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REGISTERED NUMBER: 08141384 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

MANN TRADING LIMITED

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANN TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: D S Mann
Mrs S K Mann





REGISTERED OFFICE: Harpal House
14 Holyhead Road
Handsworth
Birmingham
West Midlands
B21 0LT





REGISTERED NUMBER: 08141384 (England and Wales)

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 110 120
Tangible assets 5 6,273 6,614
Investment property 6 442,698 442,698
449,081 449,432

CURRENT ASSETS
Stocks 7 9,563 10,236
Debtors 8 1,334 772
Cash at bank 243,205 340,612
254,102 351,620
CREDITORS
Amounts falling due within one year 9 261,180 336,083
NET CURRENT (LIABILITIES)/ASSETS (7,078 ) 15,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,003

464,969

CREDITORS
Amounts falling due after more than one
year

10

51,333

65,333
NET ASSETS 390,670 399,636

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 13 389,670 398,636
SHAREHOLDERS' FUNDS 390,670 399,636

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

BALANCE SHEET - continued
31 JULY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2024 and were signed on its behalf by:





D S Mann - Director


MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Mann Trading Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets - trade marks
Trade Marks being amortised evenly over its estimated useful economic life of 20 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 August 2022
and 31 July 2023 80,000 200 80,200
AMORTISATION
At 1 August 2022 80,000 80 80,080
Amortisation for year - 10 10
At 31 July 2023 80,000 90 80,090
NET BOOK VALUE
At 31 July 2023 - 110 110
At 31 July 2022 - 120 120

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2022 15,145 1,155 16,300
Additions 773 - 773
At 31 July 2023 15,918 1,155 17,073
DEPRECIATION
At 1 August 2022 8,596 1,090 9,686
Charge for year 1,098 16 1,114
At 31 July 2023 9,694 1,106 10,800
NET BOOK VALUE
At 31 July 2023 6,224 49 6,273
At 31 July 2022 6,549 65 6,614

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 August 2022
and 31 July 2023 442,698
NET BOOK VALUE
At 31 July 2023 442,698
At 31 July 2022 442,698

7. STOCKS
31/7/23 31/7/22
£    £   
Stocks 9,563 10,236

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
VAT 1,334 772

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts (see note 11) 545 118
Trade creditors 15,466 14,248
Tax 2,618 11,128
Social security and other taxes (2,190 ) -
Other creditors 67 -
Directors' current accounts 242,974 308,889
Accrued expenses 1,700 1,700
261,180 336,083

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans (see note 11) 51,333 65,333

11. LOANS

An analysis of the maturity of loans is given below:

31/7/23 31/7/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 545 118

Amounts falling due between two and five years:
Funding Circle- 2-5 years 51,333 65,333

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. RESERVES
Retained
earnings
£   

At 1 August 2022 398,636
Profit for the year 17,034
Dividends (26,000 )
At 31 July 2023 389,670

MANN TRADING LIMITED (REGISTERED NUMBER: 08141384)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

14. RELATED PARTY DISCLOSURES

During the year, total dividends of £26,000 (2022 - £26,000) were paid to the directors .

The Freehold of the property at Unit 4 Hawthorns Industrial Estate, Middlemore Road, Handsworth, Birmingham B21 0BH is owned by the directors of the Company. A Rental charge of £ 20,000 (£20,,000- 2022) is paid to them.