Relate AccountsProduction v2.6.1 v2.6.1 2020-11-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The company's principal activity during the year continued to be hiring and selling of pianos. 26 July 2022 0 0 04939189 2021-10-31 04939189 2020-10-31 04939189 2019-10-31 04939189 2020-11-01 2021-10-31 04939189 2019-11-01 2020-10-31 04939189 uk-bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 04939189 uk-bus:AbridgedAccounts 2020-11-01 2021-10-31 04939189 uk-core:ShareCapital 2021-10-31 04939189 uk-core:ShareCapital 2020-10-31 04939189 uk-core:RetainedEarningsAccumulatedLosses 2021-10-31 04939189 uk-core:RetainedEarningsAccumulatedLosses 2020-10-31 04939189 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-10-31 04939189 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2020-10-31 04939189 uk-bus:FRS102 2020-11-01 2021-10-31 04939189 uk-core:PlantMachinery 2020-11-01 2021-10-31 04939189 2020-11-01 2021-10-31 04939189 uk-bus:Director1 2020-11-01 2021-10-31 04939189 uk-bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 04939189
 
 
David Manson Pianos Ltd
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 October 2021
David Manson Pianos Ltd
Company Registration Number: 04939189
ABRIDGED BALANCE SHEET
as at 31 October 2021

2021 2020
Notes £ £
 
Fixed Assets
Tangible assets 4 417 625
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Current Assets
Stocks 12,615 9,000
Cash and cash equivalents 20,170 22,338
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32,785 31,338
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Creditors: amounts falling due within one year (13,089) (13,247)
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Net Current Assets 19,696 18,091
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Total Assets less Current Liabilities 20,113 18,716
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Capital and Reserves
Called up share capital 200 200
Retained earnings 19,913 18,516
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Equity attributable to owners of the company 20,113 18,716
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
           
For the financial year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 26 July 2022 and signed on its behalf by
           
           
________________________________          
Mr D Manson          
Director          
           



David Manson Pianos Ltd
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 October 2021

   
1. General Information
 
David Manson Pianos Ltd is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 04939189. The registered office of the company is Goodshill Cottage, Cranbrook Road, Tenterden    TN30 6UN. The company's principal activity during the year continued to be hiring and selling of pianos. The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 October 2021 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2020 - 2).
       
4. Tangible assets
  Plant and Total
  machinery  
     
  £ £
Cost
At 1 November 2020 5,574 5,574
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At 31 October 2021 5,574 5,574
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Depreciation
At 1 November 2020 4,949 4,949
Charge for the financial year 208 208
  ───────── ─────────
At 31 October 2021 5,157 5,157
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Net book value
At 31 October 2021 417 417
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At 31 October 2020 625 625
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