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MANOR GROUND SERVICES (NI) LIMITED - Company Information

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Manor Ground Services (NI) Ltd

Registered Number:NI611791

For the year ended 31 March 2017

Northern Ireland

Unaudited Financial Statements

For the year ended 31 March 2017

Manor Ground Services (NI) Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2017

Manor Ground Services (NI) Ltd

Statement of Financial Position

Registered Number :

NI611791

2016

2017

Notes

Fixed assets

Property, plant and equipment

90,699

67,807

90,699

67,807

Current assets

Inventories

32,000

Trade and other receivables

49,649

5,085

27,228

Cash and cash equivalents

37,085

76,877

Trade and other payables: amounts falling due within one year

(40,170)

(43,529)

36,707

(6,444)

Net current liabilities

Total assets less current liabilities

84,255

104,514

Trade and other payables: amounts falling due after more than one

year

(24,478)

(29,791)

54,464

Net assets

80,036

Capital and reserves

Called up share capital

Retained earnings

54,454

80,026

54,464

80,036

Shareholders' funds

For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.

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

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.

Martin Scullion Director

These financial statements were approved and authorised for issue by the Board on 08 December 2017 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2017

Manor Ground Services (NI) Ltd

Notes to the Financial Statements

Statutory Information

Manor Ground Services (NI) Ltd is a private limited company, limited by shares, domiciled in Northern Ireland, registration

number NI611791.

Registered address:

7 Manor Park

Magherafelt

BT45 6QE

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard

102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The

financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery

25% Straight line

25% Reducing balance

Motor vehicles

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2017

Manor Ground Services (NI) Ltd

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Motor vehicles

Plant and

machinery

Cost or valuation

At 01 April 2016

125,538

24,000

101,538

75,500

Additions

(24,000)

(16,000)

Disposals

(40,000)

At 31 March 2017

161,038

Provision for depreciation and impairment

At 01 April 2016

57,731

13,200

44,531

Charge for year

32,208

(19,600)

(13,200)

(6,400)

On disposal

At 31 March 2017

70,339

At 31 March 2017

Net book value

90,699

At 31 March 2016

57,007

10,800

67,807

3. Trade and other receivables

2016

2017

Trade debtors

5,840

Taxation and social security

3,585

11,608

Other debtors

1,500

32,201

49,649

5,085

4. Trade and other payables: amounts falling due within one year

2016

2017

Bank loans and overdraft

6,339

Trade creditors

1,264

4,486

Taxation and social security

2,636

7,800

Other creditors

33,290

27,884

43,529

40,170

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For the year ended 31 March 2017

Manor Ground Services (NI) Ltd

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due after more than one year

2016

2017

Other creditors

29,791

24,478

6. Related party transactions

During the period, the company entered into transactions in the ordinary course of business with other related parties.

Transactions entered into and trading balances at year ended 31 March 2017 are as follows:

1) Gary Scullion

Brother of Martin Scullion, owner and director of the company.

During the year there was no movement on the loan owed to Gary Scullion. This loan appears in Other Creditors as per Note 4.

Amount due to related party at year ended 31 March 2017: £4,000

Amount due from related party at year ended 31 March 2016: £4,000

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