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MANOR PRECISION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

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


MANOR PRECISION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: G Kudelnitzky
K W Hill





REGISTERED OFFICE: Unit 3
Shay Lane Works
Shay Lane
Halifax
West Yorkshire
HX3 6SF





REGISTERED NUMBER: 05363575 (England and Wales)





ACCOUNTANTS: Wilkinson and Partners
Chartered Accountants
Fairfax House
6a Mill Field Road
Cottingley Business Park
Bradford
West Yorkshire
BD16 1PY

MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 16,655 20,631

CURRENT ASSETS
Debtors 6 57,274 59,384
Cash at bank and in hand 32,122 4,422
89,396 63,806
CREDITORS
Amounts falling due within one year 7 53,489 43,780
NET CURRENT ASSETS 35,907 20,026
TOTAL ASSETS LESS CURRENT LIABILITIES 52,562 40,657

CREDITORS
Amounts falling due after more than one
year

8

(7,000

)

(11,000

)

PROVISIONS FOR LIABILITIES 10 (3,701 ) (3,557 )
NET ASSETS 41,861 26,100

CAPITAL AND RESERVES
Called up share capital 11 14 14
Retained earnings 41,847 26,086
SHAREHOLDERS' FUNDS 41,861 26,100

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 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.

MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

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 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 1 November 2024 and were signed on its behalf by:




G Kudelnitzky - Director



K W Hill - Director


MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Manor Precision 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023
and 31 May 2024 73,645 570 9,450 1,964 85,629
DEPRECIATION
At 1 June 2023 58,847 540 4,134 1,477 64,998
Charge for year 2,219 5 1,329 423 3,976
At 31 May 2024 61,066 545 5,463 1,900 68,974
NET BOOK VALUE
At 31 May 2024 12,579 25 3,987 64 16,655
At 31 May 2023 14,798 30 5,316 487 20,631

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 56,513 58,696
Prepayments 761 688
57,274 59,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,000 4,000
Trade creditors 1,789 3,874
Tax 19,880 13,626
Social security and other taxes 1,662 1,566
Pension 247 228
VAT 20,852 15,663
Directors' current accounts 2,774 2,774
Accrued expenses 2,285 2,049
53,489 43,780

MANOR PRECISION LIMITED (REGISTERED NUMBER: 05363575)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Loans from directors are interest free and repayable on demand.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 4,000 4,000
Bank loans - 2-5 years 3,000 7,000
7,000 11,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 11,000 15,000

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 3,701 3,557

Deferred
tax
£   
Balance at 1 June 2023 3,557
Accelerated capital allowances 144
Balance at 31 May 2024 3,701

The entire provision for deferred taxation is in respect of capital allowances.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
14 Ordinary £1.00 14 14

12. ULTIMATE CONTROLLING PARTY

The directors acting together control the company.