Manhattans (Barrow) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08673015 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

MANHATTANS (BARROW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J Lucas

R A Lucas

REGISTERED OFFICE:

14 Clifford Court

Cooper Way

Carlisle

CA3 0JG

REGISTERED NUMBER:

08673015 (England and Wales)

ACCOUNTANTS:

Christian Douglass Accountants Limited

Chartered Accountants

14 Clifford Court

Cooper Way

Carlisle

Cumbria

CA3 0JG

CURRENT ASSETS

Stocks

2,000

4,412

Debtors

4

132,549

72,586

Cash at bank and in hand

30,910

27,556

165,459

104,554

CREDITORS

Amounts falling due within one year

5

164,409

102,677

NET CURRENT ASSETS

1,050

1,877

TOTAL ASSETS LESS CURRENT LIABILITIES

1,050

1,877

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,049

1,876

SHAREHOLDERS' FUNDS

1,050

1,877

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 30 June 2021 and were signed on its behalf by:

R A Lucas - Director

1.	STATUTORY INFORMATION

Manhattans (Barrow) Limited is a private company, limited by shares, registered in England and Wales. The company's registration number is 08673015 and registered office address is at 14 Clifford Court, Cooper Way, Carlisle, Cumbria, CA3 0JG.

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.

Government grants

Government grants which are capital-based and for which the company has met the required conditions for payment are recognised as deferred income on receipt. Deferred income is subsequently recognised as income in the income statement on a systematic basis over the periods in which the assets, towards which the grant is intended to contribute, are depreciated. Government grants which are revenue-based are recognised as income in the income statement when any performance related conditions have been met.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 10 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Amounts owed by group undertakings

116,353

59,821

Other debtors

16,196

12,765

132,549

72,586

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.20

30.9.19

£

£

Trade creditors

32,601

41,788

Taxation and social security

18,224

24,007

Other creditors

113,584

36,882

164,409

102,677

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the directors received net loans from the company totalling £6,196 (2019: £1,000). The balance outstanding at the year end was £16,196 (2019: £10,000).