|
|
2020 |
|
2019 |
|
|
£ |
£ |
|
£ |
£ |
Fixed assets |
|
|
11,577 |
|
|
15,365 |
Current assets |
|
24,518 |
|
|
13,802 |
|
Creditors: amount falling due within one year |
|
(9,065) |
|
|
(3,927) |
|
Net current assets
|
|
|
15,453
|
|
|
9,875
|
Total assets less current liabilities
|
|
|
27,030 |
|
|
25,240 |
Creditors: amount falling due after more than one year |
|
|
(21,184) |
|
|
(35,182) |
Net assets
|
|
|
5,846 |
|
|
(9,942) |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
5,846 |
|
|
(9,942) |
|
NOTES TO THE ACCOUNTS
General Information
MORE DIFFERENCE LIMITED is a private company, limited by shares , registered in England and Wales , registration number 08974472 , registration address Office Gold, Building 3 Chiswick Park, 566 Chiswick High Road, England, W4 5YA.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets.
Trade Marks - 10% on Cost
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment.
Computer Equipment |
20 Reducing Balance
|
|
2. |
Intangible fixed assets
Cost |
Other |
|
Total |
|
£ |
|
£ |
At 01 April 2019 |
3,705 |
|
3,705 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 31 March 2020 |
3,705 |
|
3,705 |
Amortisation |
At 01 April 2019 |
1,261 |
|
1,261 |
Charge for year |
253 |
|
253 |
On disposals |
- |
|
- |
At 31 March 2020 |
1,514 |
|
1,514 |
Net book values |
At 31 March 2020 |
2,191 |
|
2,191 |
At 31 March 2019 |
2,444 |
|
2,444 |
|
3. |
Tangible fixed assets
Cost or valuation |
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
|
£ |
|
£ |
|
£ |
At 01 April 2019 |
- |
|
24,056 |
|
24,056 |
Additions |
430 |
|
655 |
|
1,085 |
Disposals |
- |
|
- |
|
- |
At 31 March 2020 |
430 |
|
24,711 |
|
25,141 |
Depreciation |
At 01 April 2019 |
11 |
|
11,395 |
|
11,406 |
Charge for year |
11 |
|
4,338 |
|
4,349 |
On disposals |
- |
|
- |
|
- |
At 31 March 2020 |
22 |
|
15,733 |
|
15,755 |
Net book values |
Closing balance as at 31 March 2020 |
408 |
|
8,978 |
|
9,386 |
Opening balance as at 01 April 2019 |
- |
|
12,921 |
|
12,921 |
|
4. |
Average number of employees
There is only 1 average employee in the year
Average number of employees during the year was 1 (2019 : 1)
|
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 18 December 2020 and were signed by:
-------------------------------- Pavita Cooper Director |
1
|