Registered number
13524548
Manholemetrics Limited
Filleted Accounts
31 December 2023
Manholemetrics Limited
Registered number: 13524548
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,915 2,327
Current assets
Stocks 3,501 -
Cash at bank and in hand 195,637 2,879
199,138 2,879
Creditors: amounts falling due within one year 4 (27,555) (14,897)
Net current assets/(liabilities) 171,583 (12,018)
Net assets/(liabilities) 176,498 (9,691)
Capital and reserves
Called up share capital 1 1
Share premium 302,365 -
Profit and loss account (125,868) (9,692)
Shareholders' funds 176,498 (9,691)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
W T Dubin
Director
Approved by the board on 16 April 2024
Manholemetrics Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 2,909
Additions 3,962
At 31 December 2023 6,871
Depreciation
At 1 January 2023 582
Charge for the year 1,374
At 31 December 2023 1,956
Net book value
At 31 December 2023 4,915
At 31 December 2022 2,327
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 625 605
Taxation and social security costs (3,109) -
Director's current account 30,039 14,292
27,555 14,897
5 Other information
Manholemetrics Limited is a private company limited by shares and incorporated in England. Its registered office is:
14 Stanley Gardens
London
W11 2NE
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