Manakamana Catering Ltd - Filleted accounts

MANAKAMANA CATERING LTD - Company Information

Registered number

10000774

Manakamana Catering Ltd

Filleted Accounts

31 March 2017

Manakamana Catering Ltd
Registered number:		10000774
Balance Sheet
as at 31 March 2017

Notes			2017
£
Fixed assets
Intangible assets	2		52,800
Tangible assets	3		33,257
			86,057

Current assets
Stocks		3,250
Debtors	4	13,568
Cash at bank and in hand		15,578
		32,396

Creditors: amounts falling due within one year	5	(121,238)

Net current liabilities			(88,842)

Net liabilities			(2,785)

Capital and reserves
Called up share capital			150
Profit and loss account			(2,935)

Shareholders' funds			(2,785)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Dinesh Raj Poudel
Director
Approved by the board on 25 October 2017

Manakamana Catering Ltd
Notes to the Accounts
for the period from 11 February 2016 to 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.











2	Intangible fixed assets			£
	Goodwill:

	Cost
	Additions			55,000
	At 31 March 2017			55,000

	Amortisation
	Provided during the period			2,200
	At 31 March 2017			2,200

	Net book value
	At 31 March 2017			52,800

	Goodwill is being written off in equal annual instalments over its estimated economic life of 25 years.


3	Tangible fixed assets
				Plant and machinery etc
£
	Cost
	Additions			41,571
	At 31 March 2017			41,571

	Depreciation
	Charge for the period			8,314
	At 31 March 2017			8,314

	Net book value
	At 31 March 2017			33,257


4	Debtors		2017
£

	Trade debtors		3,318
	Rent deposit		5,000
	Other debtors		5,250
			13,568






5	Creditors: amounts falling due within one year		2017
£

	Trade creditors		3,412
	Other taxes and social security costs		7,826
	Director's account		110,000
			121,238


6	Other information

	Manakamana Catering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	166 Field End Road
	Eastcote
	Middlesex
	HA5 1RH