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REGISTERED NUMBER: 01425445 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

THE MANSON GROUP LIMITED

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE MANSON GROUP LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: B J Wilkinson
Mrs R R F Wilkinson
N Wass





REGISTERED OFFICE: Reynolds House
Unit 8 Porters Wood
Valley Road Industrial Estate
St. Albans
Hertfordshire
AL3 6PZ





REGISTERED NUMBER: 01425445 (England and Wales)

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 2,049,722 2,210,328
Investments 7 1 1
2,049,723 2,210,329

CURRENT ASSETS
Stocks 451,048 422,855
Debtors 8 1,057,755 971,450
Cash at bank and in hand 725,918 662,614
2,234,721 2,056,919
CREDITORS
Amounts falling due within one year 9 1,659,703 1,481,707
NET CURRENT ASSETS 575,018 575,212
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,624,741

2,785,541

CREDITORS
Amounts falling due after more than one
year

10

(1,187,602

)

(1,444,976

)

PROVISIONS FOR LIABILITIES 12 (228,389 ) (200,805 )
NET ASSETS 1,208,750 1,139,760

CAPITAL AND RESERVES
Called up share capital 13 50,000 50,000
Retained earnings 1,158,750 1,089,760
SHAREHOLDERS' FUNDS 1,208,750 1,139,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Balance Sheet - continued
30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by:





N Wass - Director


THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

The Manson Group 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. The Manason Group Limited is a limited liability company incorporated in England. The Registered Office is Reynolds House, Unit 8 Porters Wood, Valley Road Industrial Estate, St. Albans, Hertfordshire AL3 6PZ.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated so as to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives on a straight line basis, as follows:

Plant and machinery- 10%-50%
Motor vehicles- 16.67%-25%
Furniture and equipment- 12.5%-25%
Leasehold improvements- 10%

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Accrued holiday pay
The company provides in its accounts for annual leave accrued by employees as a result of services rendered in the current period that are paid after the year end. The accrual is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 55 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 60,000
AMORTISATION
At 1 May 2023
and 30 April 2024 60,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. TANGIBLE FIXED ASSETS
Improvements
to Plant and Fixtures Motor
property machinery & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 196,420 8,000,560 109,216 106,084 8,412,280
Additions - 109,986 - 45,999 155,985
Disposals - (184,878 ) - (26,489 ) (211,367 )
At 30 April 2024 196,420 7,925,668 109,216 125,594 8,356,898
DEPRECIATION
At 1 May 2023 196,419 5,838,781 109,216 57,536 6,201,952
Charge for year - 266,245 - 20,345 286,590
Eliminated on disposal - (154,878 ) - (26,488 ) (181,366 )
At 30 April 2024 196,419 5,950,148 109,216 51,393 6,307,176
NET BOOK VALUE
At 30 April 2024 1 1,975,520 - 74,201 2,049,722
At 30 April 2023 1 2,161,779 - 48,548 2,210,328

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2023 5,225,112 63,547 5,288,659
Additions 83,000 45,999 128,999
At 30 April 2024 5,308,112 109,546 5,417,658
DEPRECIATION
At 1 May 2023 3,293,878 15,001 3,308,879
Charge for year 266,245 20,345 286,590
At 30 April 2024 3,560,123 35,346 3,595,469
NET BOOK VALUE
At 30 April 2024 1,747,989 74,200 1,822,189
At 30 April 2023 1,931,234 48,546 1,979,780

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 1
At 30 April 2023 1

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 889,060 866,218
Other debtors 168,695 105,232
1,057,755 971,450

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 347,069 280,459
Trade creditors 1,104,963 1,032,548
Taxation and social security 34,217 40,303
Other creditors 173,454 128,397
1,659,703 1,481,707

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 1,067,602 1,324,976
Other creditors 120,000 120,000
1,187,602 1,444,976

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,414,671 1,605,435

Hire purchase contracts are secured on the assets concerned.

THE MANSON GROUP LIMITED (REGISTERED NUMBER: 01425445)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 228,389 200,805

Deferred
tax
£   
Balance at 1 May 2023 200,805
Provided during year 27,584
Balance at 30 April 2024 228,389

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

14. RELATED PARTY DISCLOSURES

Mr and Mrs Wilkinson are joint freeholders of the property occupied by the company under a licence arrangement, to whom the company paid an annual rent of £170,000 (2023: £136,167).

Included within other creditors, is a loan from TMG Horizon Limited of £120,000 (2023: £120,000). Mr Wass is a director of TMG Horizon Ltd.