Manex (UK) Ltd Small abbreviated accounts

MANEX (UK) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER 03611297

MANEX (UK) LTD

ABBREVIATED ACCOUNTS

31 October 2016

MANEX (UK) LTD

ABBREVIATED BALANCE SHEET

31 October 2016

		2016		2015
Note		£	£	£
FIXED ASSETS	2
Tangible assets			793	843
			----	----

CURRENT ASSETS

Debtors	56,846		25,213
Cash at bank and in hand	32,308		41,516
	---------		---------
	89,154		66,729
CREDITORS: Amounts falling due within one year	41,063		37,227
	---------		---------
NET CURRENT ASSETS		48,091	29,502
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		48,884	30,345
		---------	---------

CAPITAL AND RESERVES

Called up equity share capital	3	332	331
Other reserves		77	77
Profit and loss account		48,475	29,937
		---------	---------
SHAREHOLDERS' FUNDS		48,884	30,345
		---------	---------

For the year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 18 May 2017 , and are signed on their behalf by:

Mrs S Duggan Mr J Stemp

Mrs K Stemp

Company Registration Number: 03611297

MANEX (UK) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

YEAR ENDED 31 OCTOBER 2016

1. ACCOUNTING POLICIES

Basis of accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery-25% reducing balance

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2. FIXED ASSETS

	Tangible Assets
	£

COST

At 1 November 2015	21,828
Additions	215
	---------
At 31 October 2016	22,043
	---------

DEPRECIATION

At 1 November 2015	20,985
Charge for year	265
	---------
At 31 October 2016	21,250
	---------

NET BOOK VALUE

At 31 October 2016	793
	----

At 31 October 2015	843
	----

3. SHARE CAPITAL

Authorised share capital:

	2016	2015
	£	£
892 Ordinary shares of £ 1 each	892	892
100 Ordinary A shares of £ 1 each	100	100
4 Ordinary B shares of £ 1 each	4	4
1 Ordinary C share of £ 1 each	1	1
1 Ordinary D share of £ 1 each	1	1

1 Ordinary E shares of £1 each	1	1
1 Ordinary F shares of £1 each	1	1
1 Ordinary G shares of £1 each	1	-
	-------	-------
	1,001	1,000
	-------	-------

Allotted, called up and fully paid:

	2016		2015
	No.	£	No.	£
Ordinary shares of £ 1 each	225	225	225	225
Ordinary A shares of £ 1 each	100	100	100	100
Ordinary B shares of £ 1 each	3	3	3	3

Ordinary C shares of £ 1 each	1	1	1	1
Ordinary D shares of £ 1 each	1	1	1	1
Ordinary E shares of £1 each	1	1	1	1
Ordinary G shares of £1 each	1	1	-	-
	----	----	----	----
	332	332	331	331
	----	----	----	----