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REGISTERED NUMBER: 07652175 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

MANTI EVI LIMITED

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANTI EVI LIMITED

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr Yilmaz Aksu





REGISTERED OFFICE: 293 Green Lanes
Palmers Green
London
N13 4XS





REGISTERED NUMBER: 07652175 (England and Wales)





ACCOUNTANTS: ADPL LLP
293 Green Lanes
London
N13 4XS

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Balance Sheet
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 938,924 852,729

CURRENT ASSETS
Stocks 22,160 20,125
Debtors 5 564,790 714,427
Cash at bank and in hand 338,000 192,569
924,950 927,121
CREDITORS
Amounts falling due within one year 6 511,357 652,942
NET CURRENT ASSETS 413,593 274,179
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,352,517

1,126,908

CREDITORS
Amounts falling due after more than one
year

7

(209,828

)

(264,185

)

PROVISIONS FOR LIABILITIES 9 (87,545 ) (73,349 )
NET ASSETS 1,055,144 789,374

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,055,044 789,274
SHAREHOLDERS' FUNDS 1,055,144 789,374

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Balance Sheet - continued
31 AUGUST 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 director and authorised for issue on 29 August 2024 and were signed by:





Mr Yilmaz Aksu - Director


MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Manti Evi 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.
Short leasehold - 10% on cost and in accordance with the property
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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.

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 79 (2022 - 85 ) .

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Improvements
Short Long to
leasehold leasehold property
£    £    £   
COST
At 1 September 2022 67,864 454,400 379,130
Additions - - 40,488
At 31 August 2023 67,864 454,400 419,618
DEPRECIATION
At 1 September 2022 19,120 18,176 215,686
Charge for year 2,262 4,544 50,983
At 31 August 2023 21,382 22,720 266,669
NET BOOK VALUE
At 31 August 2023 46,482 431,680 152,949
At 31 August 2022 48,744 436,224 163,444

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022 240,974 186,451 1,328,819
Additions 5,962 200,140 246,590
At 31 August 2023 246,936 386,591 1,575,409
DEPRECIATION
At 1 September 2022 124,111 98,997 476,090
Charge for year 30,707 71,899 160,395
At 31 August 2023 154,818 170,896 636,485
NET BOOK VALUE
At 31 August 2023 92,118 215,695 938,924
At 31 August 2022 116,863 87,454 852,729

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 5,399 2,001
Other debtors 559,391 712,426
564,790 714,427

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 31,919 31,919
Trade creditors 235,422 353,733
Taxation and social security 216,444 267,290
Other creditors 27,572 -
511,357 652,942

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans 154,449 180,868
Other creditors 55,379 83,317
209,828 264,185

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 53,192 53,192

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.23 31.8.22
£    £   
Bank loans 186,368 212,787

9. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 87,545 73,349

Deferred
tax
£   
Balance at 1 September 2022 73,349
Provided during year 14,196
Balance at 31 August 2023 87,545

MANTI EVI LIMITED (REGISTERED NUMBER: 07652175)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


10. RELATED PARTY DISCLOSURES

Mr Yilmaz Aksu is also the director of Guney Property Ltd, Fathers Property Ltd and Akseyo Ltd.

At the reporting date the following related party transactions existed in the account :

The company owed £82,000 (2022: £38,000) from Guney Properties Ltd
The company owed £46,103 (2022: £94,933) from Fathers Property Ltd
The company owed £231,800 (2022: £Nil) from Akseyo Ltd.