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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
Page
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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
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Manly Company Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
90,507 
109,634 
Current assets
Inventories
5,847 
5,368 
Debtors
134,325 
225,939 
Cash at bank and in hand
133,743 
85,154 
273,915 
316,461 
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 
Capital and reserves
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
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Manly Company Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
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 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
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 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 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.
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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 
Additions
1,100 
- 
- 
1,100 
At 31 July 2023
239,347 
165,095 
10,782 
415,224 
Depreciation
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 
Net book value
At 31 July 2023
59,815 
27,130 
3,562 
90,507 
At 31 July 2022
69,271 
36,173 
4,190 
109,634 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,535 
4,171 
Trade debtors
114,584 
219,209 
Accrued income and prepayments
10,206 
2,559 
134,325 
225,939 
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 
146,259 
164,158 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
30,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Controlling party
A J Lee, the director, controls the company as a result of directly controlling 60% of the issued ordinary share capital.
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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).
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