5 false false false false false false false false false true false false false false false false No description of principal activity 2023-02-01 Sage Accounts Production Advanced 2021 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 05666757 2023-02-01 2024-01-31 05666757 2024-01-31 05666757 2023-01-31 05666757 2022-02-01 2023-01-31 05666757 2023-01-31 05666757 core:MotorVehicles 2023-02-01 2024-01-31 05666757 bus:Director3 2023-02-01 2024-01-31 05666757 core:MotorVehicles 2023-01-31 05666757 core:MotorVehicles 2024-01-31 05666757 core:WithinOneYear 2024-01-31 05666757 core:WithinOneYear 2023-01-31 05666757 core:ShareCapital 2024-01-31 05666757 core:ShareCapital 2023-01-31 05666757 core:RetainedEarningsAccumulatedLosses 2024-01-31 05666757 core:RetainedEarningsAccumulatedLosses 2023-01-31 05666757 core:MotorVehicles 2023-01-31 05666757 bus:SmallEntities 2023-02-01 2024-01-31 05666757 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 05666757 bus:FullAccounts 2023-02-01 2024-01-31 05666757 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05666757 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05666757 core:OfficeEquipment 2023-02-01 2024-01-31 05666757 core:OfficeEquipment 2023-01-31 05666757 core:OfficeEquipment 2024-01-31
COMPANY REGISTRATION NUMBER: 05666757
Joseph McManniman Limited
Filleted Unaudited Financial Statements
For the year ended
31 January 2024
Joseph McManniman Limited
Statement of Financial Position
31 January 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
9,789
12,107
Current assets
Debtors
6
109,532
495,133
Cash at bank and in hand
207,743
329,468
---------
---------
317,275
824,601
Creditors: amounts falling due within one year
7
62,171
393,633
---------
---------
Net current assets
255,104
430,968
---------
---------
Total assets less current liabilities
264,893
443,075
Provisions
Taxation including deferred tax
752
2,038
---------
---------
Net assets
264,141
441,037
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
264,041
440,937
---------
---------
Shareholders funds
264,141
441,037
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Joseph McManniman Limited
Statement of Financial Position (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 4 October 2024 , and are signed on behalf of the board by:
Mr G Timms
Director
Company registration number: 05666757
Joseph McManniman Limited
Notes to the Financial Statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is South Stable 2 Francis Court, High Ditch Road, Fen Ditton, Cambridge, CB5 8TE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents work done during the year, exclusive of Value Added Tax. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 5 (2023: 5 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 February 2023
63,853
25,490
89,343
Additions
1,586
1,586
--------
--------
--------
At 31 January 2024
63,853
27,076
90,929
--------
--------
--------
Depreciation
At 1 February 2023
55,380
21,856
77,236
Charge for the year
2,117
1,787
3,904
--------
--------
--------
At 31 January 2024
57,497
23,643
81,140
--------
--------
--------
Carrying amount
At 31 January 2024
6,356
3,433
9,789
--------
--------
--------
At 31 January 2023
8,473
3,634
12,107
--------
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
71,670
452,104
Other debtors
37,862
43,029
---------
---------
109,532
495,133
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
23,684
236,718
Social security and other taxes
26,300
139,491
Other creditors
12,187
17,424
--------
---------
62,171
393,633
--------
---------