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Company Registration No. 10580537 (England and Wales)
Manorville Cars Ltd Unaudited accounts for the year ended 31 January 2023
Manorville Cars Ltd Unaudited accounts Contents
Page
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Manorville Cars Ltd Company Information for the year ended 31 January 2023
Directors
James Hayes Anthony Hayes
Company Number
10580537 (England and Wales)
Registered Office
C/O SWIFT ACCOUNTING, Ground Floor The Custom House, The Strand Barnstaple Devon EX31 1EU UNITED KINGDOM
Accountants
Swift Accounting & Bookkeeping Services Ltd Ground Floor, The Custom House The Strand Barnstaple Devon EX31 1EU
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Manorville Cars Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
112 
140 
Current assets
Inventories
34,795 
48,000 
Debtors
15,737 
9,911 
Cash at bank and in hand
13,950 
7,528 
64,482 
65,439 
Creditors: amounts falling due within one year
(10,567)
(7,279)
Net current assets
53,915 
58,160 
Total assets less current liabilities
54,027 
58,300 
Creditors: amounts falling due after more than one year
(40,741)
(46,297)
Net assets
13,286 
12,003 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
13,186 
11,903 
Shareholders' funds
13,286 
12,003 
For the year ending 31 January 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
James Hayes Director Company Registration No. 10580537
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Manorville Cars Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Manorville Cars Ltd is a private company, limited by shares, registered in England and Wales, registration number 10580537. The registered office is C/O SWIFT ACCOUNTING, Ground Floor, The Custom House, The Strand, Barnstaple, Devon, EX31 1EU, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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:
Plant & machinery
20% reducing balance
Computer equipment
3 years straight line
Deferred taxation
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Manorville Cars Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
175 
299 
474 
At 31 January 2023
175 
299 
474 
Depreciation
At 1 February 2022
35 
299 
334 
Charge for the year
28 
- 
28 
At 31 January 2023
63 
299 
362 
Net book value
At 31 January 2023
112 
- 
112 
At 31 January 2022
140 
- 
140 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
15,737 
9,911 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,053 
608 
Trade creditors
3,074 
638 
Taxes and social security
1,306 
999 
Loans from directors
5,134 
5,034 
10,567 
7,279 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
40,741 
46,297 
The £50,000 loan received during the year relates to the Bounce Back Loan and is unsecured.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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