Mango Growth Ltd 31/01/2023 iXBRL

Mango Growth Ltd 31/01/2023 iXBRL

MANGO GROWTH LTD - Company Information

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1 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11759789 2022-02-01 2023-01-31 11759789 2023-01-31 11759789 2022-01-31 11759789 2021-02-01 2022-01-31 11759789 2022-01-31 11759789 core:PlantMachinery 2022-02-01 2023-01-31 11759789 bus:Director1 2022-02-01 2023-01-31 11759789 core:PlantMachinery 2022-01-31 11759789 core:WithinOneYear 2023-01-31 11759789 core:WithinOneYear 2022-01-31 11759789 core:ShareCapital 2023-01-31 11759789 core:ShareCapital 2022-01-31 11759789 core:RetainedEarningsAccumulatedLosses 2023-01-31 11759789 core:RetainedEarningsAccumulatedLosses 2022-01-31 11759789 core:PlantMachinery 2022-01-31 11759789 bus:SmallEntities 2022-02-01 2023-01-31 11759789 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 11759789 bus:FullAccounts 2022-02-01 2023-01-31 11759789 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 11759789 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31
Company registration number: 11759789
Mango Growth Ltd
Unaudited filleted financial statements
31 January 2023
To Cessation
Mango Growth Ltd
Contents
Statement of financial position
Notes to the financial statements
Mango Growth Ltd
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 - 306
_______ _______
- 306
Current assets
Debtors 6 2,056 2,376
Cash at bank and in hand 21,422 31,992
_______ _______
23,478 34,368
Creditors: amounts falling due
within one year 7 ( 20,970) ( 23,096)
_______ _______
Net current assets 2,508 11,272
_______ _______
Total assets less current liabilities 2,508 11,578
Provisions for liabilities - ( 58)
_______ _______
Net assets 2,508 11,520
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 2,507 11,519
_______ _______
Shareholders funds 2,508 11,520
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 19 April 2023 , and are signed on behalf of the board by:
Ms Penelope Coulthard
Director
Company registration number: 11759789
Mango Growth Ltd
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 40 St. James Road, Ilkley, West Yorkshire, LS29 9PY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for the services rendered, net of discounts and Value Added Tax.Revenue from the provision of services is recognised in the period in which the services are provided when all of the following conditions are satisfied; the amount of revenue can be measured reliably; it is probable that the economic benefits associated with the transaction will flow to the entity; the stage of completion of the transaction at the end of the reporting period can be measured reliably and the costs incurred and costs to complete the transaction can be measured reliably.
Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.Tax deferred or accelerated is accounted for in respect of all material timing differences, in particular accelerated capital allowances and revaluation gains on investment properties. All deferred tax is charged/(credited) to the Statement of Income and Retained Earnings.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly, Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in a settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.
Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, bank loans and directors' loans.Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery Total
£ £
Cost
At 1 February 2022 499 499
Disposals ( 499) ( 499)
_______ _______
At 31 January 2023 - -
_______ _______
Depreciation
At 1 February 2022 193 193
Charge for the year 46 46
Disposals ( 239) ( 239)
_______ _______
At 31 January 2023 - -
_______ _______
Carrying amount
At 31 January 2023 - -
_______ _______
At 31 January 2022 306 306
_______ _______
6. Debtors
2023 2022
£ £
Trade debtors - 2,080
Other debtors 2,056 296
_______ _______
2,056 2,376
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax - 2,211
Other creditors 20,970 20,885
_______ _______
20,970 23,096
_______ _______