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REGISTERED NUMBER: SC275760 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MANN AUTOMOTIVE LIMITED

MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

MANN AUTOMOTIVE LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: B Cruickshank
R Mann





REGISTERED OFFICE: Unit 3 Old Mart
Market Road
Laurencekirk
Kincardineshire
AB30 1DG





REGISTERED NUMBER: SC275760 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 22,500
Tangible assets 5 106,171 99,312
121,171 121,812

CURRENT ASSETS
Stocks 9,753 10,112
Debtors 6 50,806 50,829
Cash at bank and in hand 319,899 269,054
380,458 329,995
CREDITORS
Amounts falling due within one year 7 112,320 86,385
NET CURRENT ASSETS 268,138 243,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,309

365,422

PROVISIONS FOR LIABILITIES 8 26,543 -
NET ASSETS 362,766 365,422

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 362,666 365,322
SHAREHOLDERS' FUNDS 362,766 365,422

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 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





B Cruickshank - Director


MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Mann Automotive Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% reducing balance
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% 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 Profit and Loss, 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 75,000
AMORTISATION
At 1 January 2023 52,500
Amortisation for year 7,500
At 31 December 2023 60,000
NET BOOK VALUE
At 31 December 2023 15,000
At 31 December 2022 22,500

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 4,080 67,900 -
Additions - 7,294 720
Disposals (4,080 ) (65,088 ) -
At 31 December 2023 - 10,106 720
DEPRECIATION
At 1 January 2023 3,845 59,643 -
Charge for year 59 3,811 30
Eliminated on disposal (3,904 ) (60,836 ) -
At 31 December 2023 - 2,618 30
NET BOOK VALUE
At 31 December 2023 - 7,488 690
At 31 December 2022 235 8,257 -

MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 174,869 2,433 249,282
Additions 77,113 - 85,127
Disposals (119,934 ) (2,433 ) (191,535 )
At 31 December 2023 132,048 - 142,874
DEPRECIATION
At 1 January 2023 85,690 792 149,970
Charge for year 36,320 411 40,631
Eliminated on disposal (87,955 ) (1,203 ) (153,898 )
At 31 December 2023 34,055 - 36,703
NET BOOK VALUE
At 31 December 2023 97,993 - 106,171
At 31 December 2022 89,179 1,641 99,312

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,327 42,324
Prepayments 7,479 8,505
50,806 50,829

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 39,717 29,811
Tax 41,635 26,699
Social security and other taxes 2,511 3,440
VAT 24,224 22,334
Directors' loan accounts 1,925 1,301
Accrued expenses 2,308 2,800
112,320 86,385

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 26,543 -

Deferred
tax
£   
Movement 26,543
Balance at 31 December 2023 26,543

MANN AUTOMOTIVE LIMITED (REGISTERED NUMBER: SC275760)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
B Cruickshank
Balance outstanding at start of year (875 ) (875 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,187 ) (875 )

R Mann
Balance outstanding at start of year (426 ) (426 )
Amounts repaid (312 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (738 ) (426 )

This loan is interest free and has no fixed repayment period.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MANN AUTOMOTIVE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mann Automotive Limited for the year ended 31 December 2023 which comprise the Profit and Loss, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Mann Automotive Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mann Automotive Limited and state those matters that we have agreed to state to the Board of Directors of Mann Automotive Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mann Automotive Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Mann Automotive Limited. You consider that Mann Automotive Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Mann Automotive Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


26 September 2024