| Registered Number:07882762 |
For the year ended 31 December 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2024
Mandalyns Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mandalyns Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
4,012
5,349
3
4,012
5,349
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
10
10
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. |
| 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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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. |
15 Fountain Buildings
Lansdown Road
Bath
BA1 5DX
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A 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. |
2 of 4
For the year ended 31 December 2024
Mandalyns Ltd
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
90,000
90,000
90,000
90,000
-
-
| 3. Property, plant and equipment |
28,110
28,110
| Provision for depreciation and impairment |
22,761
Charge for year
1,337
24,098
4,012
5,349
2023
2024
7,603
7,924
| 5. Trade and other receivables |
2023
2024
115,000
-
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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
10,000
10,000
4,683
4,469
| Taxation and social security |
11,207
8,403
32,529
26,653
58,419
49,525
| 7. Trade and other payables: amounts falling due after more than one year |
2023
2024
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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