Mushroom Man.Co.Uk Limited - Abbreviated accounts 16.3

Mushroom Man.Co.Uk Limited - Abbreviated accounts 16.3

MUSHROOM MAN.CO.UK LIMITED - Company Information

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REGISTERED NUMBER: 04553607







Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

MUSHROOM MAN.CO.UK LIMITED

MUSHROOM MAN.CO.UK LIMITED (REGISTERED NUMBER: 04553607)






Contents of the Abbreviated Accounts
for the Year Ended 31 October 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

MUSHROOM MAN.CO.UK LIMITED

Company Information
for the Year Ended 31 October 2016







DIRECTOR: M J Hyams





SECRETARY:





REGISTERED OFFICE: 320 Garratt Lane
London
SW18 4EJ





REGISTERED NUMBER: 04553607





ACCOUNTANTS: Franklin, Chartered Accountants
320 Garratt Lane
Earlsfield
London
SW18 4EJ
Page 1
MUSHROOM MAN.CO.UK LIMITED (REGISTERED NUMBER: 04553607)

Abbreviated Balance Sheet
31 October 2016

31/10/16 31/10/15
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 324 310

CURRENT ASSETS
Stocks 42,771 45,191
Debtors 1,083,172 1,148,150
Cash at bank 97,304 58,419
1,223,247 1,251,760
CREDITORS
Amounts falling due within one year 430,126 479,828
NET CURRENT ASSETS 793,121 771,932
TOTAL ASSETS LESS CURRENT
LIABILITIES
793,445
772,242

CAPITAL AND RESERVES
Called up share capital 3 1,000 1,000
Profit and loss account 792,445 771,242
SHAREHOLDERS' FUNDS 793,445 772,242

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 April 2017 and were signed by:





M J Hyams - Director


The notes form part of these abbreviated accounts

Page 2
MUSHROOM MAN.CO.UK LIMITED (REGISTERED NUMBER: 04553607)

Notes to the Abbreviated Accounts
for the Year Ended 31 October 2016

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.

Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2015 17,047
Additions 175
At 31 October 2016 17,222
DEPRECIATION
At 1 November 2015 16,737
Charge for year 161
At 31 October 2016 16,898
NET BOOK VALUE
At 31 October 2016 324
At 31 October 2015 310

Page 3 continued...
MUSHROOM MAN.CO.UK LIMITED (REGISTERED NUMBER: 04553607)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 October 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/16 31/10/15
value: as restated
£    £   
1,000 Ordinary 1 1,000 1,000

4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2016 and
31 October 2015:

31/10/16 31/10/15
as restated
£    £   
P A Dean
Balance outstanding at start of year 459,974 459,974
Amounts repaid - -
Balance outstanding at end of year - 459,974

Mr P A Dean died on the 13 August 2013, as at the company's year end date 31 October 2013 the outstanding
loan of £459,974 was incorporated into the Estate of Mr P A Dean.

5. RELATED PARTY DISCLOSURES

During the year, Mr Hyams, a director, provided consultancy services to the company. The total value of the
consultancy services provided was £260,000 (2015 £390,000). The transactions were conducted on an arms
length basis, and under normal commercial terms. At the year end, and amount of £nil (2014 £nil) was
outstanding.

Page 4