REGISTERED NUMBER: 03658897 (England and Wales)

Financial Statements for the Year Ended 31st October 2025

for

Mantair Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A J Skilling

Mr K Skilling

Mr J Skilling

Mr M Skilling

Mrs S P Skilling

REGISTERED OFFICE:

Suite 3

Connaught Mews

118-120 Connaught Avenue

Frinton-on-Sea

Essex

CO13 9AD

REGISTERED NUMBER:

03658897 (England and Wales)

FIXED ASSETS

Tangible assets

4

256,661

186,797

CURRENT ASSETS

Stocks and work in progress

18,115

43,892

Debtors

5

285,831

231,527

Cash at bank

501,203

345,852

805,149

621,271

CREDITORS

Amounts falling due within one year

6

773,118

623,955

NET CURRENT ASSETS/(LIABILITIES)

32,031

(2,684

)

TOTAL ASSETS LESS CURRENT LIABILITIES

288,692

184,113

CREDITORS

Amounts falling due after more than one year

7

(71,675

)

(19,665

)

PROVISIONS FOR LIABILITIES

(23,702

)

(13,576

)

NET ASSETS

193,315

150,872

CAPITAL AND RESERVES

Called up share capital

200

100

Retained earnings

193,115

150,772

SHAREHOLDERS' FUNDS

193,315

150,872

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th July 2026 and were signed on its behalf by:

Mr A J Skilling - Director

Mrs S P Skilling - Director

Mr K Skilling - Director

Mr M Skilling - Director

Mr J Skilling - Director

1.	STATUTORY INFORMATION

Mantair Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% on reducing balance

Stocks

Stocks and work in progress 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 Statement of Income and Retained Earnings, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 22 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st November 2024

35,325

416,759

31,590

483,674

Additions

11,586

124,326

3,785

139,697

Disposals

-

(12,495

)

-

(12,495

)

At 31st October 2025

46,911

528,590

35,375

610,876

DEPRECIATION

At 1st November 2024

25,658

250,340

20,879

296,877

Charge for year

3,671

52,756

3,128

59,555

Eliminated on disposal

-

(2,217

)

-

(2,217

)

At 31st October 2025

29,329

300,879

24,007

354,215

NET BOOK VALUE

At 31st October 2025

17,582

227,711

11,368

256,661

At 31st October 2024

9,667

166,419

10,711

186,797

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st November 2024

117,186

Additions

113,326

Transfer to ownership

(66,621

)

At 31st October 2025

163,891

DEPRECIATION

At 1st November 2024

45,551

Charge for year

21,706

Transfer to ownership

(33,949

)

At 31st October 2025

33,308

NET BOOK VALUE

At 31st October 2025

130,583

At 31st October 2024

71,635

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

236,887

191,826

Other debtors

3,431

2,031

Directors' loan accounts

19,746

8,606

Prepayments and accrued income

25,767

29,064

285,831

231,527

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,833

10,000

Hire purchase contracts

46,145

22,172

Trade creditors

304,651

319,632

Taxation and social security

167,421

79,175

Other creditors

249,068

192,976

773,118

623,955

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,833

Hire purchase contracts

71,675

13,832

71,675

19,665

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

Mr A J Skilling

Balance outstanding at start of year

4,772

4,772

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

4,772

4,772

Mr M Skilling

Balance outstanding at start of year

4,250

17,850

Amounts advanced

5,000

-

Amounts repaid

-

(13,600

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,250

4,250

Mr J Skilling

Balance outstanding at start of year

-

-

Amounts advanced

5,724

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,724

-

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of the directors, Mr A Skilling, Mrs S Skilling, Mr K Skilling, Mr M Skilling, and Mr J Skilling who between them own 100% of the company's share capital.