Mann Global Trading Company Ltd,Ltd - AccountsLtd - Accounts

Mann Global Trading Company Ltd,Ltd - AccountsLtd - Accounts

MANN GLOBAL TRADING COMPANY LTD - Company Information

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2019-06-01 07834201 2020-05-31 07834201 2019-06-01 2020-05-31 07834201 2019-05-31 07834201 2018-06-01 2019-05-31 07834201 uk-core:WithinOneYear 2019-05-31 07834201 uk-core:WithinOneYear 2020-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2020-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2019-05-31 07834201 uk-bus:Director1 2019-06-01 2020-05-31 07834201 uk-core:AdditionsToInvestments 2020-05-31 07834201 uk-core:AdditionsToInvestments uk-core:Non-currentFinancialInstruments 2020-05-31 07834201 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2020-05-31 07834201 uk-core:CostValuation 2020-05-31 07834201 uk-core:Non-currentFinancialInstruments 2020-05-31 07834201 uk-core:AfterOneYear 2020-05-31 07834201 uk-core:AfterOneYear 2019-05-31 07834201 uk-core:WithinOneYear 2020-05-31 07834201 uk-core:WithinOneYear 2019-05-31 iso4217:GBP xbrli:pure 07834201 uk-bus:AuditExemptWithAccountantsReport 2019-06-01 2020-05-31 07834201 uk-bus:FRS102 2019-06-01 2020-05-31 07834201 uk-bus:FullAccounts 2019-06-01 2020-05-31 07834201 uk-bus:PrivateLimitedCompanyLtd 2019-06-01 2020-05-31
Mann Global Trading Company Ltd
Registered Number:07834201
For the year ended 31 May 2020
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2020
Mann Global Trading Company Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07834201
As at 31 May 2020
Mann Global Trading Company Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Financial assets
-
(50,000)
2
(50,000)
-
Current assets
Inventories
45,000
25,000
3
Trade and other receivables
11,658
11,000
4
100
Cash and cash equivalents
76,568
112,568
56,758
Trade and other payables: amounts falling due within one
year
(26,746)
(29,883)
5
30,012
82,685
Net current assets
Total assets less current liabilities
32,685
30,012
32,685
Net assets
30,012
Capital and reserves
Retained earnings
32,685
30,012
32,685
30,012
Shareholders' funds
For the year ended 31 May 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Gurnam Singh Director
These financial statements were approved and authorised for issue by the Board on 28 January 2021 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2020
Mann Global Trading Company Ltd
Notes to the Financial Statements
Statutory Information
Mann Global Trading Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07834201.
Registered address:
Mann Global Trading Ltd
19 Hollowood Ave
Littleover
Derby
DE23 6JD
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Investments held as fixed assets
Loans to Group and participating interests
Total
Cost
£
£
(50,000)
(50,000)
Additions
At 31 May 2020
(50,000)
(50,000)
At 31 May 2020
Net book value
(50,000)
(50,000)
2 of 3
5
For the year ended 31 May 2020
Mann Global Trading Company Ltd
Notes to the Financial Statements Continued
3. Inventories
2019
2020
£
£
Stocks
25,000
45,000
4. Trade and other receivables
2019
2020
£
£
Other debtors
11,000
11,658
The debtors above include the following amounts falling due after more than one year:
Other debtors
11,000
11,000
5. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Bank loans and overdraft
-
4,563
Trade creditors
5,000
15,000
Taxation and social security
1,565
1,704
Other creditors
23,318
5,479
29,883
26,746
6. Average number of persons employed
During the year the average number of employees was 8 (2019 : 8)
3 of 3