Mann Brothers Limited - Abbreviated accounts 16.3
Mann Brothers Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| MANN BROTHERS LIMITED |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| MANN BROTHERS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 October 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| ABBREVIATED BALANCE SHEET |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 October 2016 |
| The financial statements were approved by the Board of Directors on behalf by: |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 October 2016 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the |
| revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller |
| Entities (effective January 2015). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Mann Brothers Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken |
| the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial |
| statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in market value is transferred to a revaluation reserve. |
| In accordance with SSAP 19, certain properties are held for long term investment and are included in |
| the balance sheet at their open market values. The surplus or deficit on revaluation of such properties |
| are transferred to the investment property revaluation reserve. Depreciation is not provided on these |
| investment properties in accordance with SSAP 19. This policy represents a departure from the |
| Companies Act 2006 which requires depreciation to be provided on all fixed assets. The directors |
| consider that this policy is necessary in order that the accounts give a true and fair view because |
| current market values are of prime importance rather than the calculation of systematic annual |
| depreciation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
| the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
| exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
| the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 October 2016 |
| 1. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to the profit and loss account in the period to which they |
| relate. |
| Fixed asset investments |
| Fixed asset investments are stated at cost less provision for diminution in value or at market value. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 | 118,490 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Subsidiary |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 80.00 |
| £ | £ |
| Aggregate capital and reserves | 25,861 | 27,001 |
| Profit for the year | 184,860 | 154,427 |
| MANN BROTHERS LIMITED (REGISTERED NUMBER: 01927637) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 October 2016 |
| 3. | FIXED ASSET INVESTMENTS - continued |
| Associated companies |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 20.00 |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Aggregate capital and reserves | 18,296 | 18,296 |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| No financial information is available for this company. |
| Country of incorporation: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 50.00 |
| No financial information is available for this company. |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2015 |
| and 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |