Company Registration No. 2601418 (England and Wales)
Manorfind Limited
Unaudited accounts
for the period from 27 April 2022 to 30 April 2023
Manorfind Limited
Unaudited accounts
Contents
Manorfind Limited
Company Information
for the period from 27 April 2022 to 30 April 2023
Directors
M Di Iulio
G Di Iulio
Company Number
2601418 (England and Wales)
Registered Office
Virginia Heights
Knowle Hill
Virginia Water
Surrey
GU25 4HZ
Accountants
Ashby & Company
14 Bishearne Gardens
Liss
Hampshire
GU33 7SB
Manorfind Limited
Statement of financial position
as at 30 April 2023
Tangible assets
101,769
81,933
Cash at bank and in hand
10,744
21,382
Creditors: amounts falling due within one year
(81,714)
(58,760)
Net current liabilities
(56,208)
(24,119)
Total assets less current liabilities
45,561
57,814
Creditors: amounts falling due after more than one year
(26,751)
(28,792)
Provisions for liabilities
Other provisions
(4,706)
(1,317)
Called up share capital
100
100
Profit and loss account
14,004
27,605
Shareholders' funds
14,104
27,705
For the period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2024 and were signed on its behalf by
M Di Iulio
Director
Company Registration No. 2601418
Manorfind Limited
Notes to the Accounts
for the period from 27 April 2022 to 30 April 2023
Manorfind Limited is a private company, limited by shares, registered in England and Wales, registration number 2601418. The registered office is Virginia Heights, Knowle Hill, Virginia Water, Surrey, GU25 4HZ.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services, net of VAT and discounts, provided in the normal course of business.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
Assets held under hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Manorfind Limited
Notes to the Accounts
for the period from 27 April 2022 to 30 April 2023
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost.
3
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 27 April 2022
75,000
1,913
33,871
110,784
Additions
2,000
23,995
1,355
27,350
At 30 April 2023
77,000
25,908
35,226
138,134
At 27 April 2022
-
1,017
27,834
28,851
Charge for the period
-
5,723
1,791
7,514
At 30 April 2023
-
6,740
29,625
36,365
At 30 April 2023
77,000
19,168
5,601
101,769
At 26 April 2022
75,000
896
6,037
81,933
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Manorfind Limited
Notes to the Accounts
for the period from 27 April 2022 to 30 April 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,959
8,622
Obligations under finance leases and hire purchase contracts
6,662
-
Trade creditors
16,838
1,241
Taxes and social security
6,182
2,617
Other creditors
21,106
29,539
6
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
7,960
-
The loan is secured by the government.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
There is an amount due of £5,810 (2022: £3,245) from a company under company control. The amount due is unsecured, interest free and repayable on demand.
9
Average number of employees
During the period the average number of employees was 4 (2022: 4).