Manifest Construction Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

Manifest Construction Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11265885 . The registered office and principal place of business is Unit 2 The Gate Centre , Bredbury Park Industrial Estate, Bredbury, Stockport, SK6 2SN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of consideration received or receivable for work performed on domestic buildings, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

Turnover represents income earned from the company’s activities as a construction company. Turnover is recognised when the company satisfies its performance obligations by providing the agreed services.

Turnover 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 turnover 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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance
Computer Equipment	25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Page 3

Page 4

Manifest Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Leasing and Hire Purchase Contracts

Assets held under hire purchase or finance lease agreements are capitalised and disclosed under tangible fixed

assets at their fair value. The capital element of the future payments is treated as a liability and the interest is

charged to the profit and loss account on a straight-line basis.

Assets that are held by the Company under leases which transfer to the Company substantially all the risks and

rewards of ownership are classified as being held under finance leases. Leases which do not transfer substantially

all the risks and rewards of ownership to the company are classified as operating leases.

Operating lease payments are recognised as an expense on straight-line basis over the lease term, except where

another systematic basis is more representative of the time pattern in which economic benefits from the leased

asset are consumed. Contingent rentals arising under operating leases are recognised as an expense in the period

in which they are incurred.

In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a

liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis,

except where another systematic basis is more representative of the time pattern in which economic benefits from

the leased asset are consumed.

2.6. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell and is based on

the first-in-first-out principle.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.8. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.9. Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

2.10. Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Page 4

Page 5

Manifest Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.11. Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand. Bank borrowings are included in creditors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2025: 4)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	10,000

As at 31 March 2026	10,000

Amortisation
As at 1 April 2025	7,000
Provided during the period	1,000

As at 31 March 2026	8,000

Net Book Value
As at 31 March 2026	2,000

As at 1 April 2025	3,000

5. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	99,110	9,060	108,170
Additions	-	1,007	1,007
Disposals	-	(5,672 )	(5,672 )

As at 31 March 2026	99,110	4,395	103,505

Depreciation
As at 1 April 2025	63,075	7,409	70,484
Provided during the period	9,009	745	9,754
Disposals	-	(5,672 )	(5,672 )

As at 31 March 2026	72,084	2,482	74,566

Net Book Value
As at 31 March 2026	27,026	1,913	28,939

As at 1 April 2025	36,035	1,651	37,686

6. Stocks

	2026	2025
	£	£
Stock	10,000	15,000

Page 5

Page 6

Manifest Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	63,823	5,000
Other debtors	81,743	78,538

	145,566	83,538

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	990	3,049
Trade creditors	12,595	13,300
Bank loans and overdrafts	4,636	4,521
Other creditors	86,413	78,883
Taxation and social security	66,826	20,196

	171,460	119,949

Included within other creditors is a loan owing to the Director of £51,464 (2025: £47,320); this loan is interest free and repayable on demand.

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	-	1,025
Bank loans	16,243	20,878

	16,243	21,903

10. Secured Creditors

Of the creditors the following amounts are secured.

	2026		2025
	£		£
Other Creditors	990		4,074

11. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	990	3,049
Later than one year and not later than five years	-	1,025

	990	4,074

	990	4,074

Page 6

Page 7

Manifest Construction Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

13. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	15,500	-
Later than one year and not later than five years	62,000	-

	77,500	-

14. Related Party Transactions

At the reporting date, the company was owed £67,779 (2025: £66,462) from a company under common control; this loan is interest free and repayable on demand.

15. Ultimate Controlling Party

The company's ultimate controlling party is Mr A Shingleton by virtue of his ownership of 100% of the issued share capital in the company.

Page 7

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,000		3,000
Tangible Assets	5		28,939		37,686

			30,939		40,686
CURRENT ASSETS
Stocks	6	10,000		15,000
Debtors	7	145,566		83,538
Cash at bank and in hand		147,667		66,462

		303,233		165,000
Creditors: Amounts Falling Due Within One Year	8	(171,460 )		(119,949 )

NET CURRENT ASSETS (LIABILITIES)			131,773		45,051

TOTAL ASSETS LESS CURRENT LIABILITIES			162,712		85,737

Creditors: Amounts Falling Due After More Than One Year	9		(16,243 )		(21,903 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(7,235 )		-

NET ASSETS			139,234		63,834

CAPITAL AND RESERVES
Called up share capital	12		1		1
Profit and Loss Account			139,233		63,833

SHAREHOLDERS' FUNDS			139,234		63,834