Manchuna Decorators Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02881874 (England and Wales)

MANCHUNA DECORATORS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

G F Hartfield

Mrs Y M Hartfield

SECRETARY:

Mrs Y M Hartfield

REGISTERED OFFICE:

Picketts Farm Barn

Picketts Lane Salfords

Redhill

Surrey

RH1 5RG

REGISTERED NUMBER:

02881874 (England and Wales)

ACCOUNTANTS:

Tudor John LLP

Chartered Accountants

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

5

33,621

14,217

CURRENT ASSETS

Debtors

6

54,202

26,291

Cash at bank and in hand

81,531

89,257

135,733

115,548

CREDITORS

Amounts falling due within one year

7

77,364

80,054

NET CURRENT ASSETS

58,369

35,494

TOTAL ASSETS LESS CURRENT LIABILITIES

91,990

49,711

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

91,980

49,701

SHAREHOLDERS' FUNDS

91,990

49,711

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

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

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf by:

G F Hartfield - Director

1.	STATUTORY INFORMATION

Manchuna Decorators Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents net invoiced sales of goods and services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

DEFERRED TAX

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either financial assets, financial liabilities or equity instruments.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2016

29,179

2,459

25,164

4,908

61,710

Additions

1,600

-

29,000

-

30,600

At 31 December 2016

30,779

2,459

54,164

4,908

92,310

DEPRECIATION

At 1 January 2016

28,472

2,385

12,426

4,210

47,493

Charge for year

577

11

8,312

174

9,074

Transfer to ownership

-

-

2,122

-

2,122

At 31 December 2016

29,049

2,396

22,860

4,384

58,689

NET BOOK VALUE

At 31 December 2016

1,730

63

31,304

524

33,621

At 31 December 2015

707

74

12,738

698

14,217

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2016

15,089

Transfer to ownership

(15,089

)

At 31 December 2016

-

DEPRECIATION

At 1 January 2016

and 31 December 2016

6,601

NET BOOK VALUE

At 31 December 2016

(6,601

)

At 31 December 2015

8,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

2,322

12,978

Other debtors

51,880

13,313

54,202

26,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Hire purchase contracts

-

10,559

Trade creditors

18,950

14,822

Taxation and social security

12,655

14,530

Other creditors

45,759

40,143

77,364

80,054

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 January 2016

49,701

Profit for the year

62,279

Dividends

(20,000

)

At 31 December 2016

91,980

10.	RELATED PARTY DISCLOSURES

11.	ULTIMATE CONTROLLING PARTY