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REGISTERED NUMBER: 04430069 (England and Wales)















Manning Construction Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Manning Construction Limited (Registered number: 04430069)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Manning Construction Limited

Company Information
for the Year Ended 30 April 2024







Directors: Mr B Manning
Mr D Manning
Mr S Euston
Mrs. F Manning
Mr M Jones
Mr P Brook
Mrs J Creffield





Registered office: Brodawel
Coychurch
Bridgend
Vale of Glamorgan
CF35 5BU





Registered number: 04430069 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Manning Construction Limited (Registered number: 04430069)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 217,219 209,716
Investments 5 10,000 10,000
227,219 219,716

Current assets
Stocks 16,600 16,600
Debtors 6 3,679,688 3,231,145
Cash at bank and in hand 124,861 180,453
3,821,149 3,428,198
Creditors
Amounts falling due within one year 7 (1,153,112 ) (865,022 )
Net current assets 2,668,037 2,563,176
Total assets less current liabilities 2,895,256 2,782,892

Creditors
Amounts falling due after more than one
year

8

(36,651

)

(42,379

)
Net assets 2,858,605 2,740,513

Capital and reserves
Called up share capital 11 1 1
Retained earnings 2,858,604 2,740,512
Shareholders' funds 2,858,605 2,740,513

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 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 31 January 2025 and were signed on its behalf by:





Mr B Manning - Director


Manning Construction Limited (Registered number: 04430069)

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

1. Statutory information

Manning Construction 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. Accounting policies

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

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of civil engineering and building contracts.

Government grants
Government grants relates to amounts received in relation to the UK Government's CITB Grant

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost, 25% on reducing balance and 10% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 4% on cost

Stocks
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first forseen.

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.

3. Employees and directors

The average number of employees during the year was 43 (2023 - 46 ) .

Manning Construction Limited (Registered number: 04430069)

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

4. Tangible fixed assets
Fixtures
Plant and and Motor Office
machinery fittings vehicles equipment Totals
£    £    £    £    £   
Cost
At 1 May 2023 307,030 32,543 238,033 6,400 584,006
Additions 539 666 85,402 - 86,607
Disposals - - (20,800 ) - (20,800 )
At 30 April 2024 307,569 33,209 302,635 6,400 649,813
Depreciation
At 1 May 2023 252,474 30,535 86,162 5,119 374,290
Charge for year 22,127 1,068 40,702 257 64,154
Eliminated on disposal - - (5,850 ) - (5,850 )
At 30 April 2024 274,601 31,603 121,014 5,376 432,594
Net book value
At 30 April 2024 32,968 1,606 181,621 1,024 217,219
At 30 April 2023 54,556 2,008 151,871 1,281 209,716

Fixed assets, included in the above which are held under hire purchase contracts include plant and machinery with a net book of £Nil and motor vehicles with the net book value of £43,907.

5. Fixed asset investments
Other
investments
£   
Cost
At 1 May 2023
and 30 April 2024 10,000
Net book value
At 30 April 2024 10,000
At 30 April 2023 10,000

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 715,191 605,188
Retentions 71,304 25,415
Amounts owed by group undertakings 2,439,108 2,463,305
Amounts recoverable on contract 342,889 36,151
Other debtors 2,445 2,480
Directors' current accounts 86,240 77,839
Tax 12,192 10,268
Prepayments 10,319 10,499
3,679,688 3,231,145

Manning Construction Limited (Registered number: 04430069)

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

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 14,327 9,581
Trade creditors 565,085 389,242
Tax 6,674 49,270
Social security and other taxes 44,605 39,347
Net wages 16,575 -
VAT 276,807 114,548
Other creditors 8,410 8,219
Accrued expenses 210,629 244,815
1,153,112 865,022

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 2-5 years 10,833 20,833
Hire purchase contracts (see note 9) 25,818 21,546
36,651 42,379

9. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 14,327 9,581
Between one and five years 25,818 21,546
40,145 31,127

10. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 40,145 31,127

The hire purchase liabilities are secured against the assets to which they relate.

11. Called up share capital

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

Manning Construction Limited (Registered number: 04430069)

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

12. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Mr B Manning
Balance outstanding at start of year - 26,633
Amounts advanced 29,737 53,757
Amounts repaid (29,737 ) (80,390 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mr D Manning
Balance outstanding at start of year 31,489 28,705
Amounts advanced 13,609 11,214
Amounts repaid (7,909 ) (8,430 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,189 31,489

Mr S Euston
Balance outstanding at start of year 34,378 34,378
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 34,378 34,378

Mr M Jones
Balance outstanding at start of year 8,783 4,422
Amounts advanced 8,177 9,190
Amounts repaid (5,020 ) (4,829 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,940 8,783

Mr P Brook
Balance outstanding at start of year 1,988 1,988
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,988 1,988

Mrs J Creffield
Balance outstanding at start of year 1,201 923
Amounts advanced 9,545 10,278
Amounts repaid (10,000 ) (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 746 1,201

There is no set repayment date and no interest is charged on outstanding balances.

Manning Construction Limited (Registered number: 04430069)

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

13. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included in Trade debtors an amount of £16,298 due from Bridgend Plant Pension scheme.

14. Ultimate controlling party

The company is controlled by Bridgend Plant Limited, its parent undertaking. The ultimate controlling party is Mr Brian Manning.