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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 2018

Northern Ireland

Unaudited Financial Statements

For the year ended 31 March 2018

Manor Ground Services (NI) Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2018

Manor Ground Services (NI) Ltd

Statement of Financial Position

Registered Number :

NI611791

2017

2018

Notes

Fixed assets

Property, plant and equipment

117,633

90,699

117,633

90,699

Current assets

Inventories

32,000

32,658

Trade and other receivables

5,085

56,008

88,666

37,085

Trade and other payables: amounts falling due within one year

(43,529)

(109,539)

(6,444)

(20,873)

Net current liabilities

Total assets less current liabilities

96,760

84,255

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

year

(29,791)

(7,034)

89,726

Net assets

54,464

Capital and reserves

Called up share capital

Retained earnings

89,716

54,454

89,726

54,464

Shareholders' funds

For the year ended 31 March 2018 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 2018 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 07 September 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2018

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 2018

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 2017

161,038

80,187

15,542

64,645

Additions

(44,500)

Disposals

(44,500)

At 31 March 2018

181,183

15,542

196,725

Provision for depreciation and impairment

At 01 April 2017

70,339

Charge for year

35,453

(26,700)

On disposal

At 31 March 2018

79,092

At 31 March 2018

Net book value

102,091

15,542

117,633

At 31 March 2017

90,699

3. Inventories

2017

2018

Stocks

32,658

32,000

4. Trade and other receivables

2017

2018

Trade debtors

1,509

Taxation and social security

5,763

3,585

Other debtors

48,736

1,500

5,085

56,008

The debtors above include the following amounts falling due after more than one year:

Other debtors

45,946

See related party Note 7.

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For the year ended 31 March 2018

Manor Ground Services (NI) Ltd

Notes to the Financial Statements Continued

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

2017

2018

Bank loans and overdraft

10,989

6,339

Trade creditors

12,999

1,264

Taxation and social security

2,690

2,636

Other creditors

82,861

33,290

109,539

43,529

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

2017

2018

Other creditors

7,034

29,791

7. 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 2018 are as follows:

1) Gary Scullion

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

During the year the company repaid the loan from Gary Scullion. This loan was in Other Creditors as per Note 4.

Amount due from related party at year ended 31 March 2018: £0

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

2) Gerard Scullion

Gerard Scullion is an employee and father of Martin Scullion, director.

The company provided a staff loan of £45,000 on 30th June 2017. The terms of loan is 2.5% interest chargeable, with annual

repayments of £10,000 each year in years 2018,2019,2020 and 2021 and final payment in 2022 of £8,710.

Amount due from related party at year ended 31 March 2018: £45,946

Amount due from related party at year ended 31 March 2017: £0

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