Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true14No description of principal activity2023-05-01false14trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09682175 2023-05-01 2024-04-30 09682175 2022-05-01 2023-04-30 09682175 2024-04-30 09682175 2023-04-30 09682175 c:Director1 2023-05-01 2024-04-30 09682175 d:CurrentFinancialInstruments 2024-04-30 09682175 d:CurrentFinancialInstruments 2023-04-30 09682175 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09682175 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09682175 d:ShareCapital 2024-04-30 09682175 d:ShareCapital 2023-04-30 09682175 d:RetainedEarningsAccumulatedLosses 2024-04-30 09682175 d:RetainedEarningsAccumulatedLosses 2023-04-30 09682175 c:FRS102 2023-05-01 2024-04-30 09682175 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09682175 c:FullAccounts 2023-05-01 2024-04-30 09682175 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09682175 2 2023-05-01 2024-04-30 09682175 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09682175









MANN ENTERPRISES RESOURCES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
MANN ENTERPRISES RESOURCES LTD
REGISTERED NUMBER: 09682175

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
403,670
285,408

Cash at bank and in hand
 5 
6,872
16,142

  
410,542
301,550

Creditors: amounts falling due within one year
 6 
(405,149)
(295,194)

Net current assets
  
 
 
5,393
 
 
6,356

  

Net assets
  
5,393
6,356


Capital and reserves
  

Called up share capital 
  
10
10

Profit and loss account
  
5,383
6,346

  
5,393
6,356


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 January 2025.




J Mann
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
MANN ENTERPRISES RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Mann Enterprises Resources Limited ("the Company") operates as an online seller of computer kits and components. The Company is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in the Statement of income and retained earning using the effective interest method.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of income and retained earning when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 2

 
MANN ENTERPRISES RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Page 3

 
MANN ENTERPRISES RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 14).


4.


Debtors

2024
2023
£
£


Trade debtors
292,553
254,712

Amounts owed by group undertakings
110,970
24,940

Other debtors
147
5,756

403,670
285,408



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,872
16,142

6,872
16,142



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
330,817
227,467

Corporation tax
54,772
22,700

Other taxation and social security
14,649
39,537

Other creditors
1,661
917

Accruals and deferred income
3,250
4,573

405,149
295,194


Page 4

 
MANN ENTERPRISES RESOURCES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Pension commitments

The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £5,470 (2023 - £3,377). Contributions totalling £1,617 (2023 - £917) were payable to the fund at the balance sheet date and are included in creditors.


8.


Related party transactions

During the year, amounts owed to connected companies totalled £219,847 (2023 - £202,527).
As at the year end the company owed the director £44 
(2023 - £5,256 owed from).

Page 5