Mulligan Coachworks Ltd - Accounts to registrar (filleted) - small 18.2

Mulligan Coachworks Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: NI053983(Northern Ireland)











Mulligan Coachworks Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2018






Mulligan Coachworks Ltd (Registered number: NI053983)

Contents of the Financial Statements
for the Year Ended 28 February 2018










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Mulligan Coachworks Ltd

Company Information
for the Year Ended 28 February 2018







DIRECTORS: R H Mulligan
H S Mulligan





SECRETARY: R H Mulligan





REGISTERED OFFICE: 51 Rowantree Road
Dromore
Co. Down
BT25 1NN





REGISTERED NUMBER: NI053983(Northern Ireland)





ACCOUNTANTS: S.M Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Down
BT32 3HN

Mulligan Coachworks Ltd

Report of the Accountants to the Directors of
Mulligan Coachworks Ltd


The following reproduces the text of the report prepared for the directors in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act
2006, the company is only required to file a Balance Sheet. Readers are cautioned that the
Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2018 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






S.M Vint & Company
Chartered Certified Accountants
8 Newry Road
Banbridge
Down
BT32 3HN


8 January 2019

Mulligan Coachworks Ltd (Registered number: NI053983)

Balance Sheet
28 February 2018

Notes £    £   
FIXED ASSETS
Intangible assets 4 56,000
Tangible assets 5 10,000
66,000

CURRENT ASSETS
Stocks 15,000
Debtors 6 69,586
Cash at bank and in hand 127,321
211,907
CREDITORS
Amounts falling due within one year 7 208,841
NET CURRENT ASSETS 3,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

69,066

CAPITAL AND RESERVES
Called up share capital 6
Retained earnings 69,060
SHAREHOLDERS' FUNDS 69,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

Mulligan Coachworks Ltd (Registered number: NI053983)

Balance Sheet - continued
28 February 2018


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 January 2019and were
signed on its behalf by:




H S Mulligan- Director



R H Mulligan- Director


Mulligan Coachworks Ltd (Registered number: NI053983)

Notes to the Financial Statements
for the Year Ended 28 February 2018


1. STATUTORY INFORMATION

Mulligan Coachworks Ltd is a private company, limited by shares, registered in Northern
Ireland. The company's registered number and registered office 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 the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are
measured at cost less any accumulated amortisation and any accumulated impairment
losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport,
and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, 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.


Mulligan Coachworks Ltd (Registered number: NI053983)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4.

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 70,000
At 28 February 2018 70,000
AMORTISATION
Charge for year 14,000
At 28 February 2018 14,000
NET BOOK VALUE
At 28 February 2018 56,000

Mulligan Coachworks Ltd (Registered number: NI053983)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 12,500
At 28 February 2018 12,500
DEPRECIATION
Charge for year 2,500
At 28 February 2018 2,500
NET BOOK VALUE
At 28 February 2018 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 69,538
Other debtors 48
69,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 87,409
Taxation and social security 32,800
Other creditors 88,632
208,841