Registered number
07924957
Manku Bros Ltd
Filleted Accounts
31 January 2025
Manku Bros Ltd
Registered number: 07924957
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 591,440 478,891
Current assets
Stocks 494,584 544,494
Debtors 4 104,352 73,469
Cash at bank and in hand 18,564 93,730
617,500 711,693
Creditors: amounts falling due within one year 5 (73,337) (105,067)
Net current assets 544,163 606,626
Total assets less current liabilities 1,135,603 1,085,517
Creditors: amounts falling due after more than one year 6 (34,243) -
Net assets 1,101,360 1,085,517
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,101,260 1,085,417
Shareholders' funds 1,101,360 1,085,517
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Jaswinder Singh Manku
Director
Approved by the board on 21 May 2025
Manku Bros Ltd
Notes to the Accounts
for the year ended 31 January 2025
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:
Freehold buildings Held at cost
Plant and machinery 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 9 9
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2024 412,823 42,475 140,160 595,458
Additions 94,895 - 37,500 132,395
At 31 January 2025 507,718 42,475 177,660 727,853
Depreciation
At 1 February 2024 - 35,480 81,087 116,567
Charge for the year 9,903 286 9,657 19,846
At 31 January 2025 9,903 35,766 90,744 136,413
Net book value
At 31 January 2025 497,815 6,709 86,916 591,440
At 31 January 2024 412,823 6,995 59,073 478,891
4 Debtors 2025 2024
£ £
Trade debtors 92,127 73,469
Other debtors 12,225 -
104,352 73,469
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 42,452 38,178
Taxation and social security costs 11,420 48,142
Other creditors 19,465 18,747
73,337 105,067
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 34,243 -
7 Other information
Manku Bros Ltd is a private company limited by shares and incorporated in England. Its registered office is:
26a Elmete Avenue
Leeds
LS8 2QN
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