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REGISTERED NUMBER: 07118310 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Manorfield (UK) Ltd

Manorfield (UK) Ltd (Registered number: 07118310)






Contents of the Financial Statements
for the year ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manorfield (UK) Ltd

Company Information
for the year ended 31 January 2023







DIRECTORS: Mr M D Barrett
Miss J A Brockwell





REGISTERED OFFICE: 3 Monks Farm Cottages
St. Mary's Lane
Upminster
Essex
RM14 3PF





REGISTERED NUMBER: 07118310 (England and Wales)





ACCOUNTANTS: Vortex Accountants Limited
Top Floor
Claridon House
London Road
Stanford Le Hope
Essex
SS17 0JU

Manorfield (UK) Ltd (Registered number: 07118310)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,194 19,091

CURRENT ASSETS
Stocks 5 183,076 86,802
Debtors 6 272,057 135,905
Cash at bank and in hand 34,041 59,563
489,174 282,270
CREDITORS
Amounts falling due within one year 7 391,632 237,503
NET CURRENT ASSETS 97,542 44,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,736

63,858

CREDITORS
Amounts falling due after more than one
year

8

131,469

42,070
NET ASSETS 22,267 21,788

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 22,265 21,786
SHAREHOLDERS' FUNDS 22,267 21,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Manorfield (UK) Ltd (Registered number: 07118310)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:





Mr M D Barrett - Director


Manorfield (UK) Ltd (Registered number: 07118310)

Notes to the Financial Statements
for the year ended 31 January 2023

1. STATUTORY INFORMATION

Manorfield (UK) 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 represents net invoiced sales and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Manorfield (UK) Ltd (Registered number: 07118310)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 21,000 39,336 - 60,336
Additions - 51,080 1,667 52,747
Disposals - (39,336 ) - (39,336 )
At 31 January 2023 21,000 51,080 1,667 73,747
DEPRECIATION
At 1 February 2022 14,355 26,890 - 41,245
Charge for year 1,661 1,120 417 3,198
Eliminated on disposal - (26,890 ) - (26,890 )
At 31 January 2023 16,016 1,120 417 17,553
NET BOOK VALUE
At 31 January 2023 4,984 49,960 1,250 56,194
At 31 January 2022 6,645 12,446 - 19,091

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2022 21,000 39,336 60,336
Additions - 51,080 51,080
Disposals - (39,336 ) (39,336 )
At 31 January 2023 21,000 51,080 72,080
DEPRECIATION
At 1 February 2022 14,355 26,890 41,245
Charge for year 1,661 1,120 2,781
Eliminated on disposal - (26,890 ) (26,890 )
At 31 January 2023 16,016 1,120 17,136
NET BOOK VALUE
At 31 January 2023 4,984 49,960 54,944
At 31 January 2022 6,645 12,446 19,091

Manorfield (UK) Ltd (Registered number: 07118310)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

5. STOCKS
2023 2022
£    £   
Work-in-progress 183,076 86,802

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 235,351 92,606
Other debtors 18,000 23,912
Directors' current accounts - 19,387
VAT 18,706 -
272,057 135,905

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 83,936 10,000
Hire purchase contracts 8,932 10,578
Trade creditors 168,769 113,503
Tax 23,077 21,164
Social security and other taxes 63,454 1,237
VAT - 31,446
Directors' current accounts 196 -
Accruals and deferred income 40,030 46,325
Accrued expenses 3,238 3,250
391,632 237,503

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 88,885 40,000
Hire purchase contracts 42,584 2,070
131,469 42,070

Manorfield (UK) Ltd (Registered number: 07118310)

Notes to the Financial Statements - continued
for the year ended 31 January 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 51,516 12,648

The bank overdraft is secured by way of personal guarantee by the Director.

The hire purchase liabilities are secured against the asset to which they relate.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M D Barrett.