2
3,984
3,942
Current assets
Trade and other receivables
10,800
11,200
3
10,796
Cash and cash equivalents
24,910
36,110
21,596
Trade and other payables: amounts falling due within one
year
(25,116)
(33,293)
4
(3,520)
2,817
Net current assets
Total assets less current liabilities
6,801
422
6,801
Net assets
422
Capital and reserves
Called up share capital
6
6
Retained earnings
6,795
416
6,801
422
Shareholders' funds
For the year ended 28 February 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 28 February 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
Dermot Small Director
These financial statements were approved and authorised for issue by the Board on 13 November 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2018
MLS Mortgages Limited
Notes to the Financial Statements
Statutory Information
MLS Mortgages Limited is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI611416.
Registered address:
52 Church Place
Lurgan
Armagh
BT66 6HD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20 Reducing balance
Furniture and Fittings
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
At 01 March 2017
7,555
1,038
Additions
At 28 February 2018
8,593
Provision for depreciation and impairment
At 01 March 2017
3,613
Charge for year
996
At 28 February 2018
4,609
At 28 February 2018
Net book value
3,984
At 28 February 2017
3,942
3. Trade and other receivables
2017
2018
£
£
Trade debtors
11,200
10,800
2 of 3
5
For the year ended 28 February 2018
MLS Mortgages Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
3,354
1,031
Taxation and social security
9,393
7,842
Other creditors
20,546
16,243
33,293
25,116
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