Manvell Product Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08253101 (England and Wales)

Financial Statements for the Period 1st April 2020 to 31st August 2021

for

Manvell Product Design Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L T Manvell

M Lekszycki

REGISTERED OFFICE:

1-3 Manor Road

Chatham

Kent

ME4 6AE

REGISTERED NUMBER:

08253101 (England and Wales)

ACCOUNTANTS:

Beak Kemmenoe

Chartered Accountants

1-3 Manor Road

Chatham

Kent

ME4 6AE

FIXED ASSETS

Tangible assets

4

2,436

3,773

CURRENT ASSETS

Debtors

5

349

4,047

Cash at bank

27

-

376

4,047

CREDITORS

Amounts falling due within one year

6

2,924

26,047

NET CURRENT LIABILITIES

(2,548

)

(22,000

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(112

)

(18,227

)

PROVISIONS FOR LIABILITIES

463

-

NET LIABILITIES

(575

)

(18,227

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(675

)

(18,327

)

SHAREHOLDERS' FUNDS

(575

)

(18,227

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st August 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 31st August 2022 and were signed on its behalf by:

M Lekszycki - Director

1.	STATUTORY INFORMATION

Manvell Product Design 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

The turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of VAT.

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

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the period 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 period 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.

Going concern

The results of the company have improved since the year end and as such the directors consider that the company is a going concern. Due to this the accounts have been drawn up on that basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st April 2020

and 31st August 2021

5,102

10,943

16,045

DEPRECIATION

At 1st April 2020

3,041

9,231

12,272

Charge for period

730

607

1,337

At 31st August 2021

3,771

9,838

13,609

NET BOOK VALUE

At 31st August 2021

1,331

1,105

2,436

At 31st March 2020

2,061

1,712

3,773

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors and prepayments

349

4,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

9,627

Trade creditors

-

7,300

Other creditors and accruals

2,924

9,120

2,924

26,047