Mantaleda Bathroom Company Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03257914 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2017

for

Mantaleda Bathroom Company Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Beauchamp

P J Britton

REGISTERED OFFICE:

Thurston Road

Northallerton Business Park

Northallerton

North Yorkshire

DL6 2NA

REGISTERED NUMBER:

03257914 (England and Wales)

ACCOUNTANTS:

Davies Tracey

Chartered Accountants and Business Advisers

Swan House

Westpoint Road

Teesdale Business Park

Stockton on Tees

TS17 6BP

FIXED ASSETS

Tangible assets

4

171,331

157,387

CURRENT ASSETS

Stocks

17,258

12,907

Debtors

110,678

108,536

Cash at bank and in hand

145,301

136,000

273,237

257,443

CREDITORS

Amounts falling due within one year

88,374

103,898

NET CURRENT ASSETS

184,863

153,545

TOTAL ASSETS LESS CURRENT LIABILITIES

356,194

310,932

PROVISIONS FOR LIABILITIES

11,778

9,174

NET ASSETS

344,416

301,758

CAPITAL AND RESERVES

Allotted, called up and fully

paid share capital

100

2

Retained earnings

344,316

301,756

SHAREHOLDERS' FUNDS

344,416

301,758

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 December 2017 and were signed on its behalf by:

A J Beauchamp - Director

P J Britton - Director

1.	STATUTORY INFORMATION

Mantaleda Bathroom Company 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost on buildings

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing

stocks to their present location and condition.

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

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 September 2016

230,309

Additions

34,623

Disposals

(10,623

)

At 31 August 2017

254,309

DEPRECIATION

At 1 September 2016

72,922

Charge for year

18,493

Eliminated on disposal

(8,437

)

At 31 August 2017

82,978

NET BOOK VALUE

At 31 August 2017

171,331

At 31 August 2016

157,387

5.	OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £16,500 (2016 - £25,524) relating to

amounts payable under operating leases.