Manor Ground Services (NI) Ltd,Ltd - Accounts

Manor Ground Services (NI) Ltd,Ltd - Accounts

MANOR GROUND SERVICES (NI) LIMITED - Company Information

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2015-04-01 NI611791 2016-03-31 NI611791 2015-04-01 2016-03-31 NI611791 2015-03-31 NI611791 2014-04-01 2015-03-31 NI611791 uk-core:WithinOneYear 2015-03-31 NI611791 uk-core:WithinOneYear 2016-03-31 NI611791 uk-core:AfterOneYear 2015-03-31 NI611791 uk-core:AfterOneYear 2016-03-31 NI611791 uk-core:ShareCapital 2016-03-31 NI611791 uk-core:ShareCapital 2015-03-31 NI611791 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 NI611791 uk-core:RetainedEarningsAccumulatedLosses 2015-03-31 NI611791 uk-bus:Director1 2015-04-01 2016-03-31 NI611791 uk-core:PlantMachinery 2015-04-01 2016-03-31 NI611791 uk-core:MotorCars 2015-04-01 2016-03-31 NI611791 uk-core:MotorCars 2015-03-31 NI611791 uk-core:PlantMachinery 2015-03-31 NI611791 uk-core:PlantMachinery 2016-03-31 NI611791 uk-core:MotorCars 2016-03-31 iso4217:GBP NI611791 uk-bus:AuditExemptWithAccountantsReport 2015-04-01 2016-03-31 NI611791 uk-bus:FRS102 2015-04-01 2016-03-31 NI611791 uk-bus:FullAccounts 2015-04-01 2016-03-31 NI611791 uk-bus:PrivateLimitedCompanyLtd 2015-04-01 2016-03-31
Manor Ground Services (NI) Ltd
Registered Number:NI611791
For the year ended 31 March 2016
Northern Ireland
Unaudited Financial Statements
2
For the year ended 31 March 2016
Manor Ground Services (NI) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
As at 31 March 2016
Manor Ground Services (NI) Ltd
Statement of Financial Position
Registered Number :
NI611791
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
67,807
91,714
2
67,807
91,714
Current assets
Trade and other receivables
68,531
49,649
3
1,030
Cash and cash equivalents
27,228
76,877
69,561
Trade and other payables: amounts falling due within one year
(57,172)
(40,170)
4
12,389
36,707
Net current assets
Total assets less current liabilities
104,514
104,103
Trade and other payables: amounts falling due after more than one
year
(48,417)
(24,478)
5
80,036
Net assets
55,686
Capital and reserves
Called up share capital
10
10
Retained earnings
80,026
55,676
80,036
55,686
Shareholders' funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Martin Scullion Director
These financial statements were approved and authorised for issue by the Board on 30 December 2016 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 March 2016
Manor Ground Services (NI) Ltd
Notes to the Financial Statements
Statutory Information
Manor Ground Services (NI) Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration
number NI611791.
Registered address:
7 Manor Park
Magherafelt
BT45 6QE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Reducing balance
Motor vehicles
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
£
£
£
Cost or valuation
At 01 April 2015
125,538
24,000
101,538
At 31 March 2016
101,538
24,000
125,538
Provision for depreciation and impairment
At 01 April 2015
33,824
9,600
24,224
Charge for year
23,907
3,600
20,307
At 31 March 2016
57,731
13,200
44,531
At 31 March 2016
Net book value
57,007
10,800
67,807
At 31 March 2015
77,314
14,400
91,714
2 of 4
5
For the year ended 31 March 2016
Manor Ground Services (NI) Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Trade debtors
5,840
6,481
Taxation and social security
11,608
34,370
Other debtors
32,201
27,680
68,531
49,649
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
4,486
25,772
Taxation and social security
7,800
-
Other creditors
27,884
31,400
40,170
57,172
5. Trade and other payables: amounts falling due after more than one year
2015
2016
£
£
Other creditors
24,478
48,417
6. Related party transactions
By virtue of their being subject to common control of the board of directors, the following undertakings are deemed to be related
parties of the company as defined by Financial Reporting Standard 8 "Related Party Disclosures":
The following transactions have been undertaken with parties deemed to be related parties as defined by FRS8 'Related Party
Disclosures'.
Gary Scullion - Brother of Martin Scullion, owner and director of the company. During the year £1,900 was repaid to Gary
Scullion who had lent £5,900 to the company to assist the company on the purchase of plant and machinery. This loan appears in
Other Creditors as per Note 4. Amount due from related party: £4,000 (2015 £ 5,900).
The ultimate controlling party is Martin Scullion by virtue of his 100% shareholding.
3 of 4
6
For the year ended 31 March 2016
Manor Ground Services (NI) Ltd
Notes to the Financial Statements Continued
4 of 4