Louis Mann & Son Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00773585 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

LOUIS MANN & SON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs E W Mann

SECRETARY:

Ms S A Mann Yeager

REGISTERED OFFICE:

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

REGISTERED NUMBER:

00773585 (England and Wales)

ACCOUNTANTS:

Norton Lewis & Co.

6th Floor

Charles House

108-110 Finchley Road

London

NW3 5JJ

FIXED ASSETS

Tangible assets

4

38,163

39,666

CURRENT ASSETS

Stocks

3,100

2,650

Debtors

5

132,185

105,593

Cash at bank

79,643

97,114

214,928

205,357

CREDITORS

Amounts falling due within one year

6

88,036

104,634

NET CURRENT ASSETS

126,892

100,723

TOTAL ASSETS LESS CURRENT LIABILITIES

165,055

140,389

PROVISIONS FOR LIABILITIES

6,243

6,243

NET ASSETS

158,812

134,146

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

157,812

133,146

SHAREHOLDERS' FUNDS

158,812

134,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 28 May 2021 and were signed by:

Mrs E W Mann - Director

1.	STATUTORY INFORMATION

Louis Mann & Son 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2019 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 May 2019

51,429

329,722

16,257

Additions

-

11,215

-

At 30 April 2020

51,429

340,937

16,257

DEPRECIATION

At 1 May 2019

51,419

295,752

15,574

Charge for year

-

11,296

171

At 30 April 2020

51,419

307,048

15,745

NET BOOK VALUE

At 30 April 2020

10

33,889

512

At 30 April 2019

10

33,970

683

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2019

22,698

16,491

436,597

Additions

-

-

11,215

At 30 April 2020

22,698

16,491

447,812

DEPRECIATION

At 1 May 2019

19,495

14,691

396,931

Charge for year

801

450

12,718

At 30 April 2020

20,296

15,141

409,649

NET BOOK VALUE

At 30 April 2020

2,402

1,350

38,163

At 30 April 2019

3,203

1,800

39,666

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Trade debtors

30,862

2,862

Other debtors

101,323

102,731

132,185

105,593

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.20

30.4.19

£

£

Bank loans and overdrafts

11,072

11,072

Trade creditors

21,141

23,662

Taxation and social security

38,233

42,425

Other creditors

17,590

27,475

88,036

104,634

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2020 and 30 April 2019:

30.4.20

30.4.19

£

£

Mrs E W Mann

Balance outstanding at start of year

-

(2,220

)

Amounts advanced

67,917

56,619

Amounts repaid

(69,183

)

(54,399

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,266

)

-