Manderwood Timber Engineering Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01339715 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Manderwood Timber Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J A S Yeomans

Mr C Tansey

Mrs H Tansey

Mr M A Yeomans

Mrs J Davies

Mr P Chapman

Mr S Mills

SECRETARY:

Mr C Tansey

REGISTERED OFFICE:

Unit 5

Great Honeyborough Industrial Estate

Neyland

Milford Haven

Pembrokeshire

SA73 1SE

REGISTERED NUMBER:

01339715 (England and Wales)

BANKERS:

Barclays Bank Plc

32 High Street

Haverfordwest

Pembrokeshire

SA61 2DA

FIXED ASSETS

Tangible assets

4

194,180

153,350

CURRENT ASSETS

Stocks

203,601

203,086

Debtors

5

399,578

430,025

Cash at bank

148,744

38,343

751,923

671,454

CREDITORS

Amounts falling due within one year

6

710,350

623,112

NET CURRENT ASSETS

41,573

48,342

TOTAL ASSETS LESS CURRENT
LIABILITIES

235,753

201,692

PROVISIONS FOR LIABILITIES

25,752

18,942

NET ASSETS

210,001

182,750

CAPITAL AND RESERVES

Called up share capital

7,501

Capital redemption reserve

7,500

Retained earnings

195,000

167,749

SHAREHOLDERS' FUNDS

210,001

182,750

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.

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 27 November 2025 and were signed on its behalf by:

Mr J A S Yeomans - Director

1.	STATUTORY INFORMATION

Manderwood Timber Engineering 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

Plant and machinery etc

-

Straight line over 10 years, Straight line over 7 years and Straight line over 20 years

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.

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 26 (2024 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Fixtures

land and

Plant and

and

Motor

buildings

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

11,482

724,003

39,574

518,766

1,293,825

Additions

-

50,243

2,713

46,000

98,956

Disposals

-

(643

)

(1,446

)

(29,275

)

(31,364

)

At 31 March 2025

11,482

773,603

40,841

535,491

1,361,417

DEPRECIATION

At 1 April 2024

8,463

670,401

27,215

434,396

1,140,475

Charge for year

648

18,183

3,423

22,482

44,736

Eliminated on disposal

-

(644

)

(1,446

)

(15,884

)

(17,974

)

At 31 March 2025

9,111

687,940

29,192

440,994

1,167,237

NET BOOK VALUE

At 31 March 2025

2,371

85,663

11,649

94,497

194,180

At 31 March 2024

3,019

53,602

12,359

84,370

153,350

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

296,633

314,237

Other debtors

102,720

115,788

Directors' current accounts

225

-

399,578

430,025

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

327,808

319,354

Tax

19,044

26,598

Social security and other taxes

62,214

69,319

Manderwood Investments

250,000

160,000

Other creditors

51,284

47,841

710,350

623,112

7.	OTHER FINANCIAL COMMITMENTS

Financial commitments under non-cancellable operating leases will result in payments falling due in the year to 31st March 2025 of £121,250 (2024 - £121,250).

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr J A S Yeomans

Balance outstanding at start of year

-

Amounts advanced

225

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

225

-

Mr P Chapman

Balance outstanding at start of year

-

5,895

Amounts repaid

-

(5,895

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £46,252 (2024 - £73,700) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J A S Yeomans.