ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

Registered number: 08021737

MANGO-5 MAINTENANCE LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

MANGO-5 MAINTENANCE LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MANGO-5 MAINTENANCE LIMITED
FOR THE PERIOD ENDED 28 FEBRUARY 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Mango-5 Maintenance Limited for the period ended 28 February 2025 which comprise the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Mango-5 Maintenance Limited, as a body, in accordance with the terms of our engagement letter dated 26 March 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Mango-5 Maintenance Limited and state those matters that we have agreed to state to the Board of Directors of Mango-5 Maintenance Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mango-5 Maintenance Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Mango-5 Maintenance Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Mango-5 Maintenance Limited. You consider that Mango-5 Maintenance Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or review of the financial statements of Mango-5 Maintenance Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther LLP

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

3 December 2025

Page 1

MANGO-5 MAINTENANCE LIMITED

REGISTERED NUMBER: 08021737

BALANCE SHEET

AS AT 28 FEBRUARY 2025

		28 February		30 April
		2025		2024
		£		£


Fixed assets		6,464		30,732
Current assets	375,490		787,931
Creditors: amounts falling due within one year	(402,917)		(646,628)
Net current (liabilities)/assets		(27,427)		141,303
Total assets less current liabilities		(20,963)		172,035

Net (liabilities)/assets		(20,963)		172,035


Capital and reserves	(20,963)	172,035

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 December 2025.

Mr D Lee

Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

1.	General information

Mango-5 Maintenance Limited is a private company, limited by shares, registered in England and Wales, registration number 08021737. The registered office is Tyrone House, 1st Floor Haydock Lane, Haydock, St. Helens, England, WA11 9UY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

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 following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on a going concern basis. The company is supported by its parent company, which has confirmed it will provide funding as required.

Page 3

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Income Statement over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Plant and machinery	-	20%
				Motor vehicles	-	20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

2.Accounting policies (continued)

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Change of Accounting Policy

During the year the Company changed its accounting policy for income received in advance. Previously, such amounts were recognised as revenue on receipt. Under the new policy, these amounts are recognised as deferred income within current liabilities and released to revenue when the related goods or services are provided.

Employees

The average monthly number of employees, including the directors, during the period was as follows:

	28 February	30 April
	2025	2024
	No.	No.

Average number of employees	7	7

Page 6

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

4.	Intangible assets

		Goodwill
		£
	Cost
	At 1 May 2024	90,000
	At 28 February 2025	90,000
	Amortisation
	At 1 May 2024	70,000
	Charge for the period on owned assets	20,000
	At 28 February 2025	90,000
	Net book value
	At 28 February 2025	-
	At 30 April 2024	20,000

Page 7

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

5.	Tangible fixed assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost or valuation
At 1 May 2024	10,961	80,764	91,725
Additions	1,690	-	1,690
At 28 February 2025	12,651	80,764	93,415
Depreciation
At 1 May 2024	229	80,764	80,993
Charge for the period on owned assets	5,958	-	5,958
At 28 February 2025	6,187	80,764	86,951
Net book value
At 28 February 2025	6,464	-	6,464
At 30 April 2024	10,732	-	10,732

Debtors

					28 February	30 April
					2025	2024
					£	£


Trade debtors	338,284	414,561
Other debtors	231	8,822
Prepayments and accrued income	33,064	260,950
Corporation Tax Refund	3,985	-
	375,564	684,333

Page 8

MANGO-5 MAINTENANCE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2025

Bank loans	11,270	205,640
Other loans	21,604	26,667
Trade creditors	109,323	269,602
Corporation tax	-	3,962
Other taxation and social security	31,692	50,605
Other creditors	4,138	90,152
Accruals and deferred income	224,890	-
	402,917	646,628

8.	Loan Terms

At the year-end, the Company had the following loan balances:

Bank Loan: £11,270 (2024: £205,640). The loan is provided by a debt factoring company, eCapital Commercial Finance (North) Ltd, and is secured by debtors of the business. The amount of £142,311 was repaid during the financial year, with the remaining amount settled in full after the year-end. The loan account was closed on 30 June 2025.

Other Loan: £21,604 (2024: £26,667). This balance relates to a Bounce Back Loan. The outstanding amount was fully repaid shortly after the year-end on 3 March 2025.

All loans have now been fully settled, and no further obligations remain outstanding.

9.	Controlling party

The Ultimate parent company is Hyperion Equity Partners Holding 1 LTD. There is no controlling party as defined under FRS102

Page 9