Registered number
06527313
A Mann Ltd
Filleted Accounts
31 March 2024
A Mann Ltd
Registered number: 06527313
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 21,452 22,795
Current assets
Stocks 50,000 87,500
Debtors 4 520,854 625,629
Cash at bank and in hand 1,718 30,867
572,572 743,996
Creditors: amounts falling due within one year 5 (645,144) (652,517)
Net current (liabilities)/assets (72,572) 91,479
Total assets less current liabilities (51,120) 114,274
Creditors: amounts falling due after more than one year 6 (58,341) (108,333)
Net (liabilities)/assets (109,461) 5,941
Capital and reserves
Called up share capital 100 100
Profit and loss account (109,561) 5,841
Shareholder's funds (109,461) 5,941
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sajeel Abrar
Director
Approved by the board on 2 August 2024
A Mann Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 20
3 Tangible fixed assets
Office equipment Fixtures & fittings Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 6,793 187,545 6,500 200,838
Additions 3,023 2,785 - 5,808
At 31 March 2024 9,816 190,330 6,500 206,646
Depreciation
At 1 April 2023 6,277 165,266 6,500 178,043
Charge for the year 885 6,266 - 7,151
At 31 March 2024 7,162 171,532 6,500 185,194
Net book value
At 31 March 2024 2,654 18,798 - 21,452
At 31 March 2023 516 22,279 - 22,795
4 Debtors 2024 2023
£ £
Trade debtors 111,440 205,357
Other debtors 409,414 420,272
520,854 625,629
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 49,992 50,000
Trade creditors 443,145 486,726
Taxation and social security costs 17,568 21,673
Other creditors 134,439 94,118
645,144 652,517
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 58,341 108,333
7 Other information
A Mann Ltd is a private company limited by shares and incorporated in England. Its registered office is:
47-49 New Hall Lane
Preston
Lancashire
PR1 5NY
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