Mansys Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08477835 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2020

FOR

Mansys Solutions Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mr D Jeffery

Mrs N Jeffery

Registered office:

Oaklands

Lodge Lane

Brixton

Devon

PL8 2AU

Registered number:

08477835 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

1,183

1,763

Current assets

Debtors

5

4,118

6,959

Cash at bank

2,262

3,741

6,380

10,700

Creditors

Amounts falling due within one year

6

8,948

8,272

Net current (liabilities)/assets

(2,568

)

2,428

Total assets less current liabilities

(1,385

)

4,191

Capital and reserves

Called up share capital

7

12

12

Retained earnings

(1,397

)

4,179

Shareholders' funds

(1,385

)

4,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 January 2021 and were signed on its behalf by:

Mrs N Jeffery - Director

1.	STATUTORY INFORMATION

Mansys Solutions Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number, registered office address and business 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern

The company has net liabilities as a result of loans with the directors totalling £1,378. The directors

have agreed to continue to support the company.

Turnover

Turnover represents amounts invoiced in respect of services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss

Account, 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.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any

impairment losses for bad and doubtful debts. Loans and other financial assets are initially

recognised at transaction price including any transaction costs and subsequently measured at

amortised cost determined using the effective interest method, less any impairment losses for bad

and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and

other financial liabilities are initially recognised at transaction price net of any transaction costs and

subsequently measured at amortised cost determined using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

Cost

At 1 May 2019

and 30 April 2020

5,995

Depreciation

At 1 May 2019

4,232

Charge for year

580

At 30 April 2020

4,812

Net book value

At 30 April 2020

1,183

At 30 April 2019

1,763

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

3,525

6,885

Other debtors

593

74

4,118

6,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Taxation and social security

6,550

6,241

Other creditors

2,398

2,031

8,948

8,272

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

12

Ordinary

£1

12

12

8.	RELATED PARTY TRANSACTIONS

At the year end the company owed Mr and Mrs Jeffery, directors of the company £1,378. This loan is

interest free and repayable on demand.

9.	ULTIMATE CONTROLLING PARTY

The company was controlled by the directors throughout the year.