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REGISTERED NUMBER: 10458541 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MANTA RAY MAKES LIMITED

MANTA RAY MAKES LIMITED (Registered number: 10458541)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023




Page

Company Information 1

Statement of Income and Retained Earnings 2

Balance Sheet 3

Notes to the Financial Statements 4

Report of the Accountants 7

MANTA RAY MAKES LIMITED

COMPANY INFORMATION
for the Year Ended 31 OCTOBER 2023







DIRECTORS: Ms L A Brooke
P P Davies





SECRETARY: Ms L A Brooke





REGISTERED OFFICE: 259 Croydon Road
Beckenham
Kent
BR3 3PS





REGISTERED NUMBER: 10458541 (England and Wales)





ACCOUNTANTS: HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS

MANTA RAY MAKES LIMITED (Registered number: 10458541)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   

TURNOVER 420,917 728,457

Cost of sales 228,266 388,224
GROSS PROFIT 192,651 340,233

Administrative expenses 124,201 140,511
OPERATING PROFIT and
PROFIT BEFORE TAXATION 68,450 199,722

Tax on profit 5 13,800 38,500
PROFIT FOR THE FINANCIAL YEAR 54,650 161,222

Retained earnings at beginning of year 295,772 202,050

Dividends 6 (50,000 ) (67,500 )

RETAINED EARNINGS AT END OF YEAR 300,422 295,772

MANTA RAY MAKES LIMITED (Registered number: 10458541)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 29,800 34,197

CURRENT ASSETS
Debtors 8 72,845 84,843
Cash at bank and in hand 283,835 449,650
356,680 534,493
CREDITORS
Amounts falling due within one year 9 85,958 272,818
NET CURRENT ASSETS 270,722 261,675
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,522

295,872

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 300,422 295,772
SHAREHOLDERS' FUNDS 300,522 295,872

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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:




P P Davies - Director



Ms L A Brooke - Director


MANTA RAY MAKES LIMITED (Registered number: 10458541)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 OCTOBER 2023

1. STATUTORY INFORMATION

MANTA RAY MAKES 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.

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

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

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.

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
31.10.23 31.10.22
£    £   
Wages and salaries 30,000 30,000

The average number of employees during the year was as follows:
31.10.23 31.10.22

Administration 2 2

4. OPERATING PROFIT

The operating profit is stated after charging:

31.10.23 31.10.22
£    £   
Depreciation - owned assets 7,449 8,634

MANTA RAY MAKES LIMITED (Registered number: 10458541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31.10.23 31.10.22
£    £   
Current tax:
UK corporation tax 13,800 38,500
Tax on profit 13,800 38,500

6. DIVIDENDS
31.10.23 31.10.22
£    £   
Ordinary shares of £1 each
Final 12,500 30,000
Interim 37,500 37,500
50,000 67,500

7. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 2,875 37,794 15,896 56,565
Additions - - 3,052 3,052
At 31 October 2023 2,875 37,794 18,948 59,617
DEPRECIATION
At 1 November 2022 1,875 13,494 6,999 22,368
Charge for year 200 4,900 2,349 7,449
At 31 October 2023 2,075 18,394 9,348 29,817
NET BOOK VALUE
At 31 October 2023 800 19,400 9,600 29,800
At 31 October 2022 1,000 24,300 8,897 34,197

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 65,345 84,412
Other debtors 7,500 431
72,845 84,843

MANTA RAY MAKES LIMITED (Registered number: 10458541)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 OCTOBER 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 19,415 65,985
Tax 13,900 38,500
Social security and other taxes 160 1,204
VAT 12,249 37,141
Directors' current accounts 36,484 125,688
Accrued expenses 3,750 4,300
85,958 272,818

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

MANTA RAY MAKES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
MANTA RAY MAKES LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 October 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






HARLEYS
259 Croydon Road
Beckenham
Kent
BR3 3PS


31 July 2024