Registered number
13584100
MantellumCL Ltd
Filleted Accounts
31 August 2023
MantellumCL Ltd
Registered number: 13584100
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £ £ £
Fixed assets
Intangible assets 3 317,000 317,000
Tangible assets 4 3,869 -
320,869 317,000
Current assets
Debtors 5 - 10,682
Cash at bank and in hand 188,073 121,409
188,073 132,091
Creditors: amounts falling due within one year 6 (186,140) (193,511)
Net current assets/(liabilities) 1,933 (61,420)
Total assets less current liabilities 322,802 255,580
Creditors: amounts falling due after more than one year 7 (176,309) (166,875)
Net assets 146,493 88,705
Capital and reserves
Called up share capital 100 100
Profit and loss account 146,393 88,605
Shareholders' funds 146,493 88,705
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr J S Collis
Director
Approved by the board on 29 February 2024
MantellumCL Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 317,000
At 31 August 2023 317,000
Amortisation
At 31 August 2023 -
Net book value
At 31 August 2023 317,000
At 31 August 2022 317,000
4 Tangible fixed assets
Plant and machinery etc
£
Cost
Additions 4,739
At 31 August 2023 4,739
Depreciation
Charge for the year 870
At 31 August 2023 870
Net book value
At 31 August 2023 3,869
5 Debtors 2023 2022
£ £
Trade debtors - 10,682
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 42,996
Trade creditors 86,074 13,413
Taxation and social security costs 30,388 32,981
Other creditors 69,678 104,121
186,140 193,511
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 176,309 166,875
8 Transactions with directors
At the year end the company owed the director, Dr J S Collis £69,678 (2022: £104,121).
9 Other information
MantellumCL Ltd is a private company limited by shares and incorporated in England. Its registered office is:
78 Southrise
Llanishen
Cardiff
CF14 0RG
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