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REGISTERED NUMBER: 10794773 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Manafu Cladding Ltd

Manafu Cladding Ltd (Registered number: 10794773)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manafu Cladding Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr T G Manafu





REGISTERED OFFICE: 3 Fullers Avenue
Watford
WD25 9BU





REGISTERED NUMBER: 10794773 (England and Wales)





ACCOUNTANTS: E Johnson & Associates
Chartered Certified Accountants
637 Green Lanes
London
N8 0RE

Manafu Cladding Ltd (Registered number: 10794773)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,561 46,369

CURRENT ASSETS
Debtors 5 72,089 70,387
Cash at bank 6,707 26,898
78,796 97,285
CREDITORS
Amounts falling due within one
year

6

34,147

74,812
NET CURRENT ASSETS 44,649 22,473
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,210

68,842

CREDITORS
Amounts falling due after more
than one year

7

9,377

15,628
NET ASSETS 53,833 53,214

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 53,832 53,213
SHAREHOLDERS' FUNDS 53,833 53,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Manafu Cladding Ltd (Registered number: 10794773)

Balance Sheet - continued
31 May 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 director and authorised for issue on 4 September 2024 and were signed by:





Mr T G Manafu - Director


Manafu Cladding Ltd (Registered number: 10794773)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Manafu Cladding 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.
Motor vehicles - 20% on cost
Computer equipment - 25% on reducing balance

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 1 (2023 - 1 ) .

Manafu Cladding Ltd (Registered number: 10794773)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023 114,459 2,755 117,214
Additions - 543 543
Disposals (24,490 ) - (24,490 )
At 31 May 2024 89,969 3,298 93,267
DEPRECIATION
At 1 June 2023 69,791 1,054 70,845
Charge for year 17,994 561 18,555
Eliminated on disposal (14,694 ) - (14,694 )
At 31 May 2024 73,091 1,615 74,706
NET BOOK VALUE
At 31 May 2024 16,878 1,683 18,561
At 31 May 2023 44,668 1,701 46,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 420 420
Other debtors 71,669 69,967
72,089 70,387

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 6,251 6,251
Trade creditors 542 421
Taxation and social security 8,680 21,825
Other creditors 18,674 46,315
34,147 74,812

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 9,377 15,628

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
1 Ordinary £1 1 1

Manafu Cladding Ltd (Registered number: 10794773)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Retained
earnings
£   

At 1 June 2023 53,213
Profit for the year 13,119
Dividends (12,500 )
At 31 May 2024 53,832

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,500 (2023 - £36,000) were paid to the director .

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T G Manafu.

By virtue of being the sole director of the company and controls 100% of the ordinary share capital of the company.