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REGISTERED NUMBER: 09754175 (England and Wales)











Unaudited Financial Statements

for the Period 1 December 2022 to 31 December 2023

for

Mantec Innovations Limited

Mantec Innovations Limited (Registered number: 09754175)






Contents of the Financial Statements
for the Period 1 December 2022 to 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Mantec Innovations Limited

Company Information
for the Period 1 December 2022 to 31 December 2023







DIRECTORS: A J A Misso
P A Meehan



REGISTERED OFFICE: Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



REGISTERED NUMBER: 09754175 (England and Wales)



ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ



BANKERS: NatWest
2 Tavern Street
Ipswich
Suffolk
IP1 3BD

Mantec Innovations Limited (Registered number: 09754175)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,211 2,572

CURRENT ASSETS
Stocks 331,256 312,833
Debtors 5 8,737 7,861
Cash at bank - 7,279
339,993 327,973
CREDITORS
Amounts falling due within one year 6 302,619 161,168
NET CURRENT ASSETS 37,374 166,805
TOTAL ASSETS LESS CURRENT LIABILITIES 49,585 169,377

CREDITORS
Amounts falling due after more than one
year

7

252,949

350,000
NET LIABILITIES (203,364 ) (180,623 )

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings (203,367 ) (180,626 )
SHAREHOLDERS' FUNDS (203,364 ) (180,623 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

Mantec Innovations Limited (Registered number: 09754175)

Statement of Financial Position - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





P A Meehan - Director


Mantec Innovations Limited (Registered number: 09754175)

Notes to the Financial Statements
for the Period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Mantec Innovations 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost and 25% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


Mantec Innovations Limited (Registered number: 09754175)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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 period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022 - 1,703 2,818 4,521
Additions 12,530 - - 12,530
At 31 December 2023 12,530 1,703 2,818 17,051
DEPRECIATION
At 1 December 2022 - 490 1,459 1,949
Charge for period 1,566 461 864 2,891
At 31 December 2023 1,566 951 2,323 4,840
NET BOOK VALUE
At 31 December 2023 10,964 752 495 12,211
At 30 November 2022 - 1,213 1,359 2,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 8,737 7,861

Mantec Innovations Limited (Registered number: 09754175)

Notes to the Financial Statements - continued
for the Period 1 December 2022 to 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) - 954
Trade creditors - 12,506
Amounts owed to group undertakings - 115,000
Taxation and social security - 7,909
Other creditors 302,619 24,799
302,619 161,168

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 252,949 -
Amounts owed to participating interests - 350,000
252,949 350,000

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 954
Other loans 300,000 -
300,000 954

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3 Ordinary £1 3 3