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Mandalyns Ltd

Registered Number:07882762

For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements

2
For the year ended 31 December 2024
Mandalyns Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3

Registered Number :

07882762

As at 31 December 2024

Mandalyns Ltd
Statement of Financial Position

£

£

2023
2024

Notes

Fixed assets

Property, plant and equipment

4,012
5,349
3
4,012
5,349

Current assets

Inventories

7,924
7,603
4

Trade and other receivables

-
115,000
5
307,937

Cash and cash equivalents

198,314
320,917
315,861

Trade and other payables: amounts falling due within one
year

(49,525)
(58,419)
6
266,336
262,498
Net current assets

Total assets less current liabilities

266,510
271,685

Trade and other payables: amounts falling due after more
than one year

(21,359)
(11,568)
7
254,942
Net assets
250,326

Capital and reserves

Called up share capital

10
10

Retained earnings

254,932
250,316
254,942
250,326
Shareholders' funds

For the year ended 31 December 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 proper 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 Section
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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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

K Simmons Director

These financial statements were approved and authorised for issue by the Board on 01 September 2025 and were signed by:

The notes form part of these financial statements

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4
For the year ended 31 December 2024
Mandalyns Ltd
Notes to the Financial Statements
Statutory Information

Mandalyns Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
07882762.

Registered address:

15 Fountain Buildings
Lansdown Road
Bath
BA1 5DX

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1 A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of 10 years.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant&Machinery 25% reducing balance.

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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5
For the year ended 31 December 2024
Mandalyns Ltd
Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

£

At 01 January 2024

90,000

At 31 December 2024

90,000

Amortisation

At 01 January 2024

90,000

At 31 December 2024

90,000

Net book value

At 31 December 2024

-

At 31 December 2023

-

3. Property, plant and equipment

Plant and
machinery

£

Cost or
valuation

At 01 January 2024

28,110

At 31 December 2024

28,110

Provision for depreciation and impairment

At 01 January 2024

22,761
Charge for year
1,337

At 31 December 2024

24,098

At 31 December 2024

Net book value

4,012

At 31 December 2023

5,349

4. Inventories

2023
2024

£

£

Stocks

7,603
7,924

5. Trade and other receivables

2023
2024

£

£

Other debtors

115,000
-

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6
For the year ended 31 December 2024
Mandalyns Ltd
Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2023
2024

£

£

Bank loans and overdraft

10,000
10,000

Trade creditors

4,683
4,469

Taxation and social security

11,207
8,403

Other creditors

32,529
26,653
58,419
49,525

7. Trade and other payables: amounts falling due after more than one year

2023
2024

£

£

Bank loans and overdraft

11,568
21,359

8. Average number of persons employed

During the year the average number of employees was 13 (2023 : 13)
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