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REGISTERED NUMBER: 07106556 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Manners Dry Lining Limited

Manners Dry Lining Limited (Registered number: 07106556)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manners Dry Lining Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M Manners





REGISTERED OFFICE: 18 Bunyan Road
Kempston
Bedford
MK42 8HL





REGISTERED NUMBER: 07106556 (England and Wales)





ACCOUNTANTS: Kearney & Associates Limited
14 Harvey Road
Bedford
Bedfordshire
MK41 9LF

Manners Dry Lining Limited (Registered number: 07106556)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,486 18,035

CURRENT ASSETS
Stocks 5 1,000 1,000
Debtors 6 333,861 321,564
Cash at bank 145,807 58,480
480,668 381,044
CREDITORS
Amounts falling due within one year 7 292,779 295,430
NET CURRENT ASSETS 187,889 85,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,375

103,649

CREDITORS
Amounts falling due after more than
one year

8

(50,921

)

(84,111

)

PROVISIONS FOR LIABILITIES (3,121 ) (4,509 )
NET ASSETS 146,333 15,029

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 146,233 14,929
SHAREHOLDERS' FUNDS 146,333 15,029

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

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

Manners Dry Lining Limited (Registered number: 07106556)

Balance Sheet - continued
31 December 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 11 September 2024 and were signed by:





M Manners - Director


Manners Dry Lining Limited (Registered number: 07106556)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Manners Dry Lining 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 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.

Manners Dry Lining Limited (Registered number: 07106556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Accrued income
Revenue is recognised over time as activities progress to reflect the company's performance of its contractual obligations. The amount of revenue reflects the accrued right to consideration as contract activity progresses by reference to the value of work performed, calculated at recognisable stages of completion. It represents all direct costs, the relevant proportion of overheads and estimated gross profit at each stage of completion.

Retentions withheld in respect of progress payments on contracts are also accounted for on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 13,867 2,228 39,961 56,056
DEPRECIATION
At 1 January 2023 10,503 1,957 25,561 38,021
Charge for year 1,814 135 3,600 5,549
At 31 December 2023 12,317 2,092 29,161 43,570
NET BOOK VALUE
At 31 December 2023 1,550 136 10,800 12,486
At 31 December 2022 3,364 271 14,400 18,035

Manners Dry Lining Limited (Registered number: 07106556)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,000 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 320,309 303,036
Accrued income 5,000 5,000
Other debtors 8,552 13,528
333,861 321,564

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 32,500 70,000
Trade creditors 132,435 169,407
Taxation and social security 87,680 27,162
Other creditors 40,164 28,861
292,779 295,430

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 50,921 84,111

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 6,564 6,564
Between one and five years 1,094 7,658
7,658 14,222