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Company Registration No. 07991584 (England and Wales)
Mannings Harlequin Ltd Unaudited accounts for the year ended 30 April 2025
Mannings Harlequin Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
- 2 -
Mannings Harlequin Ltd Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
145,742
169,558
Investments
5
200,000
200,000
345,742
369,558
Current assets
Inventories
18,500
18,500
Debtors
6
857,199
1,128,899
Cash at bank and in hand
490,441
674,610
1,366,140
1,822,009
Creditors: amounts falling due within one year
7
(239,104)
(365,155)
Net current assets
1,127,036
1,456,854
Total assets less current liabilities
1,472,778
1,826,412
Creditors: amounts falling due after more than one year
8
(21,504)
(74,762)
Provisions for liabilities
Deferred tax
(36,435)
(42,389)
Net assets
1,414,839
1,709,261
Capital and reserves
Called up share capital
6
6
Profit and loss account
1,414,833
1,709,255
Shareholders' funds
1,414,839
1,709,261
For the year ending 30 April 2025 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 12 June 2025 and were signed on its behalf by
A W Mannings Director Company Registration No. 07991584
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Mannings Harlequin Ltd Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
Mannings Harlequin Ltd is a private company, limited by shares, registered in England and Wales, registration number 07991584. The registered office is Unit 9, Wellsway Works, Radstock, Somerset, BA3 3RZ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:
Plant & machinery
25% Straight line
Motor vehicles
25% (vans straight line, cars reducing balance)
Computer equipment
33% Straight line
Deferred taxation
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.
Leased assets
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.
Stocks and work in progress
Stocks and work in progress have been valued at the lower of cost and net realisable value. Work in progress represents directly attributable labour and material costs.
- 4 -
Mannings Harlequin Ltd Notes to the Accounts for the year ended 30 April 2025
Pension costs
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.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
340,397
11,899
352,296
Additions
39,766
1,115
40,881
Disposals
(18,840)
-
(18,840)
At 30 April 2025
361,323
13,014
374,337
Depreciation
At 1 May 2024
171,445
11,293
182,738
Charge for the year
64,162
535
64,697
On disposals
(18,840)
-
(18,840)
At 30 April 2025
216,767
11,828
228,595
Net book value
At 30 April 2025
144,556
1,186
145,742
At 30 April 2024
168,952
606
169,558
2025
2024
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
129,432
126,080
5
Investments
Other investments
£
Valuation at 1 May 2024
200,000
Valuation at 30 April 2025
200,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
24,951
21,486
Trade debtors
819,294
1,089,807
Accrued income and prepayments
12,954
17,606
857,199
1,128,899
- 5 -
Mannings Harlequin Ltd Notes to the Accounts for the year ended 30 April 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
86,814
33,366
Trade creditors
58,011
82,069
Taxes and social security
21,240
160,256
Other creditors
2,003
1,902
Loans from directors
1,266
2,682
Accruals
69,770
84,880
239,104
365,155
The hire purchase contracts are secured on the assets concerned.
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
21,504
74,762
The hire purchase contracts are secured on the assets concerned.
9
Average number of employees
During the year the average number of employees was 20 (2024: 20).
- 6 -