IRIS Accounts Production v23.2.0.158 02582101 director 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure025821012022-02-28025821012023-02-28025821012022-03-012023-02-28025821012021-02-28025821012021-03-012022-02-28025821012022-02-2802582101ns16:EnglandWales2022-03-012023-02-2802582101ns15:PoundSterling2022-03-012023-02-2802582101ns11:Director12022-03-012023-02-2802582101ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2802582101ns11:SmallEntities2022-03-012023-02-2802582101ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2802582101ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2802582101ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2802582101ns11:AbridgedAccounts2022-03-012023-02-2802582101ns11:CompanySecretary12022-03-012023-02-2802582101ns11:RegisteredOffice2022-03-012023-02-2802582101ns6:CurrentFinancialInstruments2023-02-2802582101ns6:CurrentFinancialInstruments2022-02-2802582101ns6:Non-currentFinancialInstruments2023-02-2802582101ns6:Non-currentFinancialInstruments2022-02-2802582101ns6:ShareCapital2023-02-2802582101ns6:ShareCapital2022-02-2802582101ns6:RetainedEarningsAccumulatedLosses2023-02-2802582101ns6:RetainedEarningsAccumulatedLosses2022-02-2802582101ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2802582101ns6:PlantMachinery2022-03-012023-02-2802582101ns6:FurnitureFittings2022-03-012023-02-2802582101ns6:ComputerEquipment2022-03-012023-02-28
REGISTERED NUMBER: 02582101 (England and Wales)














G MANTELLA LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023






G MANTELLA LIMITED (REGISTERED NUMBER: 02582101)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


G MANTELLA LIMITED

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTOR: I A Mehmet





SECRETARY: I A Mehmet





REGISTERED OFFICE: 167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH





REGISTERED NUMBER: 02582101 (England and Wales)





ACCOUNTANTS: Brindley Jacob
Chartered Accountants
167 Turners Hill
Cheshunt
Hertfordshire
EN8 9BH

G MANTELLA LIMITED (REGISTERED NUMBER: 02582101)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 212,298 216,273
Investments 5 19,723 19,723
232,021 235,996

CURRENT ASSETS
Stocks 300,000 225,000
Debtors 109,304 283,554
Cash at bank 879 879
410,183 509,433
CREDITORS
Amounts falling due within one year 544,534 671,159
NET CURRENT LIABILITIES (134,351 ) (161,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

97,670

74,270

CREDITORS
Amounts falling due after more than one year 6 35,972 40,972
NET ASSETS 61,698 33,298

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,598 33,198
SHAREHOLDERS' FUNDS 61,698 33,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

G MANTELLA LIMITED (REGISTERED NUMBER: 02582101)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 November 2023 and were signed by:





I A Mehmet - Director


G MANTELLA LIMITED (REGISTERED NUMBER: 02582101)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

G Mantella Limited is a private company, limited by shares , registered in England and Wales. 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.
Short leasehold - in accordance with the property
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

G MANTELLA LIMITED (REGISTERED NUMBER: 02582101)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 333,945
Additions 3,692
At 28 February 2023 337,637
DEPRECIATION
At 1 March 2022 117,671
Charge for year 7,668
At 28 February 2023 125,339
NET BOOK VALUE
At 28 February 2023 212,298
At 28 February 2022 216,274

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
28.2.23 28.2.22
£    £   
Other investment 19,723 19,723

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
28.2.23 28.2.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 30,972 35,972