Silverfin false 28/02/2023 01/03/2022 28/02/2023 Dr M Mclean 25/02/2008 28 November 2023 The principal activity of the Company during the financial year was to provide management and development consultancy to public and private sector organisations. 06512292 2023-02-28 06512292 bus:Director1 2023-02-28 06512292 2022-02-28 06512292 core:CurrentFinancialInstruments 2023-02-28 06512292 core:CurrentFinancialInstruments 2022-02-28 06512292 core:ShareCapital 2023-02-28 06512292 core:ShareCapital 2022-02-28 06512292 core:RetainedEarningsAccumulatedLosses 2023-02-28 06512292 core:RetainedEarningsAccumulatedLosses 2022-02-28 06512292 core:OfficeEquipment 2022-02-28 06512292 core:OfficeEquipment 2023-02-28 06512292 bus:OrdinaryShareClass1 2023-02-28 06512292 2022-03-01 2023-02-28 06512292 bus:FullAccounts 2022-03-01 2023-02-28 06512292 bus:SmallEntities 2022-03-01 2023-02-28 06512292 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 06512292 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 06512292 bus:Director1 2022-03-01 2023-02-28 06512292 core:OfficeEquipment 2022-03-01 2023-02-28 06512292 2021-03-01 2022-02-28 06512292 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 06512292 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 06512292 (England and Wales)

MANAGE EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

MANAGE EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

MANAGE EUROPE LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
MANAGE EUROPE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTOR Dr M Mclean
SECRETARY J Youngson
REGISTERED OFFICE WINTER RULE LLP
Lowin House Tregolls Road
Truro
TR1 2NA
United Kingdom
COMPANY NUMBER 06512292 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
BANKERS Lloyds TSB Bank
Killigrew Street
Falmouth
Cornwall
MANAGE EUROPE LIMITED

BALANCE SHEET

As at 28 February 2023
MANAGE EUROPE LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 5,384 3,742
5,384 3,742
Current assets
Debtors 4 19,221 31,518
Investments 50 50
Cash at bank and in hand 5 4,838 4,540
24,109 36,108
Creditors: amounts falling due within one year 6 ( 7,119) ( 8,312)
Net current assets 16,990 27,796
Total assets less current liabilities 22,374 31,538
Net assets 22,374 31,538
Capital and reserves
Called-up share capital 7 1 1
Profit and loss account 22,373 31,537
Total shareholders' funds 22,374 31,538

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Manage Europe Limited (registered number: 06512292) were approved and authorised for issue by the Director on 28 November 2023. They were signed on its behalf by:

Dr M Mclean
Director
MANAGE EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
MANAGE EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Manage Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is WINTER RULE LLP, Lowin House Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of training courses and consultancy services.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 March 2022 15,005 15,005
Additions 3,437 3,437
At 28 February 2023 18,442 18,442
Accumulated depreciation
At 01 March 2022 11,263 11,263
Charge for the financial year 1,795 1,795
At 28 February 2023 13,058 13,058
Net book value
At 28 February 2023 5,384 5,384
At 28 February 2022 3,742 3,742

4. Debtors

2023 2022
£ £
Trade debtors 3,081 8,615
Amounts owed by director 4,186 6,011
Accrued income 2,020 3,034
Corporation tax 9,934 11,783
Other debtors 0 2,075
19,221 31,518

5. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 4,838 4,540

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 1,873 0
Accruals 4,775 5,900
Taxation and social security 460 2,401
Other creditors 11 11
7,119 8,312

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1

8. Related party transactions

Transactions with the entity's director

2023 2022
£ £
Interest free loan to Dr M Mclean 4,186 6,011

Advances

Additional advances were made to the directors of £10,076 while repayments of £11,900 were made to the company.