Mann Global Trading Company Ltd,Ltd - Accounts

Mann Global Trading Company Ltd,Ltd - Accounts

MANN GLOBAL TRADING COMPANY LTD - Company Information

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2015-06-01 07834201 2016-05-31 07834201 2015-06-01 2016-05-31 07834201 uk-bus:RegisteredOffice 2015-06-01 2016-05-31 07834201 uk-bus:Director1 2015-06-01 2016-05-31 07834201 uk-bus:Director1 2016-05-31 07834201 2015-05-31 07834201 2014-06-01 2015-05-31 07834201 uk-core:WithinOneYear 2015-05-31 07834201 uk-core:WithinOneYear 2016-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2016-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2015-05-31 07834201 uk-core:AfterOneYear 2016-05-31 07834201 uk-core:AfterOneYear 2015-05-31 iso4217:GBP 07834201 uk-bus:AuditExemptWithAccountantsReport 2015-06-01 2016-05-31 07834201 uk-bus:FRS102 2015-06-01 2016-05-31 07834201 uk-bus:FullAccounts 2015-06-01 2016-05-31 07834201 uk-bus:PrivateLimitedCompanyLtd 2015-06-01 2016-05-31
Mann Global Trading Company Ltd
Registered Number:07834201
For the year ended 31 May 2016
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountant's Report
4
Income Statement
5
Statement of Financial Position
6 to 7
Notes to the Financial Statements
3
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Company Information
Mr Gurnam Singh
Director
07834201
Registered Number
Mann Global Trading Ltd
Registered Office
19 Hollowood Ave
Littleover
Derby
DE23 6JD
Chaddesden Accountants Ltd
Accountant
The Old Church
42a Reginald Road South
Chaddesden
Derby
DE21 6NF
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4
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Director's Report
The director presents his report and accounts for the year ended 31 May 2016.
Principal activities
The principal activity of the company continued to be that of information, support and delivery of courses and qualifications for traditional building skills.
Director
The director who served the company throughout the year was as follows:
Mr Gurnam Singh
Mr Gurnam Singh
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
01 February 2017
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5
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Independent Accountant's Report
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 May 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to
fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Chaddesden Accountants Ltd
The Old Church
42a Reginald Road South
Chaddesden
Derby
DE21 6NF
Date:
01 February 2017
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6
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Income Statement
2015
£
2016
£
Turnover
499,016
483,840
(366,096)
Cost of sales
(354,897)
117,744
Gross profit
144,119
Administrative expenses
(133,709)
(97,596)
Operating profit
10,410
20,148
10,410
20,148
Profit before taxation
(2,082)
(2,894)
Taxation
8,328
Profit for the financial year
17,254
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7
As at 31 May 2016
Mann Global Trading Company Ltd
Statement of Financial Position
Registered Number :
07834201
£
£
2015
2016
Notes
Current assets
Inventories
25,000
30,000
Trade and other receivables
21,780
11,577
2
1,255
Cash and cash equivalents
1,255
42,832
48,035
Trade and other payables: amounts falling due within one
year
(36,458)
(22,927)
3
11,577
19,905
Net current assets
Total assets less current liabilities
19,905
11,577
19,905
Net assets
11,577
Capital and reserves
Retained earnings
19,905
11,577
19,905
11,577
Shareholders' funds
For the year ended 31 May 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 May 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.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Gurnam Singh
These financial statements were approved and authorised for issue by the Board on 01 February 2017 and were signed by:
The notes form part of these financial statements
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8
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Notes to the Financial Statements
Statutory Information
Mann Global Trading Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07834201.
Registered address:
Mann Global Trading Ltd
19 Hollowood Ave
Littleover
Derby
DE23 6JD
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.
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Trade and other receivables
2015
2016
£
£
Other debtors
11,577
21,780
The debtors above include the following amounts falling due after more than one year:
Other debtors
11,000
11,000
3. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
15,000
20,959
Taxation and social security
2,082
2,894
Other creditors
5,845
12,605
22,927
36,458
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9
For the year ended 31 May 2016
Mann Global Trading Company Ltd
Notes to the Financial Statements Continued
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