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Registration number: 00869012

A & M Mangnall Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2013
 

image-name
 

A & M Mangnall Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 5

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
A & M Mangnall Limited
for the Year Ended 28 February 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A & M Mangnall Limited for the year ended 28 February 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of A & M Mangnall Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of A & M Mangnall Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & M Mangnall Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & M Mangnall Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A & M Mangnall Limited. You consider that A & M Mangnall Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A & M Mangnall Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Crossley and Davis
Chartered Accountants
52 Chorley New Road
Bolton
Lancashire
BL1 4AP

25 November 2013

Page 1

 

A & M Mangnall Limited
(Registration number: 00869012)
Abbreviated Balance Sheet at 28 February 2013

 

Note

    

2013
£

    

2012
£

  

Fixed assets

  

   

   

 

Tangible fixed assets

  

   

5,550

   

6,167

 

Current assets

  

   

   

 

Stocks

  

   

500

   

1,375

 

Debtors

  

   

9,074

   

14,803

 

Cash at bank and in hand

  

   

11,830

   

21,182

 

 

   

21,404

   

37,360

 

Creditors: Amounts falling due within one year

  

   

(15,035)

   

(27,697)

 

Net current assets

  

   

6,369

   

9,663

 

Net assets

  

   

11,919

   

15,830

 

Capital and reserves

  

   

   

 

Called up share capital

 

3

   

100

   

100

 

Profit and loss account

  

   

11,819

   

15,730

 

Shareholders' funds

  

   

11,919

   

15,830

 

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

 

A & M Mangnall Limited
(Registration number: 00869012)
Abbreviated Balance Sheet at 28 February 2013
......... continued

For the year ending 28 February 2013 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 director acknowledges his 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 director on 25 November 2013

.........................................
D A Mangnall
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

 

A & M Mangnall Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2013
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents the total invoice value, net of value added tax, in respect of goods sold during the year

Amortisation

Acquired goodwill is written off in equal instalments.

Asset class

Amortisation method and rate

Goodwill

Goodwill is written off over its useful economic life of 10 years.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

10% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

 

A & M Mangnall Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2013
......... continued

2

Fixed assets

 

Intangible assets
£

    

Tangible assets
£

    

Total
£

  

Cost

  

   

   

 

At 1 March 2012

  

5,000

    

24,453

    

29,453

  

At 28 February 2013

  

5,000

    

24,453

    

29,453

  

Depreciation

  

   

   

 

At 1 March 2012

  

5,000

    

18,286

    

23,286

  

Charge for the year

  

-

    

617

    

617

  

At 28 February 2013

  

5,000

    

18,903

    

23,903

  

Net book value

  

   

   

 

At 28 February 2013

  

-

    

5,550

   

5,550

 

At 29 February 2012

  

-

    

6,167

   

6,167

 

3

Share capital

Allotted, called up and fully paid shares

 

2013

2012

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

100

   

100

   

100

   

100

 
                         

Page 5