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REGISTERED NUMBER: NI658577 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

MANTLIN TRADING LTD

MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

MANTLIN TRADING LTD

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2023







DIRECTORS: Mrs G B Spence
Mr C A Spence



REGISTERED OFFICE: 6 Fortview Park
Kesh
Enniskillen
Co. Fermanagh
BT93 1TD



REGISTERED NUMBER: NI658577 (Northern Ireland)



ACCOUNTANTS: Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT



BANKERS: Danske
Donnegall Square West
Belfast
BT1 6JS

MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 838 1,117

CURRENT ASSETS
Stocks 4,964 18,013
Debtors 5 3,889 2,059
Cash at bank 1,850 9,432
10,703 29,504
CREDITORS
Amounts falling due within one year 6 22,521 19,236
NET CURRENT (LIABILITIES)/ASSETS (11,818 ) 10,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,980

)

11,385

PROVISIONS FOR LIABILITIES 7 209 212
NET (LIABILITIES)/ASSETS (11,189 ) 11,173

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (11,191 ) 11,171
(11,189 ) 11,173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

BALANCE SHEET - continued
31 JANUARY 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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





Mr C A Spence - Director


MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2023


1. STATUTORY INFORMATION

Mantlin Trading 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 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 rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 1,984
DEPRECIATION
At 1 February 2022 867
Charge for year 279
At 31 January 2023 1,146
NET BOOK VALUE
At 31 January 2023 838
At 31 January 2022 1,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 3,889 2,059

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Other loans 2,778 -
Tax - 3,213
Directors' current accounts 14,215 14,823
Accrued expenses 5,528 1,200
22,521 19,236

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 209 212

Deferred
tax
£   
Balance at 1 February 2022 212
Provided during year (3 )
Balance at 31 January 2023 209

MANTLIN TRADING LTD (REGISTERED NUMBER: NI658577)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2023


8. GOING CONCERN

During the year ended 31 January 2023 the company made a loss of £25,578.00. The company is dependent on the continuing support of it's directors to meet it's commitments as they fall due. The directors have plans in place to ensure that the company deals with the outstanding liabilities in the near future.

On the basis that the directors continues to support the company they believe it can continue as a going concern.

MANTLIN TRADING LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MANTLIN TRADING 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 31 January 2023 set out on pages three to nine 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.






Patton Rainey and Associates
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


27 October 2023