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No description of principal activity
2024-01-01
Sage Accounts Production Advanced 2024 - FRS102_2024
75,566
75,566
75,566
xbrli:pure
xbrli:shares
iso4217:GBP
01154636
2024-01-01
2024-12-31
01154636
2024-12-31
01154636
2023-12-31
01154636
2023-01-01
2023-12-31
01154636
2023-12-31
01154636
2022-12-31
01154636
core:FurnitureFittings
2024-01-01
2024-12-31
01154636
bus:RegisteredOffice
2024-01-01
2024-12-31
01154636
bus:LeadAgentIfApplicable
2024-01-01
2024-12-31
01154636
bus:Director1
2024-01-01
2024-12-31
01154636
bus:Director3
2024-01-01
2024-12-31
01154636
core:FurnitureFittings
2023-12-31
01154636
core:FurnitureFittings
2024-12-31
01154636
core:WithinOneYear
2024-12-31
01154636
core:WithinOneYear
2023-12-31
01154636
core:ShareCapital
2024-12-31
01154636
core:ShareCapital
2023-12-31
01154636
core:RetainedEarningsAccumulatedLosses
2024-12-31
01154636
core:RetainedEarningsAccumulatedLosses
2023-12-31
01154636
core:CostValuation
core:Non-currentFinancialInstruments
2024-12-31
01154636
core:Non-currentFinancialInstruments
2024-12-31
01154636
core:Non-currentFinancialInstruments
2023-12-31
01154636
core:FurnitureFittings
2023-12-31
01154636
bus:SmallEntities
2024-01-01
2024-12-31
01154636
bus:AuditExemptWithAccountantsReport
2024-01-01
2024-12-31
01154636
bus:SmallCompaniesRegimeForAccounts
2024-01-01
2024-12-31
01154636
bus:PrivateLimitedCompanyLtd
2024-01-01
2024-12-31
01154636
bus:FullAccounts
2024-01-01
2024-12-31
01154636
core:ComputerEquipment
2024-01-01
2024-12-31
01154636
core:ComputerEquipment
2023-12-31
01154636
core:ComputerEquipment
2024-12-31
01154636
1
2024-01-01
2024-12-31
COMPANY REGISTRATION NUMBER:
01154636
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2024
Officers and professional advisers |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
OFFICERS AND PROFESSIONAL ADVISERS |
|
The board of directors |
A N Richardson |
|
K L Richardson |
|
|
Registered office |
Marine House |
|
High Street |
|
Waddington |
|
Lincoln |
|
Lincolnshire |
|
LN5 9RF |
|
|
Accountants |
Streets LLP |
|
Chartered Accountants |
|
Tower House |
|
Lucy Tower Street |
|
Lincoln |
|
Lincolnshire |
|
LN1 1XW |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 December 2024
Fixed assets
Tangible assets |
5 |
|
7,593 |
9,613 |
Investments |
6 |
|
75,566 |
75,566 |
|
|
--------- |
--------- |
|
|
83,159 |
85,179 |
|
|
|
|
|
Current assets
Debtors |
7 |
331,077 |
|
427,122 |
Cash at bank and in hand |
563,234 |
|
401,547 |
|
----------- |
|
----------- |
|
894,311 |
|
828,669 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
430,296 |
|
396,357 |
|
----------- |
|
----------- |
Net current assets |
|
464,015 |
432,312 |
|
|
----------- |
----------- |
Total assets less current liabilities |
|
547,174 |
517,491 |
|
|
|
|
|
Provisions
Taxation including deferred tax |
|
1,898 |
1,826 |
|
|
----------- |
----------- |
Net assets |
|
545,276 |
515,665 |
|
|
----------- |
----------- |
|
|
|
|
STATEMENT OF FINANCIAL POSITION (continued) |
|
31 December 2024
Capital and reserves
Called up share capital |
|
2,000 |
2,000 |
Profit and loss account |
|
543,276 |
513,665 |
|
|
----------- |
----------- |
Shareholders funds |
|
545,276 |
515,665 |
|
|
----------- |
----------- |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
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 Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
19 June 2025
, and are signed on behalf of the board by:
Company registration number:
01154636
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Marine House, High Street, Waddington, Lincoln, Lincolnshire, LN5 9RF.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The directors make estimates and assumptions about the future. These estimates and assumptions impact recognised assets and liabilities, as well as revenue and expenses and other disclosures. These estimates are based on historical experience and on various assumptions considered reasonable under the prevailing conditions. The actual outcome may diverge from these estimates if other assumptions are made, or other conditions arise. The estimates and assumptions that may have a significant effect on the carrying amounts of assets and liabilities within financial year include: Tangible fixed assets are recognised at cost or valuation, less accumulated depreciation and any impairments. Depreciation takes place over the estimated useful life, down to the assessed residual value. The carrying amount of the company's fixed assets is tested as soon as changed conditions show that a need for impairment has arisen. The carrying value of stock and associated provisioning is considered on a regular basis. When calculating the stock provision, the directors consider the age and turnover of stock items. The recoverability of trade debtors and associated provisioning is considered on a regular basis. When calculating the debtor provision, the directors consider the age of the debts and the financial position of its customers.
Revenue recognition
The turnover shown in the profit and loss account represents the value of all goods sold during the period, less returns received, at selling price exclusive of Value Added Tax. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer. Turnover attributable to geographical markets outside the UK amounted to 96% for the year (2023 - 96%).
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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 the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
33% straight line |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2023:
5
).
5.
Tangible assets
|
Fixtures and fittings |
Equipment |
Total |
|
£ |
£ |
£ |
Cost |
|
|
|
At 1 January 2024 |
2,253 |
99,649 |
101,902 |
Additions |
– |
535 |
535 |
|
-------- |
----------- |
----------- |
At 31 December 2024 |
2,253 |
100,184 |
102,437 |
|
-------- |
----------- |
----------- |
Depreciation |
|
|
|
At 1 January 2024 |
1,999 |
90,290 |
92,289 |
Charge for the year |
84 |
2,471 |
2,555 |
|
-------- |
----------- |
----------- |
At 31 December 2024 |
2,083 |
92,761 |
94,844 |
|
-------- |
----------- |
----------- |
Carrying amount |
|
|
|
At 31 December 2024 |
170 |
7,423 |
7,593 |
|
-------- |
----------- |
----------- |
At 31 December 2023 |
254 |
9,359 |
9,613 |
|
-------- |
----------- |
----------- |
|
|
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 January 2024 and 31 December 2024 |
75,566 |
|
--------- |
Impairment |
|
At 1 January 2024 and 31 December 2024 |
– |
|
--------- |
|
|
Carrying amount |
|
At 31 December 2024 |
75,566 |
|
--------- |
At 31 December 2023 |
75,566 |
|
--------- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
136,691 |
198,296 |
Other debtors |
194,386 |
228,826 |
|
----------- |
----------- |
|
331,077 |
427,122 |
|
----------- |
----------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
248,343 |
289,365 |
Corporation tax |
24,386 |
6,212 |
Social security and other taxes |
83 |
449 |
Other creditors |
157,484 |
100,331 |
|
----------- |
----------- |
|
430,296 |
396,357 |
|
----------- |
----------- |
|
|
|
9.
Related party transactions
A N Richardson
, a director and shareholder in Mampro Limited, is also the sole director and shareholder in Resilienti (Rossington) Limited and Kat-Oli Limited. These companies are registered in England and Wales, numbers 07903968 and 08260860. At the beginning of the year the company was owed £161,061 from Resilienti (Rossington) Limited. Interest is charged on this balance at 2% per annum. The balance still outstanding as at the year end is £127,132. The term of this loan is 5 years and will conclude in July 2028. At the beginning of the year the company was owed £60,000 from Kat-Oli Limited. There is no interest charged on this balance. The balance still outstanding as at the year end is £60,000. No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
10.
Controlling party
The company was under the control of the directors throughout the current year.