Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 SC616400 Richard Mannering Michael Mannering iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC616400 2023-01-31 SC616400 2024-01-31 SC616400 2023-02-01 2024-01-31 SC616400 frs-core:CurrentFinancialInstruments 2024-01-31 SC616400 frs-core:Non-currentFinancialInstruments 2024-01-31 SC616400 frs-core:BetweenOneFiveYears 2024-01-31 SC616400 frs-core:ComputerEquipment 2024-01-31 SC616400 frs-core:ComputerEquipment 2023-02-01 2024-01-31 SC616400 frs-core:ComputerEquipment 2023-01-31 SC616400 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-31 SC616400 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 SC616400 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-31 SC616400 frs-core:FurnitureFittings 2024-01-31 SC616400 frs-core:FurnitureFittings 2023-02-01 2024-01-31 SC616400 frs-core:FurnitureFittings 2023-01-31 SC616400 frs-core:NetGoodwill 2024-01-31 SC616400 frs-core:NetGoodwill 2023-02-01 2024-01-31 SC616400 frs-core:NetGoodwill 2023-01-31 SC616400 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 SC616400 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 SC616400 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 SC616400 frs-core:MotorVehicles 2024-01-31 SC616400 frs-core:MotorVehicles 2023-02-01 2024-01-31 SC616400 frs-core:MotorVehicles 2023-01-31 SC616400 frs-core:PlantMachinery 2024-01-31 SC616400 frs-core:PlantMachinery 2023-02-01 2024-01-31 SC616400 frs-core:PlantMachinery 2023-01-31 SC616400 frs-core:WithinOneYear 2024-01-31 SC616400 frs-core:ShareCapital 2024-01-31 SC616400 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 SC616400 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC616400 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 SC616400 frs-bus:SmallEntities 2023-02-01 2024-01-31 SC616400 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 SC616400 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 SC616400 frs-bus:Director1 2023-02-01 2024-01-31 SC616400 frs-bus:Director2 2023-02-01 2024-01-31 SC616400 frs-core:CurrentFinancialInstruments 4 2024-01-31 SC616400 frs-countries:Scotland 2023-02-01 2024-01-31 SC616400 2022-01-31 SC616400 2023-01-31 SC616400 2022-02-01 2023-01-31 SC616400 frs-core:CurrentFinancialInstruments 2023-01-31 SC616400 frs-core:Non-currentFinancialInstruments 2023-01-31 SC616400 frs-core:BetweenOneFiveYears 2023-01-31 SC616400 frs-core:WithinOneYear 2023-01-31 SC616400 frs-core:ShareCapital 2023-01-31 SC616400 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 SC616400 frs-core:CurrentFinancialInstruments 4 2023-01-31
Registered number: SC616400
Mannering Industrial Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Gallone & Co
Accountants & Business Advisors
14 Newton Place
Glasgow
G3 7PY
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: SC616400
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 4,860 52,345
Tangible Assets 5 999,471 929,661
1,004,331 982,006
CURRENT ASSETS
Stocks 6 100,000 85,000
Debtors 7 673,364 667,805
Cash at bank and in hand 232,440 284,634
1,005,804 1,037,439
Creditors: Amounts Falling Due Within One Year 8 (950,192 ) (1,131,248 )
NET CURRENT ASSETS (LIABILITIES) 55,612 (93,809 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,059,943 888,197
Creditors: Amounts Falling Due After More Than One Year 9 (539,048 ) (533,745 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (66,222 ) (50,992 )
NET ASSETS 454,673 303,460
CAPITAL AND RESERVES
Called up share capital 11 102 102
Profit and Loss Account 454,571 303,358
SHAREHOLDERS' FUNDS 454,673 303,460
Page 1
Page 2
For the year ending 31 January 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Richard Mannering
Director
Michael Mannering
Director
23/02/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Mannering Industrial Limited is a private company, limited by shares, incorporated in Scotland, registered number SC616400 . The registered office is Northfield House 19 Bellshill Road, Bothwell, Glasgow, G71 8BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% Reducing balance
Plant & Machinery 15% Reducing balance
Motor Vehicles 15% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 15% Reducing balance
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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Page 4
2.7. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2023: 18)
19 18
4. Intangible Assets
Goodwill Development Costs Total
£ £ £
Cost
As at 1 February 2023 261,728 - 261,728
Additions - 5,400 5,400
As at 31 January 2024 261,728 5,400 267,128
Amortisation
As at 1 February 2023 209,383 - 209,383
Provided during the period 52,345 540 52,885
As at 31 January 2024 261,728 540 262,268
Net Book Value
As at 31 January 2024 - 4,860 4,860
As at 1 February 2023 52,345 - 52,345
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 624,500 110,806 344,691 39,964
Additions - 12,955 141,087 28,643
Disposals - - (63,845 ) -
As at 31 January 2024 624,500 123,761 421,933 68,607
Depreciation
As at 1 February 2023 24,980 47,305 103,531 14,484
Provided during the period 12,490 8,601 52,338 11,938
Disposals - - (30,518 ) -
As at 31 January 2024 37,470 55,906 125,351 26,422
Net Book Value
As at 31 January 2024 587,030 67,855 296,582 42,185
As at 1 February 2023 599,520 63,501 241,160 25,480
Computer Equipment Total
£ £
Cost
As at 1 February 2023 - 1,119,961
Additions 6,846 189,531
Disposals - (63,845 )
As at 31 January 2024 6,846 1,245,647
Depreciation
As at 1 February 2023 - 190,300
Provided during the period 1,027 86,394
Disposals - (30,518 )
As at 31 January 2024 1,027 246,176
Net Book Value
As at 31 January 2024 5,819 999,471
As at 1 February 2023 - 929,661
6. Stocks
2024 2023
£ £
Stock 100,000 85,000
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Page 6
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 640,406 637,763
Prepayments and accrued income 12,746 10,230
Amounts owed by associates 20,212 19,812
673,364 667,805
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 73,287 44,798
Trade creditors 396,671 628,859
Corporation tax 84,182 48,048
Other taxes and social security 5,570 10,260
VAT 43,525 51,955
Other creditors 87,720 116,271
Bank Loan 106,534 106,534
Accruals and deferred income 1,000 1,000
Directors' loan accounts 151,703 123,523
950,192 1,131,248
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 137,072 55,852
Bank loans 401,976 477,893
539,048 533,745
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 73,287 44,798
Later than one year and not later than five years 137,072 55,852
210,359 100,650
210,359 100,650
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 102 102
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