2022-08-012023-07-312023-07-31false03101454MANNING & COMPANY (SOUTH WEST) 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MANNING & COMPANY (SOUTH WEST) LIMITED

Registered Number
03101454
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

MANNING & COMPANY (SOUTH WEST) LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

Patrick Goddard
Lisa Faye Julian
Michael Legassick
Paul Northmore

Company Secretary

Paul Northmore

Registered Address

C/O Businessvision Unit 4, Sandy Court, Ashleigh Way
Plympton
Plymouth
PL7 5JX

Registered Number

03101454 (England and Wales)
MANNING & COMPANY (SOUTH WEST) LIMITED
Balance Sheet as at
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets5173,150115,859
Tangible assets616,86220,805
190,012136,664
Current assets
Debtors8380,098451,297
Cash at bank and on hand197,683335,538
577,781786,835
Creditors amounts falling due within one year9(168,518)(220,256)
Net current assets (liabilities)409,263566,579
Total assets less current liabilities599,275703,243
Creditors amounts falling due after one year10(166,610)(238,297)
Provisions for liabilities11(3,204)(3,953)
Net assets429,461460,993
Capital and reserves
Called up share capital1,3051,100
Profit and loss account428,156459,893
Shareholders' funds429,461460,993
The financial statements were approved and authorised for issue by the Board of Directors on 16 January 2024, and are signed on its behalf by:
Paul Northmore
Director
Registered Company No. 03101454
MANNING & COMPANY (SOUTH WEST) LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Intangible assets policy
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year813
5.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 22115,859115,859
Additions57,29157,291
At 31 July 23173,150173,150
Net book value
At 31 July 23173,150173,150
At 31 July 22115,859115,859
6.Property, plant and equipment

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 August 2210,000123,501133,501
Additions-3,2723,272
At 31 July 2310,000126,773136,773
Depreciation and impairment
At 01 August 2210,000102,696112,696
Charge for year-7,2157,215
At 31 July 2310,000109,911119,911
Net book value
At 31 July 23-16,86216,862
At 31 July 22-20,80520,805
7.Description of nature of transactions and balances with related parties
At the year end the company was owed £0.00 by PK Northmore, Director (2022 - the company owed PK Northmore £33,783.) At the year end the company owed PK Northmore Ltd £10,053, a company in which PK Northmore director, is also a director (2022 - £10,053.) At the year end the company was owed £12,500 by LF Julian Ltd, a company in which LF Julian, director is also a director (2022 - £12,500) At the year end the company was owed £12,500 by PJ Goddard Ltd, a company in which PJ Goddard, director is also a director (2022 - £12,500.)
8.Debtors

2023

2022

££
Trade debtors / trade receivables100,000137,500
Other debtors277,174310,898
Prepayments and accrued income2,9242,899
Total380,098451,297
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables76,000103,125
Bank borrowings and overdrafts69,96570,564
Taxation and social security-24,014
Other creditors22,55322,553
Total168,518220,256
10.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts93,232162,702
Other creditors73,37875,595
Total166,610238,297
11.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)3,2043,953
Total3,2043,953