MANCHESTER PICTURE & SPORTS FRAMING LIMITED Company Accounts
MANCHESTER PICTURE & SPORTS FRAMING LIMITED Company Accounts
COMPANY REGISTRATION NUMBER:
05723489
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Financial Statements |
Year ended 28th February 2017
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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------- |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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– |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
3 November 2017
, and are signed on behalf of the board by:
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Director |
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Company registration number:
05723489
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Notes to the Financial Statements |
Year ended 28th February 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/268 Chapel Street, Salford, Manchester.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st March 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
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Impairment of fixed assets
Stocks
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2016:
2
).
5.
Tangible assets
Plant and machinery |
Total |
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£ |
£ |
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Cost |
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At 29th February 2016 and 28th February 2017 |
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Depreciation |
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At 29th February 2016 |
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Charge for the year |
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At 28th February 2017 |
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Carrying amount |
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At 28th February 2017 |
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At 28th February 2016 |
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------- |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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7.
Related party transactions
The company was under the control of
Mr D S Hughes
throughout the current and previous period. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st March 2015.
No transitional adjustments were required in equity or profit or loss for the year.