Company Registration No. 01735252 (England and Wales)
Manor Products Limited
Unaudited accounts
for the year ended 31 October 2023
Manor Products Limited
Unaudited accounts
Contents
Manor Products Limited
Company Information
for the year ended 31 October 2023
Directors
Mr Malcolm Leigh
Mrs Wendy Leigh
Company Number
01735252 (England and Wales)
Registered Office
Low Mill
Town Lane
Whittle Le Woods
Chorley
PR6 6DJ
Accountants
My Clear Accounts Limited
39 Fieldside Avenue
Euxton
Chorley
Lancashire
PR7 6JF
Manor Products Limited
Statement of financial position
as at 31 October 2023
Tangible assets
10,210
11,884
Cash at bank and in hand
98,813
92,229
Creditors: amounts falling due within one year
(94,319)
(86,364)
Net current assets
12,197
18,766
Total assets less current liabilities
22,407
30,650
Creditors: amounts falling due after more than one year
(15,874)
(25,812)
Called up share capital
100
100
Profit and loss account
6,420
4,725
Shareholders' funds
6,533
4,838
For the year ending 31 October 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 18 April 2024 and were signed on its behalf by
Mr Malcolm Leigh
Director
Company Registration No. 01735252
Manor Products Limited
Notes to the Accounts
for the year ended 31 October 2023
Manor Products Limited is a private company, limited by shares, registered in England and Wales, registration number 01735252. The registered office is Low Mill, Town Lane, Whittle Le Woods, Chorley, PR6 6DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Manor Products Limited
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2022
43,045
22,944
5,600
20,573
92,162
Additions
813
-
-
916
1,729
At 31 October 2023
43,858
22,944
5,600
21,489
93,891
At 1 November 2022
40,746
16,936
5,527
17,069
80,278
Charge for the year
778
1,502
18
1,105
3,403
At 31 October 2023
41,524
18,438
5,545
18,174
83,681
At 31 October 2023
2,334
4,506
55
3,315
10,210
At 31 October 2022
2,299
6,008
73
3,504
11,884
Amounts falling due within one year
Accrued income and prepayments
6,604
4,917
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,650
10,650
Trade creditors
31,247
30,203
Taxes and social security
9,070
8,467
Proposed dividends
22,000
20,000
7
Creditors: amounts falling due after more than one year
2023
2022
£50,000 taken through the Government's Bounce Back Loan Scheme (BBLS) in June 2020 due to the Coronavirus outbreak, repayable over 5 years
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Manor Products Limited
Notes to the Accounts
for the year ended 31 October 2023
Company runs a pension scheme with NEST in line with the requirements of Auto Enrolment
10
Operating lease commitments
2023
2022
At 31 October 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
2,501
4,001
11
Average number of employees
During the year the average number of employees was 6 (2022: 6).