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REGISTERED NUMBER: 10854392 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Man Power Connections Ltd

Man Power Connections Ltd (Registered number: 10854392)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Man Power Connections Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M Manison





REGISTERED OFFICE: St Thomas House
83 Wolverhampton Road
Cannock
WS11 1AR





REGISTERED NUMBER: 10854392 (England and Wales)





ACCOUNTANTS: CJM Associates
St Thomas House
83 Wolverhampton Road
Cannock
Staffordshire
WS11 1AR

Man Power Connections Ltd (Registered number: 10854392)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 740,957 518,948

CURRENT ASSETS
Debtors 5 544,206 1,606,881
Cash at bank and in hand 1,896,888 1,162,242
2,441,094 2,769,123
CREDITORS
Amounts falling due within one year 6 1,270,878 945,066
NET CURRENT ASSETS 1,170,216 1,824,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,911,173

2,343,005

CREDITORS
Amounts falling due after more than one year 7 158,317 83,706
NET ASSETS 1,752,856 2,259,299

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 1,752,855 2,259,298
SHAREHOLDERS' FUNDS 1,752,856 2,259,299

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Man Power Connections Ltd (Registered number: 10854392)

Balance Sheet - continued
31 July 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 director and authorised for issue on 21 October 2024 and were signed by:





M Manison - Director


Man Power Connections Ltd (Registered number: 10854392)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Man Power Connections Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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 etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Man Power Connections Ltd (Registered number: 10854392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 733,859
Additions 328,461
At 31 July 2024 1,062,320
DEPRECIATION
At 1 August 2023 214,911
Charge for year 106,452
At 31 July 2024 321,363
NET BOOK VALUE
At 31 July 2024 740,957
At 31 July 2023 518,948

Man Power Connections Ltd (Registered number: 10854392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 333,637
Additions 197,534
Transfer to ownership (100,850 )
At 31 July 2024 430,321
DEPRECIATION
At 1 August 2023 110,444
Charge for year 50,116
Transfer to ownership (45,106 )
At 31 July 2024 115,454
NET BOOK VALUE
At 31 July 2024 314,867
At 31 July 2023 223,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 158,838 342,089
Amounts owed by associates - 1,172,925
Other debtors 385,368 91,867
544,206 1,606,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,826
Hire purchase contracts (see note 8) 73,091 57,056
Trade creditors 469,911 489,619
Taxation and social security 178,143 154,538
Other creditors 539,733 233,027
1,270,878 945,066

Man Power Connections Ltd (Registered number: 10854392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 9,167 18,340
Hire purchase contracts (see note 8) 149,150 65,366
158,317 83,706

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Gross obligations repayable:
Within one year 80,280 62,147
Between one and five years 164,128 73,186
244,408 135,333

Finance charges repayable:
Within one year 7,189 5,091
Between one and five years 14,978 7,820
22,167 12,911

Net obligations repayable:
Within one year 73,091 57,056
Between one and five years 149,150 65,366
222,241 122,422

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 2,272 7,033
Between one and five years - 2,272
2,272 9,305

Man Power Connections Ltd (Registered number: 10854392)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 222,241 122,422

Hire purchase contracts are secured against the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
1 Ordinary 1 1 1