Registered number
08684193
Mancey Interiors & Soft Furnishings Ltd
Filleted Accounts
31 March 2025
Mancey Interiors & Soft Furnishings Ltd
Registered number: 08684193
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 5,873 7,341
Current assets
Stocks 500 500
Debtors 4 1,200 812
Cash at bank and in hand 29,459 21,212
31,159 22,524
Creditors: amounts falling due within one year 5 (32,592) (29,920)
Net current liabilities (1,433) (7,396)
Total assets less current liabilities 4,440 (55)
Creditors: amounts falling due after more than one year 6 (1,922) (5,979)
Net assets/(liabilities) 2,518 (6,034)
Capital and reserves
Called up share capital 5 5
Profit and loss account 2,513 (6,039)
Shareholders' funds 2,518 (6,034)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N J Mancey
Director
Approved by the board on 31 July 2025
Mancey Interiors & Soft Furnishings Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% of NBV
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Furniture & Equipment
£
Cost
At 1 April 2024 26,100
At 31 March 2025 26,100
Depreciation
At 1 April 2024 18,759
Charge for the year 1,468
At 31 March 2025 20,227
Net book value
At 31 March 2025 5,873
At 31 March 2024 7,341
4 Debtors 2025 2024
£ £
Trade debtors 1,200 812
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 4,515 6,325
Taxation and social security costs 1,890 451
Other creditors 22,187 19,144
32,592 29,920
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 1,922 5,979
7 Other information
Mancey Interiors & Soft Furnishings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Hamblin Meadow
Eddington
Hungerford
Berkshire
RG17 0HD
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