Abbreviated Company Accounts - A.& S.MANUEL LIMITED

A.& S.MANUEL LIMITED Registered Number 00605342

Abbreviated Balance Sheet as at 2 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	60,986	62,876
Tangible assets	3	1,186,885	1,235,938
Investments	4	100,007	100,007
		1,347,878	1,398,821
Current assets
Stocks		340,000	250,000
Debtors		1,529,561	1,335,193
Investments		565,911	279,911
Cash at bank and in hand		79,867	132,915
		2,515,339	1,998,019
Creditors: amounts falling due within one year		(1,400,548)	(1,138,555)
Net current assets (liabilities)		1,114,791	859,464
Total assets less current liabilities		2,462,669	2,258,285
Creditors: amounts falling due after more than one year		(858,485)	(766,851)
Total net assets (liabilities)		1,604,184	1,491,434
Capital and reserves
Called up share capital		2,000	2,000
Profit and loss account		1,602,184	1,489,434
Shareholders' funds		1,604,184	1,491,434

For the year ending 2 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 April 2017

And signed on their behalf by:
B M Manuel, Director

A.& S.MANUEL LIMITED Registered Number 00605342

Notes to the Abbreviated Accounts for the period ended 2 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT.

Tangible assets depreciation policy
Plant & Machinery - 6.67 years
Fixtures & Fittings - 10% on cost
Motor Vehicles - 4 years

Intangible assets amortisation policy
10 years

2Intangible fixed assets

	£
Cost
At 5 April 2015	84,211
Additions	7,256
Disposals	-
Revaluations	-
Transfers	-
At 2 April 2016	91,467
Amortisation
At 5 April 2015	21,335
Charge for the year	9,146
On disposals	-
At 2 April 2016	30,481
Net book values
At 2 April 2016	60,986
At 4 April 2015	62,876

3Tangible fixed assets

	£
Cost
At 5 April 2015	1,531,934
Additions	32,208
Disposals	(73,462)
Revaluations	-
Transfers	-
At 2 April 2016	1,490,680
Depreciation
At 5 April 2015	295,996
Charge for the year	34,245
On disposals	(26,446)
At 2 April 2016	303,795
Net book values
At 2 April 2016	1,186,885
At 4 April 2015	1,235,938

4Fixed assets Investments
The unlisted investment represents the historical cost in respect of the acquisition of the whole of the issued share capital of South Wales Sack and Bag Company Limited a company incorporated in Great Britain. The capital and reserves of South Wales Sack and Bag Company Limited at the 4th April 2016 were £395(2015-£17,049) and its profit for the year after taxation was £18,346(2015 £25,452)South Wales Sack and Bag Company Limited is a sack and bag merchant.