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REGISTERED NUMBER: 01807814 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

A. MANNING U.K. LIMITED

A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A. MANNING U.K. LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Miss A Manning





SECRETARY: Ms Jacqueline J Newport





REGISTERED OFFICE: 73A Reading Road
Henley -On-Thames
Oxfordshire
RG9 1AX





REGISTERED NUMBER: 01807814 (England and Wales)





ACCOUNTANTS: Malcolm J. Greer FCCA, ATT
Chartered Certified Accountant
3 Jesse Terrace
Reading
Berkshire
RG1 7RS

A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 289,477 343,233

CURRENT ASSETS
Debtors 5 1,330,764 580,879
Cash at bank and in hand 6 2,882,154 3,056,940
4,212,918 3,637,819
CREDITORS
Amounts falling due within one year 7 1,432,367 1,041,177
NET CURRENT ASSETS 2,780,551 2,596,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,070,028

2,939,875

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 3,069,928 2,939,775
SHAREHOLDERS' FUNDS 3,070,028 2,939,875

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

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

The director acknowledges her 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 July 2024 and were signed by:





Miss A Manning - Director


A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

A. Manning U.K. 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 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.
Office equipment - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Office and
property equipment fittings
£    £    £   
COST
At 1 June 2023
and 31 May 2024 121,176 81,404 27,217
DEPRECIATION
At 1 June 2023 - 67,783 23,803
Charge for year - 2,041 469
At 31 May 2024 - 69,824 24,272
NET BOOK VALUE
At 31 May 2024 121,176 11,580 2,945
At 31 May 2023 121,176 13,621 3,414

A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 252,879 86,602 569,278
DEPRECIATION
At 1 June 2023 93,449 41,010 226,045
Charge for year 39,856 11,390 53,756
At 31 May 2024 133,305 52,400 279,801
NET BOOK VALUE
At 31 May 2024 119,574 34,202 289,477
At 31 May 2023 159,430 45,592 343,233

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 17,700 15,300
Client money insurance debtor - clients 99,411 40,124
Client money insurance debtor - insurers 321,055 293,510
Other debtors 641,607 2,141
Loans to employees 6,082 7,098
Loans to third parties 200,000 200,000
Deferred tax asset
Accelerated capital allowances 17,128 9,454
Prepayments and accrued income 27,781 13,252
1,330,764 580,879

6. CASH AT BANK AND IN HAND
31.5.24 31.5.23
£    £   
Statutory trust client money
bank account - current
account 628,494 550,870
Office bank account - current account 1,323,504 1,601,704
Office bank account - deposit account 414,827 401,698
Office bank account - deposit account 515,312 502,584
Cash in hand 17 84
2,882,154 3,056,940

A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 10 74
Corporation tax 100,664 78,955
Social security and other taxes 3,368 4,603
Client money insurance creditor - clients 24,008 48,653
Client money insurance creditor - insurers 906,830 721,677
Client money insurance creditor - unearned
commission

99,602

86,323
Client money insurance creditor - unearned
fees

18,520

27,850
Net wages creditor 75 75
Pension scheme creditor 571 445
Directors' current accounts 901 825
Accruals and deferred income 277,818 71,697
1,432,367 1,041,177

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.5.24 31.5.23
£    £   
Within one year 245 1,925
Between one and five years 102 347
347 2,272

9. DEFERRED TAX
£   
Balance at 1 June 2023 (9,454 )
Provided during year (7,674 )
Balance at 31 May 2024 (17,128 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

A. MANNING U.K. LIMITED (REGISTERED NUMBER: 01807814)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

11. RELATED PARTY DISCLOSURES

During the year, the Company provided additional unsecured loans to two related companies.

The sum of £89 was loaned to A. Manning (Engineering Waiver) Limited and the sum of £639,377 was loaned to A. Manning Property Investments Limited.

At the year end, A. Manning (Engineering Waiver) Limited's total loan amounted to £1,312 (2023 - £1,223) and A. Manning Property Investments Limited's total loan amounted to £640,295 (2023 - £918).

Both loans are unsecured, interest free and repayable on demand.

A. Manning (Engineering Waiver) Limited and A. Manning Property Investments Limited are related parties by virtue of them being controlled by Miss. A Manning, the sole director and controlling party of A. Manning U.K. Limited.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Miss A Manning.

13. CASH AT BANK AND IN HAND

Substantial cash is kept within the company to help fund the acquisition of new office premises once a suitable site has been found.