Accounts Submission

Accounts Submission

MANSFIELD BUCHANAN LTD - Company Information

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MANSFIELD BUCHANAN LTD

Company Registration Number:
05275054 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 December 2015

End date: 30 November 2016

MANSFIELD BUCHANAN LTD

Abbreviated Balance sheet

As at 30 November 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 4,307 5,743
Total fixed assets: 4,307 5,743
Current assets
Debtors: 3 12,789 19,017
Cash at bank and in hand: 67,825 46,272
Total current assets: 80,614 65,289
Creditors: amounts falling due within one year: 4 ( 12,370 ) ( 7,516 )
Net current assets (liabilities): 68,244 57,773
Total assets less current liabilities: 72,551 63,516
Total net assets (liabilities): 72,551 63,516

The notes form part of these financial statements

MANSFIELD BUCHANAN LTD

Balance sheet continued

As at 30 November 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 5 1,200 1,200
Profit and loss account: 71,351 62,316
Shareholders funds: 72,551 63,516

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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 20 August 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Annalise Elizabeth Cowley
Status: Director

Name: Vanessa Ann Girvan
Status: Director

The notes form part of these financial statements

MANSFIELD BUCHANAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2015)

    Turnover policy

    Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are stated at cost less depreciation. Depreciation is calculated to write off the cost of the fixed asset, less their estimated residual value, over their expected useful lives on the following basis:
    Motor vehicles - 25% reducing balance
    Office equipment - 25% straight line
    Computer equipment - 25% straight line

MANSFIELD BUCHANAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 2. Tangible assets

    Total
    Cost £
    01 December 2015: 26,950
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    30 November 2016: 26,950
    Depreciation
    01 December 2015: 21,207
    Charge for year: 1,436
    On disposals: 0
    Other adjustments: 0
    30 November 2016: 22,643
    Net book value
    30 November 2016: 4,307
    30 November 2015: 5,743

MANSFIELD BUCHANAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 12,789 18,513
    Prepayments and accrued income: 504
    Total: 12,789 19,017

MANSFIELD BUCHANAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Trade creditors: 950 3,814
    Taxation and social security: 5,178 1,578
    Accruals and deferred income: 100 100
    Other creditors: 6,142 2,024
    Total: 12,370 7,516

MANSFIELD BUCHANAN LTD

Notes to the Abbreviated Accounts

for the Period Ended 30 November 2016

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,200 1.00 1,200
    Preference shares: 0
    Total share capital (£): 1,200
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1,200 1.00 1,200
    Preference shares: 0
    Total share capital (£): 1,200