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REGISTERED NUMBER: 07530668 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

MANAGED ACRES LTD

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANAGED ACRES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 February 2024







DIRECTORS: Mrs E L Chick
B O W Chick





REGISTERED OFFICE: 14 Apollo Drive
Bordon
GU35 0DX





REGISTERED NUMBER: 07530668 (England and Wales)





ACCOUNTANTS: Traviss & Co Ltd
Chartered Certified Accountants
Newtown House
38 Newtown Road
Liphook
Hampshire
GU30 7DX

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

BALANCE SHEET
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,661 55,766

CURRENT ASSETS
Debtors 5 26,647 26,887
Cash at bank 71,749 65,835
98,396 92,722
CREDITORS
Amounts falling due within one year 6 50,686 43,612
NET CURRENT ASSETS 47,710 49,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

98,371

104,876

CREDITORS
Amounts falling due after more than one
year

7

(19,045

)

(27,897

)

PROVISIONS FOR LIABILITIES (9,626 ) -
NET ASSETS 69,700 76,979

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 69,600 76,879
69,700 76,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

BALANCE SHEET - continued
29 February 2024


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 2 August 2024 and were signed on its behalf by:





B O W Chick - Director


MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 February 2024


1. STATUTORY INFORMATION

Managed Acres Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024


2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 76,450 1,244 31,583 - 109,277
Additions 11,500 - - 467 11,967
At 29 February 2024 87,950 1,244 31,583 467 121,244
DEPRECIATION
At 1 March 2023 34,137 468 18,906 - 53,511
Charge for year 13,453 294 3,169 156 17,072
At 29 February 2024 47,590 762 22,075 156 70,583
NET BOOK VALUE
At 29 February 2024 40,360 482 9,508 311 50,661
At 28 February 2023 42,313 776 12,677 - 55,766

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 March 2023
and 29 February 2024 25,445
DEPRECIATION
At 1 March 2023 6,361
Charge for year 4,771
At 29 February 2024 11,132
NET BOOK VALUE
At 29 February 2024 14,313
At 28 February 2023 19,084

MANAGED ACRES LTD (REGISTERED NUMBER: 07530668)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 February 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 26,042 26,676
Other debtors 605 211
26,647 26,887

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 8,851 8,028
Trade creditors 7,781 17,388
Taxation and social security 15,328 8,043
Other creditors 18,726 10,153
50,686 43,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 19,045 27,897