Mantis Insight Limited - Period Ending 2016-11-30

Registration number: 08792582

Mantis Insight Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Capys Limited
7 Molyneux Street
London
London
W1H 5HP

Mantis Insight Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mantis Insight Limited
for the Year Ended 30 November 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mantis Insight Limited for the year ended 30 November 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Mantis Insight Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mantis Insight Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mantis Insight Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mantis Insight Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mantis Insight Limited. You consider that Mantis Insight Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mantis Insight Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Capys Limited
7 Molyneux Street
London
London
W1H 5HP

9 August 2017

Page 1

Mantis Insight Limited
(Registration number: 08792582)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					1,206			1,737
Current assets
Debtors					46,223			565
Cash at bank and in hand					57,939			58,755
					104,162			59,320
Creditors: Amounts falling due within one year					(39,104)			(24,876)
Net current assets					65,058			34,444
Total assets less current liabilities					66,264			36,181
Provisions for liabilities					-			(321)
Net assets					66,264			35,860
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					66,263			35,859
Shareholders' funds					66,264			35,860

For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

Approved by the director on 9 August 2017

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Mantis Insight Limited
(Registration number: 08792582)
Abbreviated Balance Sheet at 30 November 2016
......... continued

.........................................
Sophie Giles
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Mantis Insight Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	Straight line 25%

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

Mantis Insight Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		2,506			2,506
At 30 November 2016		2,506			2,506
Depreciation
At 1 December 2015		769			769
Charge for the year		531			531
At 30 November 2016		1,300			1,300
Net book value
At 30 November 2016		1,206			1,206
At 30 November 2015		1,737			1,737

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 5