Muneris Product By Design Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09325276 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

MUNERIS PRODUCT BY DESIGN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G P Baxter

SECRETARY:

REGISTERED OFFICE:

King Street Works

Oxford Road

Gomersall

Bradford

BD11 1EJ

REGISTERED NUMBER:

09325276 (England and Wales)

ACCOUNTANTS:

Lewis's Chartered Certified Accountants

Windsor House

44 High Road

Balby

Doncaster

DN4 0PL

FIXED ASSETS

Tangible assets

4

23,386

62,471

Investment property

5

884,843

726,909

908,229

789,380

CURRENT ASSETS

Debtors

6

83,116

129,617

Cash at bank

83,275

137,629

166,391

267,246

CREDITORS

Amounts falling due within one year

7

68,507

34,923

NET CURRENT ASSETS

97,884

232,323

TOTAL ASSETS LESS CURRENT LIABILITIES

1,006,113

1,021,703

CREDITORS

Amounts falling due after more than one year

8

625,416

820,153

NET ASSETS

380,697

201,550

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

380,597

201,450

SHAREHOLDERS' FUNDS

380,697

201,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 5 June 2020 and were signed by:

G P Baxter - Director

1.	STATUTORY INFORMATION

Muneris Product By Design Ltd 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.	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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

113,676

Additions

12,089

Disposals

(80,560

)

At 30 November 2019

45,205

DEPRECIATION

At 1 December 2018

51,205

Charge for year

6,358

Eliminated on disposal

(35,744

)

At 30 November 2019

21,819

NET BOOK VALUE

At 30 November 2019

23,386

At 30 November 2018

62,471

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2018

726,909

Additions

157,934

At 30 November 2019

884,843

NET BOOK VALUE

At 30 November 2019

884,843

At 30 November 2018

726,909

6.

DEBTORS

30.11.19

30.11.18

£

£

Amounts falling due within one year:

Trade debtors

46,020

4,440

Other debtors

37,096

120,521

83,116

124,961

Amounts falling due after more than one year:

Other debtors

-

4,656

Aggregate amounts

83,116

129,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

605

5,073

Taxation and social security

63,342

26,562

Other creditors

4,560

3,288

68,507

34,923

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.19

30.11.18

£

£

Other creditors

625,416

820,153

9.	RELATED PARTY DISCLOSURES

SPL Components Ltd

A company controlled by Mr. G.P. Baxter.

2019

£

Sales

176,388

Balance included in trade debtors

46,440

Loan

3,957

Lighting Innovations Ltd

A company in which Mr G P Baxter is a significant shareholder

2019

£

Sales

3,300

Sycamore Lighting Ltd

A company in which Mr G P Baxter is the Managing Director

2019

£

Sales

45,700

Balance included in trade debtors

240