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Registered number: 05863645
Manav (UK) Limited
Financial Statements
For the Period 1 July 2023 to 30 October 2024
Khokhar McAdam Ltd
Chartered Accountants
1 Eagle Street
Glasgow
G4 9XA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05863645
30 October 2024 30 June 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 81,067 81,067
Tangible Assets 5 26,663 508,131
107,730 589,198
CURRENT ASSETS
Stocks 6 223,789 340,000
Debtors 7 2,107,787 1,167,950
Cash at bank and in hand 31,640 114,729
2,363,216 1,622,679
Creditors: Amounts Falling Due Within One Year 8 (219,080 ) (252,198 )
NET CURRENT ASSETS (LIABILITIES) 2,144,136 1,370,481
TOTAL ASSETS LESS CURRENT LIABILITIES 2,251,866 1,959,679
PROVISIONS FOR LIABILITIES
Deferred Taxation (24,341 ) (19,229 )
NET ASSETS 2,227,525 1,940,450
CAPITAL AND RESERVES
Called up share capital 9 4 2
Profit and Loss Account 2,227,521 1,940,448
SHAREHOLDERS' FUNDS 2,227,525 1,940,450
Page 1
Page 2
For the period ending 30 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dildar Singh Gold
Director
2 September 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Manav (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05863645 . The registered office is Unit B1 Taffsmead Road, Treforest Ind Est, Pontypridd, Mid Glamorgan, CF37 5TF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold -
Leasehold -
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 15% on reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
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2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 7 (2023: 8)
7 8
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2023 81,067
As at 30 October 2024 81,067
Net Book Value
As at 30 October 2024 81,067
As at 1 July 2023 81,067
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5. Tangible Assets
Land & Property
Leasehold Investment Properties Plant & Machinery Fixtures & Fittings
£ £ £ £
Cost
As at 1 July 2023 15,173 474,525 97,161 47,280
Disposals - (474,525 ) - -
As at 30 October 2024 15,173 - 97,161 47,280
Depreciation
As at 1 July 2023 15,173 - 71,847 42,319
Provided during the period - - 5,063 992
As at 30 October 2024 15,173 - 76,910 43,311
Net Book Value
As at 30 October 2024 - - 20,251 3,969
As at 1 July 2023 - 474,525 25,314 4,961
Computer Equipment Total
£ £
Cost
As at 1 July 2023 5,957 640,096
Disposals - (474,525 )
As at 30 October 2024 5,957 165,571
Depreciation
As at 1 July 2023 2,626 131,965
Provided during the period 888 6,943
As at 30 October 2024 3,514 138,908
Net Book Value
As at 30 October 2024 2,443 26,663
As at 1 July 2023 3,331 508,131
6. Stocks
30 October 2024 30 June 2023
£ £
Finished goods 223,789 340,000
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7. Debtors
30 October 2024 30 June 2023
£ £
Due within one year
Trade debtors 205,097 47,985
Other debtors 7,252 323,000
212,349 370,985
Due after more than one year
Amounts owed by group undertakings 1,895,438 796,965
2,107,787 1,167,950
8. Creditors: Amounts Falling Due Within One Year
30 October 2024 30 June 2023
£ £
Trade creditors 71,785 148,694
Bank loans and overdrafts 271 -
Other creditors 1,467 5,943
Taxation and social security 145,557 97,561
219,080 252,198
9. Share Capital
30 October 2024 30 June 2023
£ £
Allotted, Called up and fully paid 4 2
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