Registered number
03272213
Manor Construction & Management Services Limited
Filleted Accounts
31 March 2018
Manor Construction & Management Services Limited
Registered number: 03272213
Balance Sheet
as at 31 March 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 3 42,194 31,593
Investments 4 342,518 342,518
384,712 374,111
Current assets
Stocks 740,971 37,431
Debtors 5 43,058 626,621
Cash at bank and in hand 92,098 82,905
876,127 746,957
Creditors: amounts falling due within one year 6 (256,744) (70,022)
Net current assets 619,383 676,935
Total assets less current liabilities 1,004,095 1,051,046
Creditors: amounts falling due after more than one year 7 (898,524) (892,338)
Net assets 105,571 158,708
Capital and reserves
Called up share capital 199 199
Profit and loss account 105,372 158,509
Shareholders' funds 105,571 158,708
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Verbeeten
Director
Approved by the board on 14 November 2018
Manor Construction & Management Services Limited
Notes to the Accounts
for the year ended 31 March 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2017 112,660 68,842 181,502
Additions - 26,685 26,685
Disposals - (21,115) (21,115)
At 31 March 2018 112,660 74,412 187,072
Depreciation
At 1 April 2017 101,085 48,824 149,909
Charge for the year 2,315 8,234 10,549
On disposals - (15,580) (15,580)
At 31 March 2018 103,400 41,478 144,878
Net book value
At 31 March 2018 9,260 32,934 42,194
At 31 March 2017 11,575 20,018 31,593
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 April 2017 342,518
At 31 March 2018 342,518
5 Debtors 2018 2017
£ £
Trade debtors 29,065 41,605
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 584,099
Other debtors 13,993 917
43,058 626,621
6 Creditors: amounts falling due within one year 2018 2017
£ £
Obligations under finance lease and hire purchase contracts 19,166 -
Trade creditors 86,740 38,515
Amounts owed to group undertakings and undertakings in which the company has a participating interest 148,543 -
Taxation and social security costs - 30,529
Other creditors 2,295 978
256,744 70,022
7 Creditors: amounts falling due after one year 2018 2017
£ £
Bank loans - 5,622
Other creditors 898,524 886,716
898,524 892,338
8 Related party transactions
During the year the company made payments to K Ryan and R Verbeeten in respect of salary, dividend and expenses. As at 31 March 2018 the company owed K Ryan £57,920 (2017 £54,902) and R Verbeeten £65,604 (2017 £56,812)
9 Controlling party
The company considers the directors to be its controlling party.
10 Other information
Manor Construction & Management Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
The Cottage
2 Castlefield Road
Reigate
Surrey
RH2 0SH
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