Mantaleda Bathroom Company Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03257914 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Mantaleda Bathroom Company Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

137,712

131,913

CURRENT ASSETS

Stocks

14,201

10,138

Debtors

93,127

75,768

Cash at bank

104,333

77,621

211,661

163,527

CREDITORS

Amounts falling due within one year

79,803

52,980

NET CURRENT ASSETS

131,858

110,547

TOTAL ASSETS LESS CURRENT LIABILITIES

269,570

242,460

PROVISIONS FOR LIABILITIES

4,792

3,173

NET ASSETS

264,778

239,287

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

264,776

239,285

SHAREHOLDERS' FUNDS

264,778

239,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 October 2015 and were signed on its behalf by:

A J Beauchamp - Director

P J Britton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost on buildings

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account 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

the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

191,218

Additions

12,104

At 31 August 2015

203,322

DEPRECIATION

At 1 September 2014

59,305

Charge for year

6,305

At 31 August 2015

65,610

NET BOOK VALUE

At 31 August 2015

137,712

At 31 August 2014

131,913

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

1.00

2

2