Company registration number 12961880 (England and Wales)
Mantz Dow Limited
Unaudited financial statements
For the year ended 31 October 2024
Mantz Dow Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
Notes to the financial statements
3 - 6
Mantz Dow Limited
Company information
Directors
Mr G Smethills
Mrs J Smethills
Company number
12961880
Registered office
Hillside
Burgs Lane
Bayston Hill
Shropshire
United Kingdom
SY3 0EF
Accountants
DJH Bury Limited
The Exchange
5 Bank Street
Bury
Lancashire
BL9 0DN
Mantz Dow Limited
Statement of financial position
As at 31 October 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
4
1,927
301
Current assets
Debtors
5
6,000
12,649
Cash at bank and in hand
69,902
52,220
75,902
64,869
Creditors: amounts falling due within one year
6
(33,952)
(32,131)
Net current assets
41,950
32,738
Total assets less current liabilities
43,877
33,039
Provisions for liabilities
(366)
(57)
Net assets
43,511
32,982
Capital and reserves
Called up share capital
100
100
Retained earnings
43,411
32,882
Total equity
43,511
32,982
Mantz Dow Limited
Statement of financial position (continued)
As at 31 October 2024
31 October 2024
- 2 -

For the financial year ended 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 13 March 2025 and are signed on its behalf by:
Mr G Smethills
Director
Company registration number 12961880 (England and Wales)
Mantz Dow Limited
Notes to the financial statements
For the year ended 31 October 2024
- 3 -
1
Accounting policies
Company information

Mantz Dow Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12961880 and its registered office address is Hillside Burgs Lane, Bayston Hill, Shropshire, SY3 0EF.

1.1
Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are satisfied that the company is a going concern and that the financial statements are correctly prepared on this basis.true

1.3
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

Services revenue are recognised as those services are provided to customers.

1.4
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Computers
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Mantz Dow Limited
Notes to the financial statements (continued)
For the year ended 31 October 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at cost and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Judgements and key sources of estimation uncertainty

There are currently no significant judgements and estimates applied by the directors which are considered key to the preparation of the financial statements.

Mantz Dow Limited
Notes to the financial statements (continued)
For the year ended 31 October 2024
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 2 (2023 - 2).

2024
2023
Number
Number
Total
2
2
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023
3,270
Additions
1,907
At 31 October 2024
5,177
Depreciation and impairment
At 1 November 2023
2,969
Depreciation charged in the year
281
At 31 October 2024
3,250
Carrying amount
At 31 October 2024
1,927
At 31 October 2023
301
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
6,000
12,563
Other debtors
-
0
86
6,000
12,649
Mantz Dow Limited
Notes to the financial statements (continued)
For the year ended 31 October 2024
- 6 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
4,160
2,051
Other creditors
29,792
30,080
33,952
32,131
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