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REGISTERED NUMBER: 04611524 (England and Wales)














Unaudited Financial Statements

for the Period 1 March 2022 to 27 February 2023

for

Manifold Commercials Limited

Manifold Commercials Limited (Registered number: 04611524)






Contents of the Financial Statements
for the Period 1 March 2022 to 27 February 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


Manifold Commercials Limited (Registered number: 04611524)

Balance Sheet
27 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 38,372 42,210
38,372 42,210

CURRENT ASSETS
Stocks 3,333 8,000
Debtors 6 331,552 331,551
Cash at bank 304 197
335,189 339,748
CREDITORS
Amounts falling due within one year 7 112,136 115,748
NET CURRENT ASSETS 223,053 224,000
TOTAL ASSETS LESS CURRENT LIABILITIES 261,425 266,210

CREDITORS
Amounts falling due after more than one year 8 (93,807 ) (96,805 )

PROVISIONS FOR LIABILITIES (936 ) (1,847 )
NET ASSETS 166,682 167,558

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 166,681 167,557
166,682 167,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Manifold Commercials Limited (Registered number: 04611524)

Balance Sheet - continued
27 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 January 2024 and were signed by:





Mr J Wain - Director


Manifold Commercials Limited (Registered number: 04611524)

Notes to the Financial Statements
for the Period 1 March 2022 to 27 February 2023

1. STATUTORY INFORMATION

Manifold Commercials Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04611524

Registered office: Manifold House, Waterhouses
Stoke On Trent
Staffordshire
ST10 3JS

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 is recognised at the fair value of the consideration received or receivable for goods and services
provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Workshop - 4% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Manifold Commercials Limited (Registered number: 04611524)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 27 February 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 27 February 2023 30,000
AMORTISATION
At 1 March 2022
and 27 February 2023 30,000
NET BOOK VALUE
At 27 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
Workshop machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022
and 27 February 2023 65,155 97,390 15,350 177,895
DEPRECIATION
At 1 March 2022 29,103 92,673 13,909 135,685
Charge for period 2,606 943 289 3,838
At 27 February 2023 31,709 93,616 14,198 139,523
NET BOOK VALUE
At 27 February 2023 33,446 3,774 1,152 38,372
At 28 February 2022 36,052 4,717 1,441 42,210

Manifold Commercials Limited (Registered number: 04611524)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 27 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,000 40,000
Amounts owed by group undertakings 291,514 291,514
Other debtors 38 37
331,552 331,551

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,985 8,985
Trade creditors - 465
Taxation and social security 591 453
Other creditors 102,560 105,845
112,136 115,748

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 93,807 96,805

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 57,867 60,865