Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

MANLEY SUMMERS LIMITED - Company Information

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01959035falsean employment agency2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2015-03-31http://www.companieshouse.gov.uk/cd:Director12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2016-03-31http://www.companieshouse.gov.uk/cd:Director22015-04-012016-03-31http://www.companieshouse.gov.uk/cd:Director32015-04-012016-03-31http://www.companieshouse.gov.uk/cd:Director42015-04-012016-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-04-012016-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2015-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2015-04-012016-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-04-012016-03-31http://www.companieshouse.gov.uk/2015-03-31http://www.companieshouse.gov.uk/cd:FRS1022015-04-012016-03-31http://www.companieshouse.gov.uk/2016-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2015-04-012016-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2015-04-012016-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 01959035
Manley Summers Limited
REDUCED ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
Prepared By:
Candour Accounts Limited
Accountants and Taxation Advisors
Spalding Business Centre
Church Street
Spalding
Lincolnshire
PE11 2PB
Manley Summers Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
DIRECTORS
Mr S Maddock
Mrs F Manley
Mr R Broderick (resigned 03/01/2016)
Mr M Butcher (appointed 03/01/2016)
SECRETARY
Mr S Maddock
REGISTERED OFFICE
Axe & Bottle Court
70 Newcomen Street
London
SE1 1YT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01959035
ACCOUNTANTS
Candour Accounts Limited
Accountants and Taxation Advisors
Spalding Business Centre
Church Street
Spalding
Lincolnshire
PE11 2PB
Manley Summers Limited
ACCOUNTS
FOR THEYEARENDED31/03/2016
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Manley Summers Limited
BALANCE SHEET AT 31/03/2016
20162015
Notes££
FIXED ASSETS
Intangible assets212,00018,000
Tangible assets33,1931,996
15,19319,996
CURRENT ASSETS
Debtors4298,910346,306
Cash at bank and in hand230,09235,374
529,002381,680
CREDITORS: Amounts falling due within one year5343,469250,667
NET CURRENT ASSETS185,533131,013
TOTAL ASSETS LESS CURRENT LIABILITIES200,726151,009
PROVISIONS FOR LIABILITIES AND CHARGES7639399
NET ASSETS200,087150,610
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account199,987150,510
SHAREHOLDERS' FUNDS200,087150,610
For the year ending 31/03/2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 13/10/2016 and signed on their behalf by
.............................
Mr S Maddock
Director
Manley Summers Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
1c. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1d. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2015117,500117,500
At 31/03/2016117,500117,500
Depreciation
At 01/04/201599,50099,500
For the year6,0006,000
At 31/03/2016105,500105,500
Net Book Amounts
At 31/03/201612,00012,000
At 31/03/201518,00018,000
Manley Summers Limited
3. TANGIBLE FIXED ASSETS
Plant and
MachineryTotal
££
Cost
At 01/04/201521,12021,120
Additions2,2622,262
At 31/03/201623,38223,382
Depreciation
At 01/04/201519,12419,124
For the year1,0651,065
At 31/03/201620,18920,189
Net Book Amounts
At 31/03/20163,1933,193
At 31/03/20151,9961,996
4. DEBTORS 20162015
££
Amounts falling due within one year
Trade debtors277,970346,306
Other debtors11,920-
Prepayments2,539-
Directors current account - Mr M Butcher6,481-
298,910346,306
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20162015
££
UK corporation tax52,35828,250
VAT49,60820,880
PAYE control8,0907,565
Salaries and wages control58,32053,403
Directors current account - Mr S Maddock42310,023
Directors current account - Mrs F Manley400-
Bank loans and overdrafts2,011-
Trade creditors6316,057
Other creditors713994
Pension schemes308297
Accruals11,407-
Amounts due to group companies159,200123,198
343,469250,667
Manley Summers Limited
6. EMPLOYEES
20162015
No.No.
Average number of employees2625
7. PROVISIONS FOR LIABILITIES 20162015
££
Deferred taxation639399
639399
8. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
200 Ordinary shares of £0.50 each100100
100100
9. CONTROLLING PARTY
Mr S Maddock and Mrs F Manley werre directors and majority shareholders of the company throughout the financial year.