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REGISTERED NUMBER: 06656049 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

MANCHESTER MANUFACTURING GROUP LTD

MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 230,972 261,112

CURRENT ASSETS
Stocks 239,884 300,286
Debtors 5 595,429 517,028
Cash at bank and in hand 666,832 558,663
1,502,145 1,375,977
CREDITORS
Amounts falling due within one year 6 (879,814 ) (693,540 )
NET CURRENT ASSETS 622,331 682,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

853,303

943,549

CREDITORS
Amounts falling due after more than one
year

7

(58,833

)

(141,122

)

PROVISIONS FOR LIABILITIES (54,401 ) (58,510 )
NET ASSETS 740,069 743,917

CAPITAL AND RESERVES
Called up share capital 67 67
Capital redemption reserve 33 33
Retained earnings 739,969 743,817
SHAREHOLDERS' FUNDS 740,069 743,917

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 directors acknowledge their 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.

MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





Mr P E J Noone - Director


MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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


1. STATUTORY INFORMATION

Manchester Manufacturing Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06656049

Registered office: 149-153 Holland Street
Denton
Manchester
M34 3GE

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 comprises the invoiced value of goods and services supplied by the company during the year, net of Value Added Tax and trade discounts.

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.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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


2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Government grants
Government grants have been recognised based on the accrual model. Government grants related to assets are recognised as deferred income and recognised in income on a systematic basis over the expected useful life of the asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 31 ) .

MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 126,835 356,124 20,333
Additions - 30,285 2,532
At 31 July 2024 126,835 386,409 22,865
DEPRECIATION
At 1 August 2023 89,579 202,540 9,817
Charge for year 23,887 24,542 2,815
At 31 July 2024 113,466 227,082 12,632
NET BOOK VALUE
At 31 July 2024 13,369 159,327 10,233
At 31 July 2023 37,256 153,584 10,516

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 75,490 76,881 655,663
Additions - 3,632 36,449
At 31 July 2024 75,490 80,513 692,112
DEPRECIATION
At 1 August 2023 29,088 63,527 394,551
Charge for year 11,600 3,745 66,589
At 31 July 2024 40,688 67,272 461,140
NET BOOK VALUE
At 31 July 2024 34,802 13,241 230,972
At 31 July 2023 46,402 13,354 261,112


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 503,406 475,027
Amounts owed by group undertakings 52,500 -
Other debtors 39,523 42,001
595,429 517,028

MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,315 34,576
Hire purchase contracts (see note 8) 39,405 16,371
Trade creditors 586,548 381,887
Taxation and social security 156,986 146,469
Other creditors 69,560 114,237
879,814 693,540

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 46,224 89,108
Hire purchase contracts (see note 8) 12,609 52,014
58,833 141,122

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 39,405 16,371
Between one and five years 12,609 52,014
52,014 68,385

Non-cancellable operating leases
2024 2023
£    £   
Within one year 48,163 53,475
Between one and five years 132,934 13,580
181,097 67,055

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 52,014 68,385

MANCHESTER MANUFACTURING GROUP LTD (REGISTERED NUMBER: 06656049)

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


10. RELATED PARTY DISCLOSURES

At the balance sheet date there is a balance owed by a company under common control of £52,500 included in other debtors. This amount is repayable on demand.