MNA Enterprises LTD - Filleted accounts

MNA Enterprises LTD - Filleted accounts

MNA ENTERPRISES LIMITED - Company Information

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Registered number
08171706
MNA Enterprises LTD
Filleted Accounts
31 January 2020
MNA Enterprises LTD
Registered number: 08171706
Balance Sheet
as at 31 January 2020
Notes 2020 2019
£ £
Fixed assets
Tangible assets 3 462 577
Current assets
Debtors 4 8,266 5,250
Cash at bank and in hand 8,775 9,886
17,041 15,136
Creditors: amounts falling due within one year 5 (1,361) (1,412)
Net current assets 15,680 13,724
Net assets 16,142 14,301
Capital and reserves
Called up share capital 2 2
Profit and loss account 16,140 14,299
Shareholders' funds 16,142 14,301
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M Munir
Director
Approved by the board on 6 November 2020
MNA Enterprises LTD
Notes to the Accounts
for the year ended 31 January 2020
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2020 2019
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2019 2,200
At 31 January 2020 2,200
Depreciation
At 1 February 2019 1,623
Charge for the year 115
At 31 January 2020 1,738
Net book value
At 31 January 2020 462
At 31 January 2019 577
4 Debtors 2020 2019
£ £
Trade debtors 8,266 5,250
5 Creditors: amounts falling due within one year 2020 2019
£ £
Corporation tax 425 477
Other taxes and social security costs 266 256
Other creditors 670 679
1,361 1,412
6 Controlling party
The company is controlled by the directors who owns 100% of the called up share capital.
7 Other information
MNA Enterprises LTD is a private company limited by shares and incorporated in England. Its registered office is:
242 Wednesbury Road
Walsall
West Midlands
WS2 9QN
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