Manby Storage Services Limited 11797136 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is Operation of warehousing and storage facilities for land transport activities Digita Accounts Production Advanced 6.30.9574.0 true false false true 11797136 2023-05-01 2024-04-30 11797136 2024-04-30 11797136 bus:OrdinaryShareClass1 2024-04-30 11797136 core:RetainedEarningsAccumulatedLosses 2024-04-30 11797136 core:ShareCapital 2024-04-30 11797136 core:CurrentFinancialInstruments 2024-04-30 11797136 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 11797136 core:Non-currentFinancialInstruments 2024-04-30 11797136 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 11797136 core:CostValuation 2024-04-30 11797136 core:DisposalsDecreaseInInvestments 2024-04-30 11797136 core:FurnitureFittingsToolsEquipment 2024-04-30 11797136 bus:SmallEntities 2023-05-01 2024-04-30 11797136 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 11797136 bus:FilletedAccounts 2023-05-01 2024-04-30 11797136 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 11797136 bus:RegisteredOffice 2023-05-01 2024-04-30 11797136 bus:Director1 2023-05-01 2024-04-30 11797136 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 11797136 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 11797136 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 11797136 core:PlantMachinery 2023-05-01 2024-04-30 11797136 1 2023-05-01 2024-04-30 11797136 countries:EnglandWales 2023-05-01 2024-04-30 11797136 2023-04-30 11797136 core:CostValuation 2023-04-30 11797136 core:FurnitureFittingsToolsEquipment 2023-04-30 11797136 2022-05-01 2023-04-30 11797136 2023-04-30 11797136 bus:OrdinaryShareClass1 2023-04-30 11797136 core:RetainedEarningsAccumulatedLosses 2023-04-30 11797136 core:ShareCapital 2023-04-30 11797136 core:CurrentFinancialInstruments 2023-04-30 11797136 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 11797136 core:Non-currentFinancialInstruments 2023-04-30 11797136 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 11797136 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11797136

Manby Storage Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Manby Storage Services Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Manby Storage Services Limited

(Registration number: 11797136)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

41,435

30,740

Investments

5

-

45,572

 

41,435

76,312

Current assets

 

Stocks

6

-

45,956

Debtors

7

2,017,128

1,744,485

Cash at bank and in hand

 

541,538

844,302

 

2,558,666

2,634,743

Creditors: Amounts falling due within one year

8

(806,900)

(389,694)

Net current assets

 

1,751,766

2,245,049

Total assets less current liabilities

 

1,793,201

2,321,361

Creditors: Amounts falling due after more than one year

8

(782,295)

(856,706)

Provisions for liabilities

(8,639)

(7,685)

Net assets

 

1,002,267

1,456,970

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

1,002,167

1,456,870

Shareholders' funds

 

1,002,267

1,456,970

For the financial 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.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 January 2025
 

.........................................
M Chapman
Director

 

Manby Storage Services Limited

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

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Davis House
Manby Park
Manby
Louth
LN11 8UT

These financial statements were authorised for issue by the director on 14 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The accounts are prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Manby Storage Services Limited

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

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

15%, 20% & 25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Manby Storage Services Limited

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

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the year, was 9 (2023 - 5).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

34,398

34,398

Additions

17,733

17,733

At 30 April 2024

52,131

52,131

Depreciation

At 1 May 2023

3,658

3,658

Charge for the year

7,038

7,038

At 30 April 2024

10,696

10,696

Carrying amount

At 30 April 2024

41,435

41,435

At 30 April 2023

30,740

30,740

5

Investments

2024
£

2023
£

Investments in subsidiaries

-

45,572

Subsidiaries

£

Cost or valuation

At 1 May 2023

45,572

Disposals

(45,572)

At 30 April 2024

-

Provision

Carrying amount

At 30 April 2024

-

At 30 April 2023

45,572

6

Stocks

2024
£

2023
£

Other inventories

-

45,956

 

Manby Storage Services Limited

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

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

288,715

214,210

Amounts owed by related parties

1,704,947

1,515,453

Prepayments

 

13,413

8,586

Other debtors

 

10,053

6,236

   

2,017,128

1,744,485

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

74,411

72,179

Trade creditors

 

51,287

22,191

Amounts owed to Company undertakings and undertakings in which the Company has a participating interest

595,000

-

Taxation and social security

 

80,178

190,462

Accruals and deferred income

 

5,099

4,615

Other creditors

 

925

100,247

 

806,900

389,694

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       
 

Manby Storage Services Limited

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

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

782,295

856,706

Current loans and borrowings

2024
£

2023
£

Other borrowings

74,411

72,179

Other borrowings

The carrying amount of Other borrowings at year end is £782,295.

The loan is secured against the company's interest in property held by a group member, HETSE Property Limited.

11

Parent and ultimate parent undertaking

The Company's immediate parent is Manby Group Limited, incorporated in United Kingdom.

  These financial statements are available upon request from the address found on page 1.