IRIS Accounts Production v25.1.3.33 12278928 director 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh122789282024-03-31122789282025-03-31122789282024-04-012025-03-31122789282023-03-31122789282023-04-012024-03-31122789282024-03-3112278928ns15:EnglandWales2024-04-012025-03-3112278928ns14:PoundSterling2024-04-012025-03-3112278928ns10:Director12024-04-012025-03-3112278928ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3112278928ns10:SmallEntities2024-04-012025-03-3112278928ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3112278928ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3112278928ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3112278928ns10:FullAccounts2024-04-012025-03-3112278928ns10:OrdinaryShareClass12024-04-012025-03-3112278928ns10:RegisteredOffice2024-04-012025-03-3112278928ns5:CurrentFinancialInstruments2025-03-3112278928ns5:CurrentFinancialInstruments2024-03-3112278928ns5:Non-currentFinancialInstruments2025-03-3112278928ns5:Non-currentFinancialInstruments2024-03-3112278928ns5:ShareCapital2025-03-3112278928ns5:ShareCapital2024-03-3112278928ns5:RetainedEarningsAccumulatedLosses2025-03-3112278928ns5:RetainedEarningsAccumulatedLosses2024-03-3112278928ns5:PlantMachinery2024-04-012025-03-3112278928ns5:LeaseholdImprovements2024-03-3112278928ns5:PlantMachinery2024-03-3112278928ns5:ComputerEquipment2024-03-3112278928ns5:LeaseholdImprovements2024-04-012025-03-3112278928ns5:ComputerEquipment2024-04-012025-03-3112278928ns5:LeaseholdImprovements2025-03-3112278928ns5:PlantMachinery2025-03-3112278928ns5:ComputerEquipment2025-03-3112278928ns5:LeaseholdImprovements2024-03-3112278928ns5:PlantMachinery2024-03-3112278928ns5:ComputerEquipment2024-03-3112278928ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3112278928ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3112278928ns5:WithinOneYear2025-03-3112278928ns5:WithinOneYear2024-03-3112278928ns5:BetweenOneFiveYears2025-03-3112278928ns5:BetweenOneFiveYears2024-03-3112278928ns5:AllPeriods2025-03-3112278928ns5:AllPeriods2024-03-3112278928ns5:Secured2025-03-3112278928ns5:Secured2024-03-3112278928ns5:DeferredTaxation2024-04-012025-03-3112278928ns5:DeferredTaxation2025-03-3112278928ns10:OrdinaryShareClass12025-03-311227892812024-04-012025-03-31
REGISTERED NUMBER: 12278928 (England and Wales)















MANTHORPE FURNITURE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






MANTHORPE FURNITURE LTD (REGISTERED NUMBER: 12278928)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


MANTHORPE FURNITURE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: J Truswell





REGISTERED OFFICE: Unit 1-2
Partnership House
Withambrook Park Industrial Estate
Grantham
Lincolnshire
NG31 9ST





REGISTERED NUMBER: 12278928 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

MANTHORPE FURNITURE LTD (REGISTERED NUMBER: 12278928)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 25,258 19,984

CURRENT ASSETS
Inventories 15,000 15,762
Debtors 5 30,503 12,424
Cash at bank and in hand 21,076 37,857
66,579 66,043
CREDITORS
Amounts falling due within one year 6 51,287 27,979
NET CURRENT ASSETS 15,292 38,064
TOTAL ASSETS LESS CURRENT LIABILITIES 40,550 58,048

CREDITORS
Amounts falling due after more than one year 7 (36,174 ) (65,129 )

PROVISIONS FOR LIABILITIES 10 (2,000 ) -
NET ASSETS/(LIABILITIES) 2,376 (7,081 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 2,276 (7,181 )
SHAREHOLDERS' FUNDS 2,376 (7,081 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 4 June 2025 and were signed by:





J Truswell - Director


MANTHORPE FURNITURE LTD (REGISTERED NUMBER: 12278928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Manthorpe Furniture Ltd 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.

Revenue
Revenue represents amounts receivable for goods and services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 20% on cost and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

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. Accounts 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.

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.


MANTHORPE FURNITURE LTD (REGISTERED NUMBER: 12278928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 April 2024 13,695 13,510 - 27,205
Additions 3,706 5,730 1,832 11,268
At 31 March 2025 17,401 19,240 1,832 38,473
DEPRECIATION
At 1 April 2024 1,681 5,540 - 7,221
Charge for year 3,481 2,055 458 5,994
At 31 March 2025 5,162 7,595 458 13,215
NET BOOK VALUE
At 31 March 2025 12,239 11,645 1,374 25,258
At 31 March 2024 12,014 7,970 - 19,984

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 30,503 12,424

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 14,151 -
Taxation and social security 19,558 20,079
Other creditors 17,578 7,900
51,287 27,979

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 36,174 65,129

MANTHORPE FURNITURE LTD (REGISTERED NUMBER: 12278928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 15,440 -
Between one and five years 23,160 -
38,600 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 50,325 -

The director has given a personal guarantee in relation to the above loan.

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 2,000 -

Deferred
tax
£   
Provided during year 2,000
Balance at 31 March 2025 2,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

12. POST BALANCE SHEET EVENTS

Dividend of £5,000 was paid in respect of the year ended 31 March 2026 and is not accounted for in these financial statements. This dividend will be reflected in shareholders equity as an appropriation of retained earnings in the year ended 31 March 2026.