REGISTERED NUMBER: 07893866 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Mandolin Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

6

DIRECTOR:

G P Drewitt

REGISTERED OFFICE:

Unit 7 Rhino court

Station View

Hazel Grove

Stockport

SK7 5ER

REGISTERED NUMBER:

07893866 (England and Wales)

FIXED ASSETS

Tangible assets

4

358,251

348,173

CURRENT ASSETS

Debtors

5

7,481

30,560

Cash at bank

98,745

23,404

106,226

53,964

CREDITORS

Amounts falling due within one year

6

99,970

108,515

NET CURRENT ASSETS/(LIABILITIES)

6,256

(54,551

)

TOTAL ASSETS LESS CURRENT LIABILITIES

364,507

293,622

CREDITORS

Amounts falling due after more than one year

7

246,991

211,250

NET ASSETS

117,516

82,372

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

117,506

82,362

117,516

82,372

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 30 August 2025 and were signed by:

G P Drewitt - Director

1.	STATUTORY INFORMATION

Mandolin Ltd 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on cost and 25% on cost

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 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

317,696

50,392

368,088

Additions

-

69,928

69,928

Disposals

-

(46,909

)

(46,909

)

At 31 December 2024

317,696

73,411

391,107

DEPRECIATION

At 1 January 2024

6,354

13,561

19,915

Charge for year

6,354

18,314

24,668

Eliminated on disposal

-

(11,727

)

(11,727

)

At 31 December 2024

12,708

20,148

32,856

NET BOOK VALUE

At 31 December 2024

304,988

53,263

358,251

At 31 December 2023

311,342

36,831

348,173

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,481

15,320

Other debtors

-

15,240

7,481

30,560

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

36,747

Taxation and social security

33,713

23,248

Other creditors

66,257

48,520

99,970

108,515

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

246,991

211,250

The following reproduces the text of the report prepared for the director 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 Director 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 December 2024 set out on pages one to three 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.

30 August 2025