Company Registration No. 07991584 (England and Wales)
Mannings Harlequin Ltd
Unaudited accounts
for the year ended 30 April 2024
Mannings Harlequin Ltd
Unaudited accounts
Contents
Mannings Harlequin Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
169,558
208,324
Debtors
1,128,899
1,059,312
Cash at bank and in hand
874,610
863,097
Creditors: amounts falling due within one year
(365,155)
(328,639)
Net current assets
1,656,854
1,612,270
Total assets less current liabilities
1,826,412
1,820,594
Creditors: amounts falling due after more than one year
(74,762)
(108,128)
Provisions for liabilities
Deferred tax
(42,389)
(52,081)
Net assets
1,709,261
1,660,385
Called up share capital
6
6
Profit and loss account
1,709,255
1,660,379
Shareholders' funds
1,709,261
1,660,385
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by
A W Mannings
Director
Company Registration No. 07991584
Mannings Harlequin Ltd
Notes to the Accounts
for the year ended 30 April 2024
Mannings Harlequin Ltd is a private company, limited by shares, registered in England and Wales, registration number 07991584. The registered office is Unit 9, Wellsway Works, Radstock, Somerset, BA3 3RZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% (vans straight line, cars reducing balance)
Computer equipment
33% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks and work in progress
Stocks and work in progress have been valued at the lower of cost and net realisable value. Work in progress represents directly attributable labour and material costs.
Mannings Harlequin Ltd
Notes to the Accounts
for the year ended 30 April 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
350,222
11,420
361,642
Disposals
(9,825)
-
(9,825)
At 30 April 2024
340,397
11,899
352,296
At 1 May 2023
142,184
11,134
153,318
Charge for the year
39,086
159
39,245
On disposals
(9,825)
-
(9,825)
At 30 April 2024
171,445
11,293
182,738
At 30 April 2024
168,952
606
169,558
At 30 April 2023
208,038
286
208,324
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
126,080
156,167
Amounts falling due within one year
Trade debtors
1,089,807
1,009,425
Accrued income and prepayments
17,606
11,308
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
33,366
31,808
Trade creditors
82,069
111,270
Taxes and social security
160,256
150,397
Other creditors
1,902
2,545
Loans from directors
2,682
862
The hire purchase contracts are secured on the assets concerned.
Mannings Harlequin Ltd
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
74,762
108,128
The hire purchase contracts are secured on the assets concerned.
8
Average number of employees
During the year the average number of employees was 20 (2023: 24).