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REGISTERED NUMBER: 01413018 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Mana Innovation Group Limited

Mana Innovation Group Limited (Registered number: 01413018)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Mana Innovation Group Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: R N Ford
D Hamilton
D J Orrow
A Cutting
A R Cutler





SECRETARY: A Cutting





REGISTERED OFFICE: Unit 45 Woolmer Way Industrial Estate
Bordon
Hampshire
GU35 9QE





REGISTERED NUMBER: 01413018 (England and Wales)





ACCOUNTANTS: Tropman & Co Limited
39 Station Road
Liphook
Hampshire
GU30 7DW

Mana Innovation Group Limited (Registered number: 01413018)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 39,526 46,113
Tangible assets 5 130,556 105,660
Investments 6 358,649 1
528,731 151,774

CURRENT ASSETS
Stocks 856,121 519,715
Debtors 7 666,508 780,531
Cash at bank and in hand 462,363 843,565
1,984,992 2,143,811
CREDITORS
Amounts falling due within one year 8 839,342 749,214
NET CURRENT ASSETS 1,145,650 1,394,597
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,674,381

1,546,371

PROVISIONS FOR LIABILITIES 9 41,973 28,329
NET ASSETS 1,632,408 1,518,042

CAPITAL AND RESERVES
Called up share capital 10 106 106
Share premium 149,968 149,968
Capital redemption reserve 59 59
Share option reserve 15,080 14,847
Retained earnings 1,467,195 1,353,062
SHAREHOLDERS' FUNDS 1,632,408 1,518,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Mana Innovation Group Limited (Registered number: 01413018)

Balance Sheet - continued
31 March 2025


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





A Cutting - Director


Mana Innovation Group Limited (Registered number: 01413018)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Mana Innovation Group 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & equipment - 15% on cost
Fixtures and fittings - 25% on cost and 15% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Mana Innovation Group Limited (Registered number: 01413018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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

The average number of employees during the year was 28 (2024 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2024
and 31 March 2025 65,876
AMORTISATION
At 1 April 2024 19,763
Charge for year 6,587
At 31 March 2025 26,350
NET BOOK VALUE
At 31 March 2025 39,526
At 31 March 2024 46,113

Mana Innovation Group Limited (Registered number: 01413018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 74,855 184,560 67,062 326,477
Additions 20,775 24,655 9,355 54,785
At 31 March 2025 95,630 209,215 76,417 381,262
DEPRECIATION
At 1 April 2024 50,010 131,980 38,827 220,817
Charge for year 8,591 14,239 7,059 29,889
At 31 March 2025 58,601 146,219 45,886 250,706
NET BOOK VALUE
At 31 March 2025 37,029 62,996 30,531 130,556
At 31 March 2024 24,845 52,580 28,235 105,660

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2024 1
Additions 358,648
At 31 March 2025 358,649
NET BOOK VALUE
At 31 March 2025 358,649
At 31 March 2024 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Enigma Lighting Limited
Registered office: United Kingdom
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Into Lighting Limited
Registered office: United Kingdom
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

Mana Innovation Group Limited (Registered number: 01413018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. FIXED ASSET INVESTMENTS - continued

Sera Technologies Limited
Registered office: United Kingdom
Nature of business: Lighting supplies
%
Class of shares: holding
Ordinary 100.00
31.3.25 29.2.24
£    £   
Aggregate capital and reserves 124,453 70,133
Profit for the period/year 106,503 43,559

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 396,718 566,341
Other debtors 269,790 214,190
666,508 780,531

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 334,438 347,270
Taxation and social security 200,949 137,921
Other creditors 303,955 264,023
839,342 749,214

9. PROVISIONS FOR LIABILITIES
31.3.25 31.3.24
£    £   
Deferred tax 41,973 28,329

Deferred
tax
£   
Balance at 1 April 2024 28,329
Provided during year 13,644
Balance at 31 March 2025 41,973

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
10,600 Ordinary 0.01 106 106

11. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

The company's banking facility is secured by a legal charge over the company's assets.

Mana Innovation Group Limited (Registered number: 01413018)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

12. RELATED PARTY DISCLOSURES

During the year the company paid rent to Into Lighting Retirement Benefit Scheme, a company under common directorship and trusteeship of £78,500 (2024 - £78,500).

The company directors, Mr A Cuttting and Mr A Cutler, are also directors of Sera Technologies Limited. During the year the company purchased 100% of the share capital in Sera Technologies Limited. The purchase is shown under Fixed Asset Investments in the balance sheet. Subsequent to the purchase inter-company transactions have taken place and at the year end £61,212 was owed to Sera Technologies LImited. This amount is included in the accounts under other creditors.

13. EMPLOYEE MANAGEMENT INCENTIVE SHARE OPTION SCHEME


During the year ended 31st March 2020 the company granted options under an employee management incentive share option scheme. Options are exercisable anytime after the grant date. Options remaining unexercised after a period of 10 years from the date of the grant expire. Share options are forfeited if the employee leaves the company before the options are exercised.


Number of share
options

Weighted average
exercise price
2025 2024 2025 2024
Number Number £    £   

Outstanding at 1 April 2024 2,121 2,121 18.97 18.97
Granted 0 0 0 0
Forfeited 0 0 0 0
Outstanding at 31March 2025 2,121 2,121 18.97 18.97

Exercisable at 31 March 2025 2,121 2,121 18.97 18.97


The options outstanding at 31st March 2025 had an exercise price of £18.9690 and a remaining contractual life of 4.2 years.

The fair value of the options granted have been measured using the Black-Scholes option pricing model using the following assumptions:

Inputs were as follows:

As at 31/03/2025

Weighted average share price 18.97
Weighted average exercise price 18.97
Expected volatility 65.82
Expected life 4.2
Risk free rate 4.5


Movement on Reserves
The movement on the fair value of the options granted was £233 which has been reflected in the profit and loss account for the year. The fair value as at 31st March 2025 is shown under the share option reserve in the balance sheet.