Registered number
07979155
J Mann and Co Ltd
Filleted Accounts
30 June 2024
J Mann and Co Ltd
Registered number: 07979155
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,061 1,646
Current assets
Debtors 4 47,234 36,856
Cash at bank and in hand 62,723 46,458
109,957 83,314
Creditors: amounts falling due within one year 5 (21,064) (15,507)
Net current assets 88,893 67,807
Net assets 89,954 69,453
Capital and reserves
Called up share capital 1 1
Profit and loss account 89,953 69,452
Shareholder's funds 89,954 69,453
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.
J H Mann
Director
Approved by the board on 28 March 2025
J Mann and Co Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services. 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 25% straight-line
Financial instruments
The company has adopted the provisions of Section 11 FRS102 - Basic Financial Instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.
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.
1 Accounting policies (continued)
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 5,689
Additions 124
Disposals (417)
At 30 June 2024 5,396
Depreciation
At 1 July 2023 4,043
Charge for the year 709
On disposals (417)
At 30 June 2024 4,335
Net book value
At 30 June 2024 1,061
At 30 June 2023 1,646
4 Debtors 2024 2023
£ £
Trade debtors 19,859 6,721
Other debtors 27,375 30,135
47,234 36,856
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 19,170 14,201
Other creditors 1,894 1,306
21,064 15,507
6 Other information
J Mann and Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Wyatt Close
Bushey
WD23 4GT
J Mann and Co Ltd 07979155 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts July 2024 J H Mann No description of principal activity 07979155 2022-07-01 2023-06-30 07979155 core:WithinOneYear 2023-06-30 07979155 core:ShareCapital 2023-06-30 07979155 core:RetainedEarningsAccumulatedLosses 2023-06-30 07979155 2023-07-01 2024-06-30 07979155 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07979155 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07979155 bus:Director40 2023-07-01 2024-06-30 07979155 3 2023-07-01 2024-06-30 07979155 1 2023-07-01 2024-06-30 07979155 2 2023-07-01 2024-06-30 07979155 core:PlantMachinery 2023-07-01 2024-06-30 07979155 countries:England 2023-07-01 2024-06-30 07979155 bus:FRS102 2023-07-01 2024-06-30 07979155 bus:FilletedAccounts 2023-07-01 2024-06-30 07979155 2024-06-30 07979155 core:WithinOneYear 2024-06-30 07979155 core:ShareCapital 2024-06-30 07979155 core:RetainedEarningsAccumulatedLosses 2024-06-30 07979155 core:PlantMachinery 2024-06-30 07979155 2023-06-30 07979155 core:PlantMachinery 2023-06-30 iso4217:GBP xbrli:pure