Mann Global Trading Company Ltd,Ltd - AccountsLtd - Accounts

Mann Global Trading Company Ltd,Ltd - AccountsLtd - Accounts

MANN GLOBAL TRADING COMPANY LTD - Company Information

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2016-06-01 07834201 2017-05-31 07834201 2016-06-01 2017-05-31 07834201 2016-05-31 07834201 2015-06-01 2016-05-31 07834201 uk-core:WithinOneYear 2016-05-31 07834201 uk-core:WithinOneYear 2017-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2017-05-31 07834201 uk-core:RetainedEarningsAccumulatedLosses 2016-05-31 07834201 uk-bus:Director1 2016-06-01 2017-05-31 07834201 uk-core:AfterOneYear 2017-05-31 07834201 uk-core:AfterOneYear 2016-05-31 iso4217:GBP 07834201 uk-bus:AuditExemptWithAccountantsReport 2016-06-01 2017-05-31 07834201 uk-bus:FRS102 2016-06-01 2017-05-31 07834201 uk-bus:FullAccounts 2016-06-01 2017-05-31 07834201 uk-bus:PrivateLimitedCompanyLtd 2016-06-01 2017-05-31
Mann Global Trading Company Ltd
Registered Number:07834201
For the year ended 31 May 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2017
Mann Global Trading Company Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 May 2017
Mann Global Trading Company Ltd
Statement of Financial Position
Registered Number :
07834201
£
£
2016
2017
Notes
Current assets
Inventories
30,000
30,000
2
Trade and other receivables
11,577
11,437
3
1,255
Cash and cash equivalents
5,041
46,478
42,832
Trade and other payables: amounts falling due within one
year
(22,927)
(23,559)
4
19,905
22,919
Net current assets
Total assets less current liabilities
22,919
19,905
22,919
Net assets
19,905
Capital and reserves
Retained earnings
22,919
19,905
22,919
19,905
Shareholders' funds
For the year ended 31 May 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 May 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.
Mr Gurnam Singh Director
These financial statements were approved and authorised for issue by the Board on 25 January 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 May 2017
Mann Global Trading Company Ltd
Notes to the Financial Statements
Statutory Information
Mann Global Trading Company Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 07834201.
Registered address:
Mann Global Trading Ltd
19 Hollowood Ave
Littleover
Derby
DE23 6JD
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.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2. Inventories
2016
2017
£
£
Stocks
30,000
30,000
3. Trade and other receivables
2016
2017
£
£
Other debtors
11,437
11,577
The debtors above include the following amounts falling due after more than one year:
Other debtors
11,000
11,000
2 of 3
5
For the year ended 31 May 2017
Mann Global Trading Company Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
15,000
15,000
Taxation and social security
746
2,082
Other creditors
7,813
5,845
23,559
22,927
3 of 3