Company registration number 00532687 (England and Wales)
R. MANNERS & SONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
R. MANNERS & SONS LIMITED
COMPANY INFORMATION
Directors
Mr AJ Manners
Mr IC Manners
Mrs JM Manners
Secretary
Mrs JM Manners
Company number
00532687
Registered office
Meadowfield Industrial Estate
Ponteland
Newcastle upon Tyne
Tyne and Wear
NE20 9SF
Auditor
Robson Laidler Accountants Limited
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
R. MANNERS & SONS LIMITED
CONTENTS
Page
Strategic report
1
Directors' report
2 - 3
Independent auditor's report
4 - 6
Statement of comprehensive income
7
Balance sheet
8
Statement of changes in equity
9
Notes to the financial statements
10 - 17
R. MANNERS & SONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The directors present the strategic report for the year ended 31 March 2025.

Review of the business

The directors are happy to report another successful year for the company. Sales have decreased from £15.2 million to £14.6 million, with gross profit percentage remaining consistent c.17% across both years. Pre-tax profit rising from £563k to £547k.

 

The policy of widening the customer base continues with the directors constantly looking for new business partners to ensure the levels of company business are secured. The directors continue to follow their strategy of investing in the business and working on improving their workforce and looking to apply the highest industry standards to the food products they deal with, this is evidenced by continually meeting the audit standards set by a demanding customer base and regulatory framework.

 

Pressure on the margins are evident in the financial results and in part outside of the directors control given the need to source top quality product for which the market supply and demand dictates price fluctuations, which are not always able to be passed on. The increases in wages, fuel and other such costs have also had an impact on the overall margin. This is expected to continue into the 2026 financial year.

Principal risks and uncertainties

Principal risks are that the business at regular intervals needs to retender for its work with its major customers, historically this has been successfully negotiated but remains a risk the company has to regularly deal with.

 

The Company continues to maintain its standards in regard to environmental issues and dealing with its workforce in an open and rewarding way.

 

The business has again maintained its prudent view of ensuring profits earned are retained within the business allowing the necessary investment to be made in the operating assets ensuring state of the art processes are applied to the manufacturing process.

 

The directors intend to follow the above strategy going forward and with the working partnerships it has developed with its major customers it is looking forward to a profitable year although expectations are maintaining profits at historic levels will become more challenging going forward.

On behalf of the board

Mr AJ Manners
Director
4 July 2025
R. MANNERS & SONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The directors present their annual report and financial statements for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of wholesale and retail butchers.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £89,570. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

Mr AJ Manners
Mr IC Manners
Mrs JM Manners
Auditor

In accordance with the company's articles, a resolution proposing that Robson Laidler Accountants Limited be reappointed as auditor of the company will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report 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:

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.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

R. MANNERS & SONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
On behalf of the board
Mr AJ Manners
Director
4 July 2025
R. MANNERS & SONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF R. MANNERS & SONS LIMITED
- 4 -
Opinion

We have audited the financial statements of R. Manners & Sons Limited (the 'company') for the year ended 31 March 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity and notes to the financial statements, including 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:

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 Auditor's 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.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. 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. 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 course of 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.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

R. MANNERS & SONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF R. MANNERS & SONS LIMITED (CONTINUED)
- 5 -
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 directors' report.

 

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of directors

As explained more fully in the directors' responsibilities statement, 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 is 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.

Auditor's 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 an auditor's report 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:

 

Based on our understanding of the company, we identified that there were no laws and regulations central to the company's operations. We also considered those laws and regulations that have a direct impact on the financial statements of the company such as the Companies Act 2006 and UK tax legislation.

 

Audit procedures performed by the engagement team included:

 

Discussions with directors and key management including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;

 

Evaluation and testing of the operating effectiveness of management's controls designed to prevent and detect irregularities;

 

Identifying and testing journal entries based on risk criteria;

 

Testing transactions entered into outside of the company's normal course of business.

 

There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements, the less likely we would become aware of it. Also the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

R. MANNERS & SONS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBER OF R. MANNERS & SONS LIMITED (CONTINUED)
- 6 -

Use of our report

This report is made solely to the company's member 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 member those matters we are required to state to the member in an auditor's report 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 member, for our audit work, for this report, or for the opinions we have formed.

Michael T Moran BA FCA (Senior Statutory Auditor)
For and on behalf of Robson Laidler Accountants Limited, Statutory Auditor
Accountants
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
15 July 2025
R. MANNERS & SONS LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
Turnover
3
14,603,554
15,215,392
Cost of sales
(12,140,827)
(12,652,433)
Gross profit
2,462,727
2,562,959
Administrative expenses
(2,002,648)
(2,027,907)
Operating profit
4
460,079
535,052
Interest receivable and similar income
86,726
27,509
Profit before taxation
546,805
562,561
Tax on profit
7
(136,576)
(140,640)
Profit for the financial year
410,229
421,921

The profit and loss account has been prepared on the basis that all operations are continuing operations.

R. MANNERS & SONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 8 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
9
345,656
305,103
Current assets
Stocks
10
1,472,137
2,084,392
Debtors
11
6,885,782
5,689,585
Cash at bank and in hand
2,668,756
1,927,770
11,026,675
9,701,747
Creditors: amounts falling due within one year
12
(3,713,747)
(2,679,063)
Net current assets
7,312,928
7,022,684
Total assets less current liabilities
7,658,584
7,327,787
Provisions for liabilities
Deferred tax liability
13
73,358
63,220
(73,358)
(63,220)
Net assets
7,585,226
7,264,567
Capital and reserves
Called up share capital
15
1,798
1,798
Capital redemption reserve
6,821
6,821
Profit and loss reserves
7,576,607
7,255,948
Total equity
7,585,226
7,264,567

These financial statements have been prepared in accordance with the provisions relating to medium-sized companies.

The financial statements were approved by the board of directors and authorised for issue on 4 July 2025 and are signed on its behalf by:
Mr AJ Manners
Director
Company registration number 00532687 (England and Wales)
R. MANNERS & SONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
1,798
6,821
6,923,327
6,931,946
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
421,921
421,921
Dividends
8
-
-
(89,300)
(89,300)
Balance at 31 March 2024
1,798
6,821
7,255,948
7,264,567
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
410,229
410,229
Dividends
8
-
-
(89,570)
(89,570)
Balance at 31 March 2025
1,798
6,821
7,576,607
7,585,226
R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
1
Accounting policies
Company information

R. Manners & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Meadowfield Industrial Estate, Ponteland, Newcastle upon Tyne, Tyne and Wear, NE20 9SF.

1.1
Accounting convention

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.

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.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

 

 

The financial statements of the company are consolidated in the financial statements of A.J. Manners Property Company Limited. These consolidated financial statements are available from its registered office, Meadowfield Industrial Estate, Ponteland, Newcastle Upon Tyne, Tyne and Wear, NE20 9SF.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover 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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 11 -

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:

Plant and equipment
20% on cost
Motor vehicles
33% on reducing balance

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
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments
Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 12 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

 

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value through profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.9
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 profit and loss account 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.

 

R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 13 -
1.10
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

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sale of meat products
14,603,554
15,215,392
2025
2024
£
£
Other revenue
Interest income
86,726
27,509
4
Operating profit
2025
2024
Operating profit for the year is stated after charging/(crediting):
£
£
Fees payable to the company's auditor for the audit of the company's financial statements
18,376
9,234
Depreciation of owned tangible fixed assets
117,780
122,451
Profit on disposal of tangible fixed assets
(5,064)
(20,464)
5
Employees

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

2025
2024
Number
Number
Office and management
8
8
Manufacturing and trading
38
39
Total
46
47
R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Employees
(Continued)
- 14 -

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
1,953,933
1,949,030
Social security costs
205,516
204,015
Pension costs
90,915
88,679
2,250,364
2,241,724
6
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
712,417
812,074
Company pension contributions to defined contribution schemes
70,000
70,000
782,417
882,074

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 2).

Remuneration disclosed above include the following amounts paid to the highest paid director:
2025
2024
£
£
Remuneration for qualifying services
609,323
708,759
Company pension contributions to defined contribution schemes
10,000
10,000
7
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
126,438
129,047
Deferred tax
Origination and reversal of timing differences
10,138
11,593
Total tax charge
136,576
140,640
R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
Taxation
(Continued)
- 15 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
546,805
562,561
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
136,701
140,640
Permanent capital allowances in excess of depreciation
(8,997)
(6,477)
Deferred tax movement
10,138
11,593
Profit or loss on disposal
(1,266)
(5,116)
Taxation charge for the year
136,576
140,640
8
Dividends
2025
2024
£
£
Interim paid
89,570
89,300
9
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2024
210,870
357,559
568,429
Additions
126,929
38,840
165,769
Disposals
-
0
(29,140)
(29,140)
At 31 March 2025
337,799
367,259
705,058
Depreciation and impairment
At 1 April 2024
103,869
159,457
263,326
Depreciation charged in the year
56,045
61,735
117,780
Eliminated in respect of disposals
-
0
(21,704)
(21,704)
At 31 March 2025
159,914
199,488
359,402
Carrying amount
At 31 March 2025
177,885
167,771
345,656
At 31 March 2024
107,001
198,102
305,103
R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 16 -
10
Stocks
2025
2024
£
£
Raw materials and consumables
1,452,869
2,067,467
Finished goods and goods for resale
19,268
16,925
1,472,137
2,084,392
11
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,984,260
2,776,800
Amounts owed by group undertakings
2,839,433
2,840,414
Other debtors
25,978
24,509
Prepayments and accrued income
36,111
47,862
6,885,782
5,689,585
12
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
1,084,611
1,118,601
Corporation tax
126,500
129,072
Other taxation and social security
23,590
20,072
Other creditors
44,208
33,857
Accruals and deferred income
2,434,838
1,377,461
3,713,747
2,679,063
13
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
73,358
63,220
R. MANNERS & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13
Deferred taxation
(Continued)
- 17 -
2025
Movements in the year:
£
Liability at 1 April 2024
63,220
Charge to profit or loss
10,138
Liability at 31 March 2025
73,358
14
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
90,915
88,679

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

15
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,798
1,798
1,798
1,798
16
Related party transactions
Transactions with related parties

The company has undertaken to supply products under contract to customers of the NCB Foodservice Limited, a company in which A J Manners is also a director.

Sales
Sales
2025
2024
£
£
NCB Foodservice Limited
511,125
565,486

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due from related parties
£
£
NCB Foodservice Limited
62,356
61,377
17
Ultimate controlling party

The ultimate controlling party is A.J. Manners Property Company Limited.

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