Company Registration No. 09290165 (England and Wales)
Man Construction Limited
Unaudited accounts
for the year ended 31 December 2024
Man Construction Limited
Unaudited accounts
Contents
Man Construction Limited
Company Information
for the year ended 31 December 2024
Directors
Andrew Frear
Mark Hough
Company Number
09290165 (England and Wales)
Registered Office
Unit 27 Station Hill
Bury St. Edmunds
IP313QU
England
Accountants
ABBEYGATE ACCOUNTANCY LTD
UNIT 27 STATION HILL
THURSTON
BURY ST. EDMUNDS
ENGLAND
IP31 3QU
Man Construction Limited
Statement of financial position
as at 31 December 2024
Tangible assets
59,379
77,277
Cash at bank and in hand
98,232
36,595
Creditors: amounts falling due within one year
(347,183)
(348,992)
Net current assets
166,843
195,157
Total assets less current liabilities
226,222
272,434
Creditors: amounts falling due after more than one year
(4,477)
(20,328)
Provisions for liabilities
Deferred tax
(11,282)
(13,852)
Net assets
210,463
238,254
Called up share capital
70
70
Profit and loss account
210,393
238,184
Shareholders' funds
210,463
238,254
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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by
Andrew Frear
Director
Company Registration No. 09290165
Man Construction Limited
Notes to the Accounts
for the year ended 31 December 2024
Man Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 09290165. The registered office is Unit 27 Station Hill, Bury St. Edmunds, IP313QU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these
accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the
Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS
102 have been applied other than where additional disclosure is required to show a true and fair view.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting
estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Man Construction Limited
Notes to the Accounts
for the year ended 31 December 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
62,057
146,337
19,193
227,587
At 31 December 2024
62,057
146,337
20,942
229,336
At 1 January 2024
39,889
97,981
12,440
150,310
Charge for the year
5,542
12,089
2,016
19,647
At 31 December 2024
45,431
110,070
14,456
169,957
At 31 December 2024
16,626
36,267
6,486
59,379
At 31 December 2023
22,168
48,356
6,753
77,277
Amounts falling due within one year
Trade debtors
31,923
52,346
Other debtors
374,471
376,499
Amounts falling due after more than one year
Accrued income and prepayments
9,400
9,598
Man Construction Limited
Notes to the Accounts
for the year ended 31 December 2024
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,298
10,149
Obligations under finance leases and hire purchase contracts
5,575
12,100
Trade creditors
170,496
128,025
Taxes and social security
25,422
11,618
Other creditors
146,935
126,352
Loans from directors
1,311
27,679
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
5,575
Allotted, called up and fully paid:
70 Ordinary shares of £1 each
70
70
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director loan account
(3,005)
35,000
30,684
1,311
Director loan account
30,684
(30,684)
-
-
27,679
4,316
30,684
1,311
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Transactions with related parties
During the year the company operated a loan with MAN developments limited, a company under common control. The amount due from MAN Developments Limited at the year end was £3,74,471 (2023- £3,75,522). This loan is interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 10 (2023: 10).