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Company No: 06512292 (England and Wales)

MANAGE EUROPE LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

MANAGE EUROPE LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

MANAGE EUROPE LIMITED

BALANCE SHEET

As at 29 February 2024
MANAGE EUROPE LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 4,038 5,384
4,038 5,384
Current assets
Debtors 4 13,557 19,221
Investments 50 50
Cash at bank and in hand 1,819 4,838
15,426 24,109
Creditors: amounts falling due within one year 5 ( 2,895) ( 7,119)
Net current assets 12,531 16,990
Total assets less current liabilities 16,569 22,374
Net assets 16,569 22,374
Capital and reserves
Called-up share capital 6 1 1
Profit and loss account 16,568 22,373
Total shareholders' funds 16,569 22,374

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Manage Europe Limited (registered number: 06512292) were approved and authorised for issue by the Director on 28 November 2024. They were signed on its behalf by:

Dr M Mclean
Director
MANAGE EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
MANAGE EUROPE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Manage Europe Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is WINTER RULE LLP, Lowin House Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of training courses and consultancy services.

The company recognises revenue when;
The amount of revenue can be reliably measured;
it is probably that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 March 2023 18,442 18,442
At 29 February 2024 18,442 18,442
Accumulated depreciation
At 01 March 2023 13,058 13,058
Charge for the financial year 1,346 1,346
At 29 February 2024 14,404 14,404
Net book value
At 29 February 2024 4,038 4,038
At 28 February 2023 5,384 5,384

4. Debtors

2024 2023
£ £
Trade debtors 1,115 3,081
Corporation tax 9,934 9,934
Other debtors 2,508 6,206
13,557 19,221

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 1,873
Taxation and social security 488 460
Other creditors 2,407 4,786
2,895 7,119

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 0.01 each 1 1

7. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Interest free loan to Dr M Mclean 0 4,186

Advances

Additional advances were made to the directors of £2,301 while repayments of £6,543 were made to the company.