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REGISTERED NUMBER: 00570282 (England and Wales)















E MANTON LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024






E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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










Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Income Statement 9

Other Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Cash Flow Statement 13

Notes to the Cash Flow Statement 14

Notes to the Financial Statements 15


E MANTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: I M Clorley
P J Buss
P J Steele



SECRETARY: I M Clorley



REGISTERED OFFICE: 2440 Regents Court
The Crescent
Birminghan Business Park
Birmingham
B37 7YE



REGISTERED NUMBER: 00570282 (England and Wales)



AUDITORS: Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL



BANKERS: Santander
1 Cornwall Street
Birmingham
B3 2DT



SOLICITORS: Irwin Mitchell Solicitors
Imperial House
31 Temple Street
Birmingham
B2 5DB

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The Directors all feel that the business has achieved another successful year.

Despite turnover decreasing by 10.2% on the previous period, the gross margin achieved on the projects delivered has increased to 11.2% (2023 9.07%)

The reduction in turnover in the period is a result of the decline in work available in the market at the end of 2023, meaning 2024 started slowly. Work won increased steadily throughout the year and continues to be strong going into the upcoming period, with work secured/expected for 2025 already exceeding the turnover declared in these financial statements.

Overall, there has been an operating profit of £442,017 (2023 £558,831) and a pre-tax profit of £598,237 (2023 £650,465). After taxation £444,189 (2023 £555,784) has been added to reserves.

The Directors continue to increase the value of the company through increased market share, and organic growth. This year we have invested in our workforce, with the introduction of some respected industry leaders into our team, to further enhance our Design & Build and framework capabilities. We were pleased to again pay Employee bonuses, meaning bonuses paid since the formation of the Employee Owned Trust, now total £424,700.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors acknowledge that as well as rewards there are principal risks and uncertainties inherent in the construction sector which must be closely monitored and controlled.

The level of activity on the construction sector is affected by many factors including general economic conditions, government expenditure, inflation, interest rates, weather conditions, political events, and consumer confidence. The board has put in place systems and procedures which monitor the market conditions.

The company works with a range of construction partners with strong records of delivery and closely examines its pool of subcontractors and suppliers for quality of work, adherence to deadlines, sufficiency of resources and solvency. This, combined with excellent staff, well developed supply chains and established client base, allows the business to consistently deliver the growth enjoyed over many years and enjoy multiple repeat clients.

Contract risk, which is dependent on the nature of the work and the duration and legal form of the contract, is managed through board involvement in the tender and client selection, and rigorous and regular review of contracts in progress regarding forecast revenues and costs to complete. The company management information system provides timely and accurate information to the directors, allowing informed decisions to be taken.

ON BEHALF OF THE BOARD:





I M Clorley - Secretary


19 June 2025

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building contractors

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS
The directors anticipate the business environment will remain competitive. They believe that the company is in a good financial position and that the risks that have been identified are being well managed. The directors are confident in the company's ability to maintain this position.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

I M Clorley
P J Buss
P J Steele

FINANCIAL INSTRUMENTS
Given the nature and location of its operations, the company is not significantly exposed to price risk or foreign exchange risk, nor are liquidity or interest rate risks of concern while the company has no external funding requirement. Surplus funds are invested in short term bank deposits and so there is credit risk relating to cash and deposits with financial institutions. Regarding credit risk, it is standard company policy to perform appropriate credit checks on all potential customers before contracts are entered into.

POLITICAL DONATIONS AND EXPENDITURE
No political donations were made during the year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Sephton & Company LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:



I M Clorley - Secretary


19 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
E MANTON LIMITED


Opinion
We have audited the financial statements of E Manton Limited (the 'company') for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

However, because not all future events or conditions can be predicted, this statement is not a guarantee as to the entity's ability to continue as a going concern.

Emphasis of matter
We concluded that a material misstatement exists which affects the prior period financial statements, on which the predecessor auditor had previously reported without modification.

We draw attention to note 7 of the financial statements, which describes adjustments made to the prior period figures. Our opinion is not modified in respect of this matter.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
E MANTON LIMITED


Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
E MANTON LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain.
We also considered potential financial or other pressures, opportunities, and motivations for fraud. As part of this discussion, we identified internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any issues in this area.

We also gained an understanding of the legal and regulatory framework applicable to the entity and the industry in which it operates, drawing on our broad sector experience and considered the risk of acts by the entity that were contrary to these laws and regulations, including fraud.
We focused on laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. We identified the following areas as those most likely to have such an effect: the Health & Safety Act 1974, Building Safety Act 2022, Construction (Design and Management) Regulations 2015 and the Personal Protective Equipment at Work Regulations 1992. We also noted, and investigated, the Company compliance with ISO 9001 and ISO 14001 which, while not a legal requirement for an operating business, is central to E Manton Limited's operations and impacts consumer confidence in their deliverables.
We made enquiries of management with regards to compliance with the above laws and regulations and corroborated any necessary evidence to relevant information, for example we have reviewed the entity's latest CHAS membership showing their membership number and the date of award. The membership is for Standard CHAS which provides comprehensive health and safety assessment and self-certified insurance module. CHAS is a widely recognized accreditation in the UK. We also vouched approval of the entity's Safe Contractor status which was achieved on the back of their Contractors Health & Safety Assessment Scheme. To gain further comfort, we inspected the entity's membership with the British Safety Council, Constructing Excellence Midlands and Construction Online. We also obtained 16 different site visit reports and interrogated each one to see where sites were being flagged as being either minor or major non-compliant. On the site visit reports we were also able to gain comfort over the consistent use of PPE when on site. Finally, we inspected both ISO 9001 and ISO 14001 certificates to ensure they were in date during the financial year and had been upheld since the year end. We noted no issues throughout.

Our audit procedures included agreeing the financial statements disclosures to underlying supporting documentation and enquiries with management.
The engagement team also completed the following procedures:
- Understood how management considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
- Performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- In addressing the risk of fraud through management override of controls, we tested journal entries and other adjustments for inappropriate or unusual journals outside of our expectations, as well as for any significant transactions outside the normal course of business, taking into consideration the scope for management to manipulate financial results;

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
E MANTON LIMITED

- Assessed the appropriateness of key estimates and judgements made by management and challenged the assumptions used in accounting estimates. We considered the key estimates to be long term contract valuations, subcontract reserves, depreciation rates, bad debt provisions, provisions for defect corrections, deferred tax and going concern.
As a result of the above procedures, we considered the opportunities and incentives that may exist within the organization for fraud and identified the greatest potential for fraud in the following areas:
- Management override of controls due to the potentially unusual pressure to meet targets, in particular in the posting of unusual journals, complex transactions and the manipulation of amounts subject to significant judgement of estimate;
- Recognising revenue for transactions that do not meet the criteria for revenue recognition; and
- Completeness of related party transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed the non-compliance is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it.
In addition, as with any audit, there remained a higher detection risk of fraud as these may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. Our audit procedures are designed to detect material misstatement. We are not responsible for preventing non-compliance or fraud and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Other Matters
The prior period financial statements were audited by a predecessor auditor. They expressed an unmodified opinion on 22 July 2024.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Steven Connell (Senior Statutory Auditor)
for and on behalf of Sephton & Company LLP
Chartered Certified Accountants
Statutory Auditors
Marston House
5 Elmdon Lane
Marston Green
Solihull
West Midlands
B37 7DL

19 June 2025

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31/12/24 31/12/23
as restated
Notes £    £   

TURNOVER 19,606,927 21,833,927

Cost of sales 17,409,942 19,852,386
GROSS PROFIT 2,196,985 1,981,541

Administrative expenses 1,756,288 1,426,120
440,697 555,421

Other operating income 1,320 3,410
OPERATING PROFIT 4 442,017 558,831

Interest receivable and similar income 5 156,220 91,634
PROFIT BEFORE TAXATION 598,237 650,465

Tax on profit 6 154,048 94,681
PROFIT FOR THE FINANCIAL YEAR 444,189 555,784

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2024

31/12/24 31/12/23
as restated
Notes £    £   

PROFIT FOR THE YEAR 444,189 555,784


OTHER COMPREHENSIVE INCOME
Depreciation of Freehold property (22,100 ) (200,000 )
Change in rate of tax (8,243 ) (22,100 )
Income tax relating to components of other
comprehensive income

5,525

5,194
OTHER COMPREHENSIVE INCOME
FOR THE YEAR, NET OF INCOME TAX

(24,818

)

(216,906

)
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

419,371

338,878
Note
Prior year adjustment 7 110,500
TOTAL COMPREHENSIVE INCOME
SINCE LAST ANNUAL REPORT

529,871

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

BALANCE SHEET
31 DECEMBER 2024

31/12/24 31/12/23 1/1/23
as restated
Notes £    £    £   
FIXED ASSETS
Tangible assets 8 1,482,584 1,556,089 1,388,074

CURRENT ASSETS
Debtors 9 2,567,385 2,837,044 2,135,623
Cash at bank and in hand 4,753,474 4,455,925 3,559,744
7,320,859 7,292,969 5,695,367
CREDITORS
Amounts falling due within one year 10 (4,854,748 ) (5,317,687 ) (3,956,074 )
NET CURRENT ASSETS 2,466,111 1,975,282 1,739,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,948,695

3,531,371

3,127,367

PROVISIONS FOR LIABILITIES 11 (197,407 ) (199,454 ) -
NET ASSETS 3,751,288 3,331,917 3,127,367

CAPITAL AND RESERVES
Called up share capital 12 94,500 94,500 94,500
Revaluation reserve 13 461,272 486,090 725,724
Capital redemption reserve 13 175,500 175,500 175,500
Retained earnings 13 3,020,016 2,575,827 2,131,643
SHAREHOLDERS' FUNDS 3,751,288 3,331,917 3,127,367

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2025 and were signed on its behalf by:





I M Clorley - Director


E MANTON LIMITED (REGISTERED NUMBER: 00570282)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024

Called up Capital
share Retained Revaluation redemption Total
capital earnings reserve reserve equity
£    £    £    £    £   
Balance at 1 January 2023 94,500 2,220,043 528,718 175,500 3,018,761

Changes in equity
Total comprehensive income - 245,284 (42,628 ) - 202,656
Balance at 31 December 2023 94,500 2,465,327 486,090 175,500 3,221,417
Prior year adjustment - 110,500 - - 110,500
As restated 94,500 2,575,827 486,090 175,500 3,331,917

Changes in equity
Total comprehensive income - 444,189 (24,818 ) - 419,371
Balance at 31 December 2024 94,500 3,020,016 461,272 175,500 3,751,288

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024

31/12/24 31/12/23
as restated
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 219,035 1,247,068
Grants received 1,321 3,410
Tax paid (24,361 ) -
Net cash from operating activities 195,995 1,250,478

Cash flows from investing activities
Purchase of tangible fixed assets (65,167 ) (283,318 )
Sale of tangible fixed assets 10,501 37,387
Interest received 156,220 91,634
Net cash from investing activities 101,554 (154,297 )

Cash flows from financing activities
Gift to Employee Ownership Trust - (200,000 )
Net cash from financing activities - (200,000 )

Increase in cash and cash equivalents 297,549 896,181
Cash and cash equivalents at beginning of
year

2

4,455,925

3,559,744

Cash and cash equivalents at end of year 2 4,753,474 4,455,925

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024


1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

31/12/24 31/12/23
as restated
£    £   
Profit before taxation 598,237 650,465
Depreciation charges 116,572 77,389
Profit on disposal of fixed assets (10,501 ) (21,576 )
Grants received (1,320 ) (3,410 )
Finance income (156,220 ) (91,634 )
546,768 611,234
Decrease/(increase) in trade and other debtors 269,658 (701,418 )
(Decrease)/increase in trade and other creditors (597,391 ) 1,337,252
Cash generated from operations 219,035 1,247,068

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31/12/24 1/1/24
£    £   
Cash and cash equivalents 4,753,474 4,455,925
Year ended 31 December 2023
31/12/23 1/1/23
as restated
£    £   
Cash and cash equivalents 4,455,925 3,559,744


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1/1/24 Cash flow At 31/12/24
£    £    £   
Net cash
Cash at bank and in hand 4,455,925 297,549 4,753,474
4,455,925 297,549 4,753,474
Total 4,455,925 297,549 4,753,474

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


1. STATUTORY INFORMATION

E Manton Limited 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover on long-term contracts is recognised according to the stage reached in the contract by reference to the value of the work done. A prudent estimate of the profit attributable to work completed is recognised once the outcome of the contract can be assessed with reasonable certainty. The amount by which turnover exceeds payments on account is shown under debtors as "amounts recoverable on contracts". Payments on account in excess of turnover are classified as "payments on account" and separately disclosed within creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

Grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


E MANTON LIMITED (REGISTERED NUMBER: 00570282)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

31/12/2431/12/23
as restated
£   £   
Wages and salaries2,973,3912,751,924
Social security costs330,709305,683
Other pension costs100,65996,572
3,404,7593,154,179
The average number of employees during the year was as follows:
31/12/2431/12/23
as restated

Administration and office1514
Construction3837
5351

31/12/24 31/12/23
as restated
£    £   
Directors' remuneration 327,699 279,602
Directors' pension contributions to money purchase schemes 10,845 13,651

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 4

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


3. EMPLOYEES AND DIRECTORS - continued

Information regarding the highest paid director is as follows:
31/12/24 31/12/23
as restated
£    £   
Emoluments etc 110,476 101,085
Pension contributions to money purchase schemes 3,642 3,698

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

31/12/24 31/12/23
as restated
£    £   
Other operating leases 8,190 5,600
Depreciation - owned assets 138,672 99,492
Profit on disposal of fixed assets (10,501 ) (21,576 )
Auditors' remuneration 9,000 7,815
Taxation compliance services 1,000 1,000
EOT bonus payment to employees 158,900 141,000

5. INTEREST RECEIVABLE AND SIMILAR INCOME
31/12/24 31/12/23
as restated
£    £   
Bank interest received 156,220 91,634

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
31/12/24 31/12/23
as restated
£    £   
Current tax:
UK corporation tax 158,813 24,361

Deferred tax (4,765 ) 70,320
Tax on profit 154,048 94,681

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

31/12/24 31/12/23
as restated
£    £   
Profit before tax 598,237 650,465
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

149,559

162,616

Effects of:
Utilisation of tax losses - (76,537 )
Changes in tax rates 4,489 8,602
Total tax charge 154,048 94,681

Tax effects relating to effects of other comprehensive income

31/12/24
Gross Tax Net
£    £    £   
Depreciation of Freehold property (22,100 ) 5,525 (16,575 )
Change in rate of tax (8,243 ) - (8,243 )
(30,343 ) 5,525 (24,818 )

31/12/23
Gross Tax Net
£    £    £   
Gift to E Manton E.O.T. (200,000 ) - (200,000 )
Depreciation of Freehold property (22,100 ) 5,194 (16,906 )
Change in rate of tax (25,722 ) - (25,722 )
(247,822 ) 5,194 (242,628 )

7. PRIOR YEAR ADJUSTMENT

In the financial statements for the year ended 31 December 2023, there was a material error relating to the depreciation of freehold property and the deferred tax relating to the revaluation gain on the property. As a result, the company has made prior period adjustments to correct the errors. The adjustments have been reflected in the comparative figures for the year ended 31 December 2023. The effect of the adjustments are as follows:

Retained earnings: Increased by £110,500, being the freehold depreciation.

Deferred tax: Increased by £129,134, being the deferred tax on the revaluation gain

Revaluation reserve: Decreased by £239,634.

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


8. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 1,300,000 7,732 320,826 492,400 2,120,958
Additions - - 4,983 60,184 65,167
Disposals - - - (26,577 ) (26,577 )
At 31 December 2024 1,300,000 7,732 325,809 526,007 2,159,548
DEPRECIATION
At 1 January 2024 110,500 4,497 256,429 193,443 564,869
Charge for year 22,100 947 9,721 105,904 138,672
Eliminated on disposal - - - (26,577 ) (26,577 )
At 31 December 2024 132,600 5,444 266,150 272,770 676,964
NET BOOK VALUE
At 31 December 2024 1,167,400 2,288 59,659 253,237 1,482,584
At 31 December 2023 1,189,500 3,235 64,397 298,957 1,556,089

Included in cost or valuation of land and buildings is freehold land of £ 277,530 (2023 - £ 277,530 ) which is not depreciated.

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2018 660,008 - - - 660,008
Cost 639,992 7,732 325,809 526,007 1,499,540
1,300,000 7,732 325,809 526,007 2,159,548

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31/12/24 31/12/23
as restated
£    £   
Cost 639,992 639,992
Aggregate depreciation 132,610 121,461

Value of land in freehold land and buildings 277,530 277,530

Freehold land and buildings were valued on an open market basis on 31 December 2018 by Edward Delaney MRICS .

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
as restated
£    £   
Trade debtors 1,076,053 1,000,101
Retention control 974,751 842,629
Amounts recoverable on contract 479,008 868,863
Other debtors 20 73,002
Prepayments and accrued income 37,553 52,449
2,567,385 2,837,044

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
as restated
£    £   
Trade creditors 3,937,943 4,450,940
Corporation tax 158,813 24,361
PAYE & NIC control a/c 117,178 114,694
VAT 497,436 668,848
Other creditors 35,234 33,434
Accruals and deferred income 108,144 25,410
4,854,748 5,317,687

11. PROVISIONS FOR LIABILITIES
31/12/24 31/12/23
as restated
£    £   
Deferred tax 197,407 199,454

Deferred
tax
£   
Balance at 1 January 2024 199,454
Credit to Income Statement during year (4,765 )
Revaluation reserve 2,718
Balance at 31 December 2024 197,407

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: as restated
£    £   
94,500 Ordinary £1 94,500 94,500

Ordinary shares have full voting, dividend and capital return rights including on a winding up and are not redeemable.

E MANTON LIMITED (REGISTERED NUMBER: 00570282)

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


13. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2024 2,465,327 486,090 175,500 3,126,917
Prior year adjustment 110,500 110,500
2,575,827 3,237,417
Profit for the year 444,189 444,189
Property revaluation - (24,818 ) - (24,818 )
At 31 December 2024 3,020,016 461,272 175,500 3,656,788