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REGISTERED NUMBER: 04367994 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Mantaray Abseil Limited

Mantaray Abseil Limited (Registered number: 04367994)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mantaray Abseil Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N N A Farrer
Mrs L Wielesiuk-Farrer





SECRETARY: E Farrer





REGISTERED OFFICE: Unit D
South Cambridge Business Park
Babraham Road
Sawston
Cambridgeshire
CB22 3JH





REGISTERED NUMBER: 04367994 (England and Wales)





ACCOUNTANTS: Tyrrell Accountants
Unit D
South Cambs Business Park
Sawston
Cambridge
Cambridgeshire
CB22 3JH

Mantaray Abseil Limited (Registered number: 04367994)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,116 39,453
Investments 6 229,150 229,150
260,266 268,603

CURRENT ASSETS
Debtors 7 157,017 148,400
Cash at bank 1,103,704 1,019,015
1,260,721 1,167,415
CREDITORS
Amounts falling due within one year 8 94,162 66,865
NET CURRENT ASSETS 1,166,559 1,100,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,426,825

1,369,153

CREDITORS
Amounts falling due after more than one
year

9

29,387

29,387
NET ASSETS 1,397,438 1,339,766

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,397,436 1,339,764
SHAREHOLDERS' FUNDS 1,397,438 1,339,766

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

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

Mantaray Abseil Limited (Registered number: 04367994)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





N N A Farrer - Director


Mantaray Abseil Limited (Registered number: 04367994)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Mantaray Abseil 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 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2022 - 4 ) .

Mantaray Abseil Limited (Registered number: 04367994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 15,000
AMORTISATION
At 1 April 2022
and 31 March 2023 15,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 25,940 83,372 20,462 129,774
Additions 898 - 784 1,682
At 31 March 2023 26,838 83,372 21,246 131,456
DEPRECIATION
At 1 April 2022 13,436 61,333 15,552 90,321
Charge for year 3,239 5,510 1,270 10,019
At 31 March 2023 16,675 66,843 16,822 100,340
NET BOOK VALUE
At 31 March 2023 10,163 16,529 4,424 31,116
At 31 March 2022 12,504 22,039 4,910 39,453

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 229,150
NET BOOK VALUE
At 31 March 2023 229,150
At 31 March 2022 229,150

Mantaray Abseil Limited (Registered number: 04367994)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 66,778 58,767
Other debtors 90,239 89,633
157,017 148,400

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (238 ) 700
Taxation and social security 91,833 61,745
Other creditors 2,567 4,420
94,162 66,865

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 29,387 29,387