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MANNING & COMPANY (SOUTH WEST) LIMITED

Registered Number
03101454
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

MANNING & COMPANY (SOUTH WEST) LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Patrick Goddard
Lisa Faye Julian
Michael Legassick
Paul Northmore

Company Secretary

Paul Northmore

Registered Address

C/O Businessvision Unit 4, Sandy Court, Ashleigh Way
Plympton
Plymouth
PL7 5JX

Registered Number

03101454 (England and Wales)
MANNING & COMPANY (SOUTH WEST) LIMITED
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3201,273173,150
Tangible assets411,52816,862
212,801190,012
Current assets
Debtors388,052380,098
Cash at bank and on hand183,456197,683
571,508577,781
Creditors amounts falling due within one year5(197,793)(168,518)
Net current assets (liabilities)373,715409,263
Total assets less current liabilities586,516599,275
Creditors amounts falling due after one year6(101,873)(166,610)
Provisions for liabilities7(3,055)(3,204)
Net assets481,588429,461
Capital and reserves
Called up share capital1,3051,305
Profit and loss account480,283428,156
Shareholders' funds481,588429,461
The financial statements were approved and authorised for issue by the Board of Directors on 18 February 2025, and are signed on its behalf by:
Paul Northmore
Director
Registered Company No. 03101454
MANNING & COMPANY (SOUTH WEST) LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings25
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year88
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 23173,150173,150
Additions38,71638,716
At 31 July 24211,866211,866
Amortisation and impairment
Charge for year10,59310,593
At 31 July 2410,59310,593
Net book value
At 31 July 24201,273201,273
At 31 July 23173,150173,150
4.Tangible fixed assets

Land & buildings

Fixtures & fittings

Total

£££
Cost or valuation
At 01 August 2310,000126,773136,773
Additions-247247
At 31 July 2410,000127,020137,020
Depreciation and impairment
At 01 August 2310,000109,911119,911
Charge for year-5,5815,581
At 31 July 2410,000115,492125,492
Net book value
At 31 July 24-11,52811,528
At 31 July 23-16,86216,862
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables82,00076,000
Bank borrowings and overdrafts75,90669,965
Taxation and social security17,334-
Other creditors22,55322,553
Total197,793168,518
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts30,70893,232
Other creditors71,16573,378
Total101,873166,610
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,0553,204
Total3,0553,204
8.Related party transactions
At the year end the company owed PK Northmore Ltd £10,053, a company in which PK Northmore director, is also a director (2023 - £10,053) At the year end the company was owed £12,500 by LF Julian Ltd, a company in which LF Julian, director is also a director (2023 - £12,500) At the year end the company was owed £12,500 by PJ Goddard Ltd, a company in which PJ Goddard, director is also a director (2023 - £12,500)