Company Registration No. 09918551 (England and Wales)
Man Developments Limited
Unaudited accounts
for the year ended 31 December 2024
Man Developments Limited
Unaudited accounts
Contents
Man Developments Limited
Company Information
for the year ended 31 December 2024
Directors
Mark Hough
Andrew Frear
Company Number
09918551 (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 Developments Limited
Statement of financial position
as at 31 December 2024
Inventories
392,486
1,050,114
Cash at bank and in hand
174,805
64,821
Creditors: amounts falling due within one year
(394,471)
(630,158)
Net current assets
421,286
712,243
Net assets
421,286
712,243
Called up share capital
2
2
Revaluation reserve
(13,485)
-
Profit and loss account
434,769
712,241
Shareholders' funds
421,286
712,243
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 30 September 2025 and were signed on its behalf by
Andrew Frear
Director
Company Registration No. 09918551
Man Developments Limited
Notes to the Accounts
for the year ended 31 December 2024
Man Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 09918551. 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.
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.
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
248,463
227,463
Man Developments Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
220,000
Taxes and social security
-
25,674
Other creditors
374,471
375,522
6
Transactions with related parties
During the year the Company operated a loan with MAN Construction Limited, a company under common control. The amount payable to MAN Construction Limited at the year end was £374,471 (2023 - £375,522). This loan is interest free and repayable on demand.
During the year the Company operated a loan with Woodditton One LLP, a company under common control. The amount payable by Woodditton One LLP at the year end was £ 248,463 (2023 - £227,463). This loan is interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).