Mandate Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08420040 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2019

for

Mandate Solutions Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C A Gledhill

Mrs A T Kent

Mr S J Gledhill

REGISTERED OFFICE:

Wells Road Business Centre

Wells Road

Ilkley

LS29 9JB

REGISTERED NUMBER:

08420040 (England and Wales)

FIXED ASSETS

Tangible assets

4

33,058

24,515

CURRENT ASSETS

Debtors

5

155,087

125,217

Cash at bank

243,607

89,383

398,694

214,600

CREDITORS

Amounts falling due within one year

6

117,001

69,185

NET CURRENT ASSETS

281,693

145,415

TOTAL ASSETS LESS CURRENT LIABILITIES

314,751

169,930

PROVISIONS FOR LIABILITIES

4,277

4,679

NET ASSETS

310,474

165,251

CAPITAL AND RESERVES

Called up share capital

106

100

Retained earnings

310,368

165,151

SHAREHOLDERS' FUNDS

310,474

165,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 September 2019 and were signed on its behalf by:

Mrs C A Gledhill - Director

1.	STATUTORY INFORMATION

Mandate Solutions Limited is a private company limited by shares, registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The company's trading address is:-

Windy Bank Mills

Windy Bank Lane

Liversedge

WF15 8HE

The presentation currency of the financial statements is Pounds Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position date.

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 year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

The director does not know of any material uncertainties related to events or conditions that may cast significant

doubt on the company's ability to continue as a going concern.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 March 2018

9,212

13,188

13,615

36,015

Additions

3,554

12,866

388

16,808

At 28 February 2019

12,766

26,054

14,003

52,823

DEPRECIATION

At 1 March 2018

2,898

1,099

7,503

11,500

Charge for year

2,049

4,631

1,585

8,265

At 28 February 2019

4,947

5,730

9,088

19,765

NET BOOK VALUE

At 28 February 2019

7,819

20,324

4,915

33,058

At 28 February 2018

6,314

12,089

6,112

24,515

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade debtors

124,892

69,744

Other debtors

30,195

55,473

155,087

125,217

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Trade creditors

4,304

4,961

Taxation and social security

102,525

63,348

Other creditors

10,172

876

117,001

69,185

7.	CAPITAL COMMITMENTS

28.2.19

28.2.18

£

£

Contracted but not provided for in the

financial statements

34,500

43,500

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2019 and 28

February 2018:

28.02.19

28.02.18

£

£

Director

Balance outstanding at start of year

14,915

-

Amounts advanced

38,506

57,487

Amounts repaid

(43,782

)

(42,572-

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,639

14,915

Director

Balance outstanding at start of year

9,488

-

Amounts advanced

298

15,000

Amounts repaid

(9,786

)

(5,512-

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

9,488

Director

Balance outstanding at start of year

15,395

-

Amounts advanced

57,464

29,181

Amounts repaid

(63,574

)

(13,786

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,285

15,395