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REGISTERED NUMBER: 07530668 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

MANAGED ACRES LTD

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANAGED ACRES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 February 2023







DIRECTOR: B O W Chick





REGISTERED OFFICE: 14 Apollo Drive
Bordon
GU35 0DX





REGISTERED NUMBER: 07530668 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,766 41,003

CURRENT ASSETS
Debtors 5 26,887 48,018
Cash at bank 65,835 84,339
92,722 132,357
CREDITORS
Amounts falling due within one year 6 43,612 76,523
NET CURRENT ASSETS 49,110 55,834
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,876

96,837

CREDITORS
Amounts falling due after more than one
year

7

27,897

20,537
NET ASSETS 76,979 76,300

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,879 76,200
76,979 76,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

BALANCE SHEET - continued
28 February 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 director and authorised for issue on 20 November 2023 and were signed by:





B O W Chick - Director


MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2023


1. STATUTORY INFORMATION

Managed Acres 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
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 or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods 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.

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 taxable profits.

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.

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

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 February 2023


2. ACCOUNTING POLICIES - continued

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 5 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2022 48,013 1,244 26,668 75,925
Additions 28,437 - 4,915 33,352
At 28 February 2023 76,450 1,244 31,583 109,277
DEPRECIATION
At 1 March 2022 20,032 210 14,680 34,922
Charge for year 14,105 258 4,226 18,589
At 28 February 2023 34,137 468 18,906 53,511
NET BOOK VALUE
At 28 February 2023 42,313 776 12,677 55,766
At 28 February 2022 27,981 1,034 11,988 41,003

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 25,445
At 28 February 2023 25,445
DEPRECIATION
Charge for year 6,361
At 28 February 2023 6,361
NET BOOK VALUE
At 28 February 2023 19,084

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 February 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,676 48,018
Other debtors 211 -
26,887 48,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 8,028 105
Trade creditors 17,388 4,359
Taxation and social security 8,043 36,604
Other creditors 10,153 35,455
43,612 76,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 27,897 20,537