Manku Bros Ltd - Accounts

	Your Ref:	687/94178/16331
	Our Ref: ABA/M166/SH
	HM Inspector of Taxes
	Staffordshire Area
	Blackburn House
	Old Hall Street Hanley
	Stoke On Trent ST1 3DF
	26 June 2014
	Dear Sirs
	MANKU BROS LTD
	We enclose form CT 600 together with accounts for the Year Ended
	31st January 2014 and with regards thereto:
2.	Director's Loan Account
	Private payments			934	Balance B/Fwd			19,173
	Balance C/Fwd			22,685	Mileage allowance			4,446
				23,619				23,619
3.	Director's Loan Account
	Private payments			16,055	Balance B/Fwd			16,055
	Balance C/Fwd			0
				16,055				16,055
	Yours Faithfully
	ABACUS BUSINESS ADVISORS LTD

Registered number

07924957

Manku Bros Ltd

Report and Accounts

31 January 2014

Manku Bros Ltd
Report and accounts
Contents
Page
Directors' report	1
Accountants' report	2
Profit and loss account	3
Balance sheet	4
Notes to the accounts	5

Manku Bros Ltd
Registered number:			07924957
Directors' Report
The directors present their report and accounts for the year ended 31 January 2014.
Principal activities
The company's principal activity during the year continued to be a supplier of wholesale building materials and boilers.
Directors
The following persons served as directors during the year:
	Mr Jaswinder Singh Manku
	Mr Amardeep Singh Manku
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 26 June 2014 and signed on its behalf.
Mr J S Manku
Director

Manku Bros Ltd

Report to the directors on the preparation of the unaudited statutory accounts of Manku Bros Ltd for the year ended 31 January 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Manku Bros Ltd for the year ended 31 January 2014 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/

Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Abacus Business Advisors Ltd

Chartered Certified Accountants

9 Norville Terrace

Headingley Lane

Leeds

LS6 1BS

26 June 2014

Manku Bros Ltd
Profit and Loss Account
for the year ended 31 January 2014
Notes						2014		2013
£							£
Turnover						1,945,457		764,000
Cost of sales						(1,749,089)		(675,680)
Gross profit						196,368		88,320
Administrative expenses						(169,121)		(70,711)
Operating profit				2		27,247		17,609
Interest receivable						9		30
Interest payable				3		(1,881)		(464)
Profit on ordinary activities before taxation						25,375		17,175
Tax on profit on ordinary activities				4		(4,036)		(3,026)
Profit for the financial year						21,339		14,149

Manku Bros Ltd
Balance Sheet
as at 31 January 2014
Notes				2014			2013
£					£
Fixed assets
Tangible assets	5			54,886			23,026
Current assets
Stocks			43,900			48,500
Debtors	6		1,326			1,291
Cash at bank and in hand			23,274			55,368
			68,500			105,159
Creditors: amounts falling due within one year	7		(110,942)			(105,315)
Net current liabilities				(42,442)			(156)
Total assets less current liabilities				12,444			22,870
Creditors: amounts falling due after more than one year	8			(33,056)			(8,621)
Net (liabilities)/assets				(20,612)			14,249
Capital and reserves
Called up share capital	9			100			100
Profit and loss account	10			(20,712)			14,149
Shareholders' funds				(20,612)			14,249
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr J S Manku
Director
Approved by the board on 26 June 2014

Manku Bros Ltd
Notes to the Accounts
for the year ended 31 January 2014
1	Accounting policies
	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
	Plant and machinery			20% reducing balance
	Motor vehicles			20% reducing balance
	Stocks
	Stock is valued at the lower of cost and net realisable value.
	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2	Operating profit					2014		2013
£							£
	This is stated after charging:
	Depreciation of owned fixed assets					13,721		5,757
	Directors' remuneration					-		7,000
3	Interest payable					2014		2013
£							£
	Interest payable					1,881		464
4	Taxation					2014		2013
£							£
	UK corporation tax					4,036		3,026
5	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 February 2013			7,353		21,430		28,783
	Additions			14,881		30,700		45,581
	At 31 January 2014			22,234		52,130		74,364
	Depreciation
	At 1 February 2013			1,471		4,286		5,757
	Charge for the year			4,152		9,569		13,721
	At 31 January 2014			5,623		13,855		19,478
	Net book value
	At 31 January 2014			16,611		38,275		54,886
	At 31 January 2013			5,882		17,144		23,026
6	Debtors					2014		2013
£							£
	Other debtors					1,326		1,291
7	Creditors: amounts falling due within one year					2014		2013
£							£
	Trade creditors					41,245		36,454
	Corporation tax					4,037		3,026
	Other taxes and social security costs					21,064		6,668
	Other creditors					44,596		59,167
						110,942		105,315
8	Creditors: amounts falling due after one year					2014		2013
£							£
	Bank loans					33,056		8,621
9	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100
10	Profit and loss account					2014
£
	At 1 February 2013					14,149
	Profit for the year					21,339
	Dividends					(56,200)
	At 31 January 2014					(20,712)
11	Dividends					2014		2013
£							£
	Dividends for which the company became liable during the year:
	Dividends paid					56,200		-

Manku Bros Ltd
Detailed profit and loss account
for the year ended 31 January 2014
		2014		2013
£			£
Sales		1,945,457		764,000
Cost of sales		(1,749,089)		(675,680)
Gross profit		196,368		88,320
Administrative expenses		(169,121)		(70,711)
Operating profit		27,247		17,609
Interest receivable		9		30
Interest payable		(1,881)		(464)
Profit before tax		25,375		17,175

Manku Bros Ltd
Detailed profit and loss account
for the year ended 31 January 2014
		2014		2013
£			£
Sales
Sales		1,945,457		764,000
Cost of sales
Purchases		1,684,249		723,730
Decrease/(increase) in stocks		4,600		(48,500)
Subcontractor costs		60,240		450
		1,749,089		675,680
Administrative expenses
Employee costs:
	Wages and salaries	36,001		10,400
	Directors' salaries	-		7,000
	Employer's NI	1,862		-
	Staff training and welfare	1,007		572
	Travel and subsistence	6,623		-
	Motor expenses	26,299		9,786
		71,792		27,758
Premises costs:
	Rent	26,250		5,738
	Rates	8,578		7,717
	Service charges	7,449		589
	Light and heat	5,805		3,056
	Cleaning	1,854		716
		49,936		17,816
General administrative expenses:
	Telephone and fax	1,081		605
	Stationery and printing	1,278		625
	Bank charges	2,621		8
	Insurance	2,372		1,555
	Equipment hire	2,223		1,156
	Software	310		-
	Repairs and maintenance	12,990		517
	Depreciation	13,722		5,757
	Sundry expenses	4,731		3,096
		41,328		13,319
Legal and professional costs:
	Accountancy fees	1,800		1,250
	Advertising and PR	2,530		10,028
	Other legal and professional	1,735		540
		6,065		11,818
		169,121		70,711