Mahout Lifestyle Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07364610 (England and Wales)

Mahout Lifestyle Ltd

Unaudited Financial Statements for the Year Ended 31st March 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M W Curtis-Green

MA Denison-Pender

REGISTERED OFFICE:

The Manor

Manor Road

Gt Bourton

Banbury

Oxfordshire

OX17 1QT

REGISTERED NUMBER:

07364610 (England and Wales)

ACCOUNTANTS:

The Decimal Place

8 Blandfield Road

London

SW12 8BG

BANKERS:

HSBC

FIXED ASSETS

Tangible assets

3

65

572

CURRENT ASSETS

Stocks

12,800

12,800

Debtors

4

583

4,098

Cash at bank

1,830

-

15,213

16,898

CREDITORS

Amounts falling due within one year

5

26,685

47,355

NET CURRENT LIABILITIES

(11,472

)

(30,457

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,407

)

(29,885

)

CREDITORS

Amounts falling due after more than one year

6

54,750

52,000

NET LIABILITIES

(66,157

)

(81,885

)

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

29,900

29,900

Retained earnings

(96,157

)

(111,885

)

SHAREHOLDERS' FUNDS

(66,157

)

(81,885

)

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

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

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 14th December 2017 and were signed on its behalf by:

M W Curtis-Green - Director

1.	STATUTORY INFORMATION

Mahout Lifestyle Ltd 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2016

and 31st March 2017

2,030

DEPRECIATION

At 1st April 2016

1,458

Charge for year

507

At 31st March 2017

1,965

NET BOOK VALUE

At 31st March 2017

65

At 31st March 2016

572

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

59

2,276

Other debtors

524

1,822

583

4,098

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

6,995

12,703

Trade creditors

8,025

15,058

Amounts owed to group undertakings

-

85

Taxation and social security

3,136

-

Other creditors

8,529

19,509

26,685

47,355

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

54,750

52,000