Manley Summers Limited Filleted accounts for Companies House (small and micro)
Manley Summers Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
01959035
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Balance Sheet |
2019 |
2018 |
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Note |
£ |
£ |
Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves
Called up share capital |
9 |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
29 November 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01959035
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Notes to the Financial Statements |
Year ended 31 May 2019
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 Manor Way, Belasis Hall Technology Park, Billingham, TS23 4HN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill |
- |
Fully written off |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
17
(2018:
28
).
5.
Intangible assets
Goodwill |
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£ |
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Cost |
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At 1 June 2018 and 31 May 2019 |
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Amortisation |
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At 1 June 2018 and 31 May 2019 |
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Carrying amount |
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At 31 May 2019 |
– |
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At 31 May 2018 |
– |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Financial instruments at fair value
The company did not use any non-basic financial instruments in the period.
9.
Called up share capital
Issued, called up and fully paid
2019 |
2018 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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10.
Summary audit opinion
The senior statutory auditor was
Graeme Richard Boagey BA FCA CTA
, for and on behalf of
Chipchase Manners
.
11.
Director's advances, credits and guarantees
There were no directors advances, credits or guarantees in the year.
12.
Related party transactions
All transactions within the group are undertaken under normal commercial terms.
13.
Controlling party
The ultimate parent company is Beaver Management Services Limited, a company registered in England. Group accounts can be obtained from Companies House online. Advantage has been taken of the exemption not to disclose details of related party transactions with fellow group companies on the grounds that they are included in the consolidated accounts. The ultimate controlling party is Mr B K Goodchild, by virtue of his shareholding in Beaver Management Services Limited, the parent company.