Manchester Van Sales Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04927206 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2021

for

Manchester Van Sales Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs G Miller

C B Miller

B Miller

SECRETARY:

Mrs G Miller

REGISTERED OFFICE:

Chain Bar Mill

Moston Lane

Moston

Greater Manchester

M40 5RT

REGISTERED NUMBER:

04927206 (England and Wales)

FIXED ASSETS

Tangible assets

4

102,697

109,701

CURRENT ASSETS

Stocks

1,356,474

1,038,862

Debtors

5

33,387

(25,356

)

Cash at bank and in hand

182,293

105,881

1,572,154

1,119,387

CREDITORS

Amounts falling due within one year

6

1,261,101

1,036,119

NET CURRENT ASSETS

311,053

83,268

TOTAL ASSETS LESS CURRENT LIABILITIES

413,750

192,969

CAPITAL AND RESERVES

Called up share capital

350

100

Retained earnings

413,400

192,869

413,750

192,969

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 June 2022 and were signed on its behalf by:

C B Miller - Director

1.	STATUTORY INFORMATION

Manchester Van Sales 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.

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.

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.

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 3 (2020 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2020

141,509

Additions

18,670

At 31 October 2021

160,179

DEPRECIATION

At 1 November 2020

31,808

Charge for year

25,674

At 31 October 2021

57,482

NET BOOK VALUE

At 31 October 2021

102,697

At 31 October 2020

109,701

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Trade debtors

33,387

(27,086

)

Other debtors

-

1,730

33,387

(25,356

)

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.21

31.10.20

£

£

Bank loans and overdrafts

326,381

383,477

Trade creditors

688,073

527,325

Taxation and social security

100,858

30,105

Other creditors

145,789

95,212

1,261,101

1,036,119