Manchuna Decorators Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02881874 (England and Wales)

MANCHUNA DECORATORS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G F Hartfield

Mrs Y M Hartfield

SECRETARY:

Mrs Y M Hartfield

REGISTERED OFFICE:

Picketts Farm Barn

Picketts Lane Salfords

Redhill

Surrey

RH1 5RG

REGISTERED NUMBER:

02881874 (England and Wales)

ACCOUNTANTS:

Tudor John Limited

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

4

17,908

22,830

CURRENT ASSETS

Debtors

5

20,064

41,015

Cash at bank and in hand

180,493

115,326

200,557

156,341

CREDITORS

Amounts falling due within one year

6

82,970

59,069

NET CURRENT ASSETS

117,587

97,272

TOTAL ASSETS LESS CURRENT LIABILITIES

135,495

120,102

CAPITAL AND RESERVES

Called up share capital

7

10

10

Retained earnings

8

135,485

120,092

SHAREHOLDERS' FUNDS

135,495

120,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 20 September 2019 and were signed on its behalf by:

G F Hartfield - Director

1.	STATUTORY INFORMATION

Manchuna Decorators 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents net invoiced sales of goods and services, excluding value added tax.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% 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 balance sheet date.

DEFERRED TAX

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

sheet 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.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments.

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2018

30,779

2,459

44,089

4,908

82,235

Additions

-

-

-

1,041

1,041

At 31 December 2018

30,779

2,459

44,089

5,949

83,276

DEPRECIATION

At 1 January 2018

29,482

2,406

23,002

4,515

59,405

Charge for year

324

8

5,272

359

5,963

At 31 December 2018

29,806

2,414

28,274

4,874

65,368

NET BOOK VALUE

At 31 December 2018

973

45

15,815

1,075

17,908

At 31 December 2017

1,297

53

21,087

393

22,830

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

20,044

10,537

Other debtors

20

30,478

20,064

41,015

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

3,948

10,588

Taxation and social security

22,887

15,435

Other creditors

56,135

33,046

82,970

59,069

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

10

Ordinary

£1

10

10

8.

RESERVES

Retained

earnings

£

At 1 January 2018

120,092

Profit for the year

51,393

Dividends

(36,000

)

At 31 December 2018

135,485

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY