Mantaleda Bathroom Company Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03257914 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2016

for

Mantaleda Bathroom Company Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

157,387

137,712

CURRENT ASSETS

Stocks

12,907

14,201

Debtors

108,536

93,127

Cash at bank

136,000

104,333

257,443

211,661

CREDITORS

Amounts falling due within one year

103,898

79,803

NET CURRENT ASSETS

153,545

131,858

TOTAL ASSETS LESS CURRENT
LIABILITIES

310,932

269,570

PROVISIONS FOR LIABILITIES

9,174

4,792

NET ASSETS

301,758

264,778

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

301,756

264,776

SHAREHOLDERS' FUNDS

301,758

264,778

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 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 26 October 2016 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 January 2015).

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 2015

203,322

Additions

26,987

At 31 August 2016

230,309

DEPRECIATION

At 1 September 2015

65,610

Charge for year

7,312

At 31 August 2016

72,922

NET BOOK VALUE

At 31 August 2016

157,387

At 31 August 2015

137,712

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1.00

2