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REGISTERED NUMBER: 02903675 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MAN JOHN LIMITED

MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MAN JOHN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: A N Moorcroft
Mrs L J Moorcroft
P J Moorcroft
S Moorcroft
Mrs K Moorcroft





SECRETARY: A N Moorcroft





REGISTERED OFFICE: 2 Sir Isaacs Walk
Colchester
Essex
CO1 1JJ





REGISTERED NUMBER: 02903675 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,992 237,192

CURRENT ASSETS
Stocks 181,915 149,529
Debtors 5 231 1,114
Cash at bank 3,405 6,833
185,551 157,476
CREDITORS
Amounts falling due within one year 6 162,505 120,219
NET CURRENT ASSETS 23,046 37,257
TOTAL ASSETS LESS CURRENT
LIABILITIES

255,038

274,449

CREDITORS
Amounts falling due after more than one
year

7

(126,932

)

(150,063

)

PROVISIONS FOR LIABILITIES (4,300 ) (5,300 )
NET ASSETS 123,806 119,086

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,706 118,986
SHAREHOLDERS' FUNDS 123,806 119,086

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)

BALANCE SHEET - continued
31 OCTOBER 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 23 July 2024 and were signed on its behalf by:





P J Moorcroft - Director


MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)

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

1. STATUTORY INFORMATION

Man John 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - not provided
Fixtures and fittings - from 20% to 33% on reducing balance

No depreciation has been provided in respect of freehold property although this is a requirement of Financial Reporting Standard 102. The directors are of the opinion, based on an annual review for impairment, that any such provision would not be material. The property was valued by an independent valuer in 2024 at a value in excess of the amount at which it is stated in the financial statements.

Government grants
Government Grants in relation to expenditure are credited when the expenditure is charged to profit and 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.


MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 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 6 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings Totals
£    £    £    £   
COST
At 1 November 2022 191,181 18,141 144,437 353,759
Additions - - 467 467
At 31 October 2023 191,181 18,141 144,904 354,226
DEPRECIATION
At 1 November 2022 - - 116,567 116,567
Charge for year - - 5,667 5,667
At 31 October 2023 - - 122,234 122,234
NET BOOK VALUE
At 31 October 2023 191,181 18,141 22,670 231,992
At 31 October 2022 191,181 18,141 27,870 237,192

The freehold property was valued independently in 2024 at an open market value of £300,000. The directors consider the valuation at the balance sheet date to be not materially different.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 231 1,114



MAN JOHN LIMITED (REGISTERED NUMBER: 02903675)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,755 33,991
Trade creditors 104,209 62,697
Corporation tax 2,780 2,940
Value Added Tax, payroll taxes & social
security

14,242

17,551
Other creditors - Directors current account 1 121
Accruals 2,518 2,919
162,505 120,219

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 38,755 33,991
Bank loans - 2-5 years 58,485 73,787
Bank loans repayable in more than 5 years
by instalments

29,692

42,285
126,932 150,063

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable in more than 5 years
by instalments

29,692

42,285

8. SECURED DEBTS

A bank loan with outstanding balance of £103,923 is secured by a first legal mortgage on the freehold property, and by a fixed and floating charge over all of the assets of the company.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,700 (2022 - £24,667) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The company is under the control of P J Moorcroft.