IRIS Accounts Production
v18.1.1.51
03543457
Board of Directors
1.6.17
31.5.18
31.5.18
18.7.18
false
true
false
false
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Auditors Opinion
Ordinary
1.00000
A - G
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iso4217:GBP
iso4217:USD
iso4217:EUR
xbrli:shares
xbrli:pure
03543457
2017-05-31
03543457
2018-05-31
03543457
2017-06-01
2018-05-31
03543457
2016-05-31
03543457
2016-06-01
2017-05-31
03543457
2017-05-31
03543457
ns15:EnglandWales
2017-06-01
2018-05-31
03543457
ns14:PoundSterling
2017-06-01
2018-05-31
03543457
ns10:Director1
2017-06-01
2018-05-31
03543457
ns10:PrivateLimitedCompanyLtd
2017-06-01
2018-05-31
03543457
ns10:SmallEntities
2017-06-01
2018-05-31
03543457
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2017-06-01
2018-05-31
03543457
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2017-06-01
2018-05-31
03543457
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2017-06-01
2018-05-31
03543457
ns10:FullAccounts
2017-06-01
2018-05-31
03543457
ns10:OrdinaryShareClass1
2017-06-01
2018-05-31
03543457
ns10:OrdinaryShareClass2
2017-06-01
2018-05-31
03543457
ns10:Director2
2017-06-01
2018-05-31
03543457
ns10:Director3
2017-06-01
2018-05-31
03543457
ns10:Director4
2017-06-01
2018-05-31
03543457
ns10:CompanySecretary1
2017-06-01
2018-05-31
03543457
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2017-06-01
2018-05-31
03543457
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2018-05-31
03543457
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2017-05-31
03543457
ns5:ShareCapital
2018-05-31
03543457
ns5:ShareCapital
2017-05-31
03543457
ns5:CapitalRedemptionReserve
2018-05-31
03543457
ns5:CapitalRedemptionReserve
2017-05-31
03543457
ns5:RetainedEarningsAccumulatedLosses
2018-05-31
03543457
ns5:RetainedEarningsAccumulatedLosses
2017-05-31
03543457
ns5:FurnitureFittings
2017-06-01
2018-05-31
03543457
ns5:MotorVehicles
2017-06-01
2018-05-31
03543457
ns5:FurnitureFittings
2017-05-31
03543457
ns5:MotorVehicles
2017-05-31
03543457
ns5:FurnitureFittings
2018-05-31
03543457
ns5:MotorVehicles
2018-05-31
03543457
ns5:FurnitureFittings
2017-05-31
03543457
ns5:MotorVehicles
2017-05-31
03543457
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2018-05-31
03543457
ns5:CurrentFinancialInstruments
ns5:WithinOneYear
2017-05-31
03543457
ns5:WithinOneYear
2018-05-31
03543457
ns5:WithinOneYear
2017-05-31
03543457
ns5:BetweenOneFiveYears
2018-05-31
03543457
ns5:BetweenOneFiveYears
2017-05-31
03543457
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2018-05-31
03543457
ns5:AllPeriods
2017-05-31
03543457
ns10:OrdinaryShareClass1
2018-05-31
03543457
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2018-05-31
03543457
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2017-05-31
03543457
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2017-05-31
03543457
ns5:RetainedEarningsAccumulatedLosses
2017-06-01
2018-05-31
03543457
ns10:Director1
1
2017-05-31
03543457
ns10:Director1
1
2016-05-31
03543457
ns10:Director1
1
2017-06-01
2018-05-31
03543457
ns10:Director1
1
2016-06-01
2017-05-31
03543457
ns10:Director1
1
2018-05-31
03543457
ns10:Director1
1
2017-05-31
REGISTERED NUMBER:
03543457
(England and Wales)
|
|
for the Year Ended 31 May 2018
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|
|
Notes to the Financial Statements
|
3
|
|
|
REGISTERED OFFICE:
|
Unit 1
|
|
REGISTERED NUMBER:
|
03543457 (England and Wales)
|
Tangible assets
|
4
|
300,732
|
|
308,687
|
|
|
Stocks
|
5
|
1,276,414
|
|
1,118,241
|
|
|
Debtors
|
6
|
1,348,946
|
|
1,443,770
|
|
|
Cash at bank
|
3,856,927
|
|
2,860,593
|
|
|
Amounts falling due within one year
|
7
|
1,660,157
|
|
1,515,017
|
|
|
NET CURRENT ASSETS
|
4,822,130
|
|
3,907,587
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
5,122,862
|
|
4,216,274
|
|
|
PROVISIONS FOR LIABILITIES
|
2,219
|
|
-
|
|
|
NET ASSETS
|
5,120,643
|
|
4,216,274
|
|
|
Called up share capital
|
9
|
102
|
|
102
|
|
|
Capital redemption reserve
|
10
|
5
|
|
5
|
|
|
Retained earnings
|
10
|
5,120,536
|
|
4,216,167
|
|
|
SHAREHOLDERS' FUNDS
|
5,120,643
|
|
4,216,274
|
|
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on
18 July 2018 and were signed on its
behalf by:
|
|
Mana-Tech 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
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The presentation currency of the financial statements is the Pound Sterling (£).
|
|
Basis of preparing the financial statements
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|
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention. |
|
Turnover is measured at the fair value of the consideration received or receivable, excluding
|
|
discounts, rebates, value added tax and other sales taxes.
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|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
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Fixtures and fittings
|
-
|
at variable rates on reducing balance |
|
Motor vehicles
|
-
|
25% on reducing balance |
|
Stocks have been valued at the lower of cost and estimated selling price less costs to sell. Provision is
|
|
made for obsolete and slow-moving stock where appropriate.
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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
|
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Current or deferred taxation assets and liabilities are not discounted.
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
|
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enacted or substantively enacted by the balance sheet date.
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed
|
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at the balance sheet date.
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods
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|
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.
|
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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
|
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Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling
|
|
at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate
|
|
of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving
|
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Pension costs and other post-retirement benefits
|
|
The company operates a defined contribution pension scheme. Contributions payable to the
|
|
company's pension scheme are charged to profit or loss in the period to which they relate.
|
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Short term debtors are measured at transaction price less any impairment. Any losses arising from
|
|
impairment are recognised in profit or loss.
|
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Short term creditors are measured at transaction price.
|
3.
|
EMPLOYEES AND DIRECTORS
|
|
The average number of employees during the year was
8 (2017 -
8 ) .
|
|
At 1 June 2017
|
228,807
|
|
346,284
|
|
575,091
|
|
|
|
Additions
|
25,585
|
|
110,541
|
|
136,126
|
|
|
|
Disposals
|
(12,694
|
) |
(131,994
|
) |
(144,688
|
) |
|
|
At 31 May 2018
|
241,698
|
|
324,831
|
|
566,529
|
|
|
|
At 1 June 2017
|
138,284
|
|
128,120
|
|
266,404
|
|
|
|
Charge for year
|
16,374
|
|
60,111
|
|
76,485
|
|
|
|
Eliminated on disposal
|
(1,887
|
) |
(75,205
|
) |
(77,092
|
) |
|
|
At 31 May 2018
|
152,771
|
|
113,026
|
|
265,797
|
|
|
|
At 31 May 2018
|
88,927
|
|
211,805
|
|
300,732
|
|
|
|
At 31 May 2017
|
90,523
|
|
218,164
|
|
308,687
|
|
|
|
Stocks
|
1,276,414
|
|
1,118,241
|
|
|
6.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade debtors
|
1,289,226
|
|
1,087,039
|
|
|
|
Other debtors
|
6,441
|
|
12,901
|
|
|
|
Directors' loan accounts
|
- |
|
285,617
|
|
|
|
Called up share capital not paid
|
-
|
|
7
|
|
|
|
Prepayments and accrued income
|
53,279
|
|
58,206
|
|
|
7.
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Trade creditors
|
953,402
|
|
981,987
|
|
|
|
Corporation tax
|
299,831
|
|
193,606
|
|
|
|
Social security and other taxes
|
321,083
|
|
253,938
|
|
|
|
Directors' current accounts
|
6,513
|
|
1,207
|
|
|
|
Accrued expenses
|
79,328
|
|
84,279
|
|
|
|
Minimum lease payments under non-cancellable operating leases fall due as follows:
|
|
Within one year
|
116,625
|
|
87,875
|
|
|
|
Between one and five years
|
54,573
|
|
61,948
|
|
|
9.
|
CALLED UP SHARE CAPITAL
|
|
Allotted, issued and fully paid:
|
|
Number:
|
Class:
|
Nominal
|
31.5.18
|
|
31.5.17
|
|
Number:
|
Class:
|
Nominal
|
31.5.18
|
|
31.5.17
|
|
At 1 June 2017
|
4,216,167
|
|
5
|
|
4,216,172 |
|
|
|
Profit for the year
|
1,318,536
|
|
1,318,536
|
|
|
|
Dividends
|
(414,167
|
) |
(414,167
|
) |
|
|
At 31 May 2018
|
5,120,536
|
|
5
|
|
5,120,541 |
|
|
11.
|
DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
|
|
The Report of the Auditors was unqualified.
|
|
Michaela Edwards FCA (Senior Statutory Auditor)
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|
for and on behalf of
Bourne & Co |
12.
|
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
|
|
The following advances and credits to a director subsisted during the years ended 31 May 2018 and
|
|
Balance outstanding at start of year
|
285,617
|
|
-
|
|
|
|
Amounts advanced
|
-
|
|
285,617
|
|
|
|
Amounts repaid
|
(285,617
|
) |
-
|
|
|
|
Balance outstanding at end of year
|
-
|
|
285,617
|
|
|
|
The above loan was repayable on or before 31st January 2018 and interest was payable on the loan
|
|
at an annual rate of 3% above base rate.
|