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REGISTERED NUMBER: 07792034 (England and Wales)















Manuel Swaden Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023






Manuel Swaden Limited (Registered number: 07792034)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manuel Swaden Limited

Company Information
for the year ended 30 November 2023







Directors: Mr J Manuel
Mr M Swaden
Ms T Lester





Registered office: First Floor
The Edge
Clowes Street
Salford
M3 5NA





Registered number: 07792034 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Manuel Swaden Limited (Registered number: 07792034)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Intangible assets 4 169,501 231,001
Tangible assets 5 4,070 5,252
173,571 236,253

Current assets
Work in progress 6 76,000 65,178
Debtors 7 196,414 190,191
Cash at bank and in hand 15,431 50,121
287,845 305,490
Creditors
Amounts falling due within one year 8 214,751 190,011
Net current assets 73,094 115,479
Total assets less current liabilities 246,665 351,732

Creditors
Amounts falling due after more than one
year

9

18,330

27,787
Net assets 228,335 323,945

Capital and reserves
Called up share capital 10 3 3
Retained earnings 11 228,332 323,942
Shareholders' funds 228,335 323,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Manuel Swaden Limited (Registered number: 07792034)

Balance Sheet - continued
30 November 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 28 March 2024 and were signed on its behalf by:





Mr M Swaden - Director


Manuel Swaden Limited (Registered number: 07792034)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Manuel Swaden 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.

Turnover represents amounts receivable for services provided in the year and is stated net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business and is being amortised evenly over its estimated useful life of 10 years.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Work in progress
Revenue and costs are recognised by reference to the stage of completion at the reporting end date.

Where the outcome cannot be estimated reliably, Costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of costs incurred where it is probable that they will be recoverable.

The percentage of completion method is used to determine the appropriate amount to recognise in a given period.

Manuel Swaden Limited (Registered number: 07792034)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


2. Accounting policies - continued

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial
recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bankand bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the
substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for all qualifying employees. The assets of
the scheme are held separately from those of the company in an independently administered fund.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 9 ) .

Manuel Swaden Limited (Registered number: 07792034)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


4. Intangible fixed assets
Patents and
Goodwill licences Totals
£ £ £
Cost
At 1 December 2022
and 30 November 2023 661,500 1 661,501
Amortisation
At 1 December 2022 430,500 - 430,500
Amortisation for year 61,500 - 61,500
At 30 November 2023 492,000 - 492,000
Net book value
At 30 November 2023 169,500 1 169,501
At 30 November 2022 231,000 1 231,001

5. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 December 2022 171,483 24,609 196,092
Additions 174 - 174
At 30 November 2023 171,657 24,609 196,266
Depreciation
At 1 December 2022 166,498 24,342 190,840
Charge for year 1,289 67 1,356
At 30 November 2023 167,787 24,409 192,196
Net book value
At 30 November 2023 3,870 200 4,070
At 30 November 2022 4,985 267 5,252

6. Work in progress
2023 2022
£ £
Work-in-progress 76,000 65,178

Manuel Swaden Limited (Registered number: 07792034)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


7. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 99,495 80,243
Other debtors 96,919 109,948
196,414 190,191

8. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 32,323 22,362
Taxation and social security 175,262 159,322
Other creditors 7,166 8,327
214,751 190,011

9. Creditors: amounts falling due after more than one year
2023 2022
£ £
Bank loans 18,330 27,787

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1 Ordinary share A £1 1 1
1 Ordinary share B £1 1 1
1 Ordinary share C £1 1 1
3 3

11. Reserves
Retained
earnings
£

At 1 December 2022 323,942
Profit for the year 204,390
Dividends (300,000 )
At 30 November 2023 228,332

Manuel Swaden Limited (Registered number: 07792034)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


12. Pension commitments

The charge to profit and loss in respect of defined contribution schemes was £10,077 (2022 : £12,486).

The company operates a defined contribution scheme for all qualifying employees. The assets of the scheme are held from those of the company in an independently administered fund.