Company Registration No. 03090889 (England and Wales)
Manly Company Limited
Unaudited accounts
for the year ended 31 July 2023
Manly Company Limited
Unaudited accounts
Contents
Manly Company Limited
Company Information
for the year ended 31 July 2023
Director
Mr Alan Jefferson Lee
Secretary
Mrs Melanie Jane Lee
Company Number
03090889 (England and Wales)
Registered Office
The Limes, Wood Road
Nailstone
Nuneaton
Warwickshire
CV13 0QP
Accountants
CBS & Co
The Limes, Wood Road
Nailstone
Nuneaton
Warks
CV13 0QP
Manly Company Limited
Statement of financial position
as at 31 July 2023
Tangible assets
90,507
109,634
Cash at bank and in hand
133,743
85,154
Creditors: amounts falling due within one year
(146,259)
(164,158)
Net current assets
127,656
152,303
Total assets less current liabilities
218,163
261,937
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Net assets
198,163
231,937
Called up share capital
100
100
Profit and loss account
198,063
231,837
Shareholders' funds
198,163
231,937
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 24 April 2024 and were signed on its behalf by
Mr Alan Jefferson Lee
Director
Company Registration No. 03090889
Manly Company Limited
Notes to the Accounts
for the year ended 31 July 2023
Manly Company Limited is a private company, limited by shares, registered in England and Wales, registration number 03090889. The registered office is The Limes, Wood Road, Nailstone, Nuneaton, Warwickshire, CV13 0QP.
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
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% 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.
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 is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Manly Company Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
238,247
165,095
10,782
414,124
At 31 July 2023
239,347
165,095
10,782
415,224
At 1 August 2022
168,976
128,922
6,592
304,490
Charge for the year
10,556
9,043
628
20,227
At 31 July 2023
179,532
137,965
7,220
324,717
At 31 July 2023
59,815
27,130
3,562
90,507
At 31 July 2022
69,271
36,173
4,190
109,634
Amounts falling due within one year
Trade debtors
114,584
219,209
Accrued income and prepayments
10,206
2,559
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Trade creditors
28,604
34,070
Taxes and social security
11,520
18,487
Other creditors
11,690
21,432
Loans from directors
84,445
80,169
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
A J Lee, the director, controls the company as a result of directly controlling 60% of the issued ordinary share capital.
Manly Company Limited
Notes to the Accounts
for the year ended 31 July 2023
10
Average number of employees
During the year the average number of employees was 6 (2022: 6).