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REGISTERED NUMBER: NI659011 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Man Lee House Limited

Man Lee House Limited (Registered number: NI659011)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Man Lee House Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Y S Lee





REGISTERED OFFICE: 122 Ballymacash Road
Lisburn
BT28 3EZ





REGISTERED NUMBER: NI659011 (Northern Ireland)





ACCOUNTANTS: H.P.& ASSOCIATES LLP
81-83 DUBLIN ROAD
BELFAST
ANTRIM
BT2 7HF

Man Lee House Limited (Registered number: NI659011)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,148 6,318

CURRENT ASSETS
Stocks 2,999 2,966
Debtors 5 6,302 2,882
Cash at bank and in hand 447,670 471,666
456,971 477,514
CREDITORS
Amounts falling due within one year 6 43,871 102,266
NET CURRENT ASSETS 413,100 375,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

420,248

381,566


CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 420,247 381,565
420,248 381,566
420,248 381,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Man Lee House Limited (Registered number: NI659011)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:





Y S Lee - Director


Man Lee House Limited (Registered number: NI659011)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Man Lee House Limited 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 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.

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

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

Plant and Machinery - 18% on reducing balance
Fixture and Fitting - 18% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Man Lee House Limited (Registered number: NI659011)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. 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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 7,362 3,209 10,571
Additions 2,399 - 2,399
At 31 March 2023 9,761 3,209 12,970
DEPRECIATION
At 1 April 2022 3,174 1,079 4,253
Charge for year 1,186 383 1,569
At 31 March 2023 4,360 1,462 5,822
NET BOOK VALUE
At 31 March 2023 5,401 1,747 7,148
At 31 March 2022 4,188 2,130 6,318

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 6,302 2,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 5,316 1,100
Taxation and social security 33,374 56,354
Other creditors 5,181 44,812
43,871 102,266