1 July 2022 v2023.26.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP076065502022-07-012023-06-30076065502023-06-30076065502022-06-3007606550core:WithinOneYear2023-06-3007606550core:WithinOneYear2022-06-3007606550core:AfterOneYear2023-06-3007606550core:AfterOneYear2022-06-3007606550core:ShareCapital2023-06-3007606550core:ShareCapital2022-06-3007606550core:RetainedEarningsAccumulatedLosses2023-06-3007606550core:RetainedEarningsAccumulatedLosses2022-06-3007606550bus:Director12022-07-012023-06-3007606550bus:RegisteredOffice2022-07-012023-06-3007606550core:OfficeEquipment2022-07-012023-06-3007606550core:FurnitureFittings2022-07-012023-06-30076065502021-07-012022-06-3007606550core:PlantMachinery2022-07-0107606550core:PlantMachinery2022-07-012023-06-3007606550core:PlantMachinery2023-06-3007606550core:PlantMachinery2022-06-300760655012022-07-012023-06-3007606550countries:EnglandWales2022-07-012023-06-3007606550bus:AuditExempt-NoAccountantsReport2022-07-012023-06-3007606550bus:PrivateLimitedCompanyLtd2022-07-012023-06-3007606550bus:SmallEntities2022-07-012023-06-3007606550bus:FullAccounts2022-07-012023-06-30
Company registration number:
07606550
Mango Tree Distributions Ltd
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Mango Tree Distributions Ltd
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Tangible assets 5
2,851
 
3,412
 
Current assets    
Stocks
7,246
 
38,965
 
Debtors 6
7,088
 
3,143
 
Cash at bank and in hand
(58,971
)
(21,894
)
(44,637
)
20,214
 
Creditors: amounts falling due within one year 7
(137,744
)
(76,501
)
Net current liabilities
(182,381
)
(56,287
)
Total assets less current liabilities (179,530 ) (52,875 )
Creditors: amounts falling due after more than one year 8
(108,001
)
(78,374
)
Net liabilities
(287,531
)
(131,249
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(287,631
)
(131,349
)
Shareholders deficit
(287,531
)
(131,249
)
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
15 November 2023
, and are signed on behalf of the board by:
G Fitzgerald
Director
Company registration number:
07606550
Mango Tree Distributions Ltd
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Old Pottery Cottage Coldharbour Road
,
Upper Dicker
,
Hailsham
,
East Sussex
,
BN27 3PX
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line
Fixtures and fittings
33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
3
(2022:
5.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2022
17,191
 
Additions
3,336
 
At
30 June 2023
20,527
 
Depreciation  
At
1 July 2022
13,779
 
Charge
3,897
 
At
30 June 2023
17,676
 
Carrying amount  
At
30 June 2023
2,851
 
At 30 June 2022
3,412
 

6 Debtors

20232022
££
Trade debtors
1,182
 
815
 
Other debtors
5,906
 
2,328
 
7,088
 
3,143
 

7 Creditors: amounts falling due within one year

20232022
££
Trade creditors
3,973
 
7,994
 
Taxation and social security -  
85
 
Other creditors
133,771
 
68,422
 
137,744
 
76,501
 

8 Creditors: amounts falling due after more than one year

20232022
££
Bank loans and overdrafts
49,832
 
49,774
 
Other creditors
58,169
 
28,600
 
108,001
 
78,374