Company registration number: 02131000
Annual report and unaudited financial statements
for the year ended 31 December 2025
for
Ashby & Mann Limited
Pages for filing with the Registrar
Company registration number: 02131000
Ashby & Mann Limited
Balance sheet
as at 31 December 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 986,365 1,003,693
986,365 1,003,693
Current assets
Stocks 380,590 622,689
Debtors 48,339 78,649
Cash at bank and in hand 3,879 7,346
432,808 708,684
Creditors: amounts falling due within one year
(664,624) (794,423)
Net current liabilities (231,816) (85,739)
Total assets less current liabilities 754,549 917,954
Creditors: Amounts falling due after more than one year
(4,000) (17,831)
Provisions for liabilities (93,431) (104,750)
NET ASSETS 657,118 795,373
Capital and reserves
Called up share capital 10,002 10,002
Revaluation reserve 534,944 540,448
Profit and loss account 112,172 244,923
TOTAL EQUITY 657,118 795,373
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02131000
Ashby & Mann Limited
Balance sheet - continued
as at 31 December 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 11 February 2026 and signed on its behalf by:
Mr B Mangiante, Director
11 February 2026
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Ashby & Mann Limited
Notes to the financial statements
for the year ended 31 December 2025
1 Company information
Ashby & Mann Limited is a private company registered in England and Wales. Its registered number is 02131000. The company is limited by shares. Its registered office is 94-106 Upper Bond Street, Hinckley, Leicestershire, LE10 1RL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company’s ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
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.
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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Land and buildings:
Freehold buildings - Freehold land is not depreciated. The financial statements have been prepared under the historical cost convention as modified by the revaluation of freehold land and buildings. The company previously adopted a policy of revaluing freehold land and buildings and they were stated at their revalued amounts, net of depreciation and any impairment losses. The company has adopted the transition exemption under FRS 102 paragraph 35.10 (d) and has elected to use the previous revaluation as the deemed cost. The difference between the depreciation based on the deemed cost, charged in the profit and loss account, and that on the original historical cost is transferred from the revaluation reserve to retained earnings. Impairment of fixed assets At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the 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 an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash- generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash- generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.















































Plant and machinery etc.:
Plant and machinery - 20% straight line
Motor vehicles - 25% reducing balance
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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial instruments
The company has elected to apply the provisions of Section 11 ’Basic Financial Instruments’ and Section 12 ’Other Financial Instrument Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at the market rate of interest. Classification of financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at the market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.














Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company’s pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 16 (2024 - 21).
4 Tangible fixed assets
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Cost
At 1 January 2025 1,144,466 124,492 1,268,958
At 31 December 2025 1,144,466 124,492 1,268,958
Depreciation
At 1 January 2025 168,612 96,653 265,265
Charge for year 10,020 7,308 17,328
At 31 December 2025 178,632 103,961 282,593
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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
4 Tangible fixed assets - continued
Net book value
At 31 December 2025 965,834 20,531 986,365
At 31 December 2024 975,854 27,839 1,003,693
Cost or valuation at 31 December 2025 is represented by:
Land and buildings
Plant and machinery etc.

Totals
£ £ £
Valuation in 2006 720,444 - 720,444
Cost 424,022 124,492 548,514
1,144,466 124,492 1,268,958
If land and buildings had not been revalued, they would have been included at the following historical cost:
2025 2024
£ £
Cost 330,082 330,082
Accumulated depreciation 78,215 74,937
5 Secured debts
Included with creditors are secured debts as follows: Hire purchase contracts -£11,999 (2024 - £ 19,997) Trade creditors - £117,096 (2024 - £315,255) Bank loans and overdrafts - £300,544 (2024 - £264,148)


6 Guarantees and other financial commitments
Minimum lease payments fall due as follows: Hire purchase contracts Net obligations repayable within one year £7,999 (2024 -£7,999) Net obligations repayable between one and five years £4,000 (2024 -£11,998) Non cancellable operating leases Net obligations repayable within one year £6,432 (2024 -£5,724) Net obligations repayable between one and five years £3,216 (2024 -£8,587)






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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
7 Freehold land and buildings
Included in the cost or valuation of land and buildings is freehold land of £600,569 (2024 -£600,569) which is not depreciated. Freehold land and buildings were valued on an open market basis on 31 December 2006 by Castle Commercial Chartered Surveyors. The company applied the transitional arrangements of Section 35 of FRS 102 and used a previous valuation as the deemed cost for its freehold properties. The properties are being depreciated from the valuation date. As the assets are depreciated or sold, as appropriate transfer is made from the revaluation reserve to retained earnings.


8 Debtors: Amounts falling due within one year
Trade debtors -£43,688 (2024 -£77,764) Other debtors -£4,651 (2024 -£885) Total -£48,339 (2024 -£78,649)

9 Creditors: Amounts falling due within one year
Bank loans and overdrafts - £306,378 (2024-£274,148) Hire purchase contracts - £7,999 (2024 -£7,999) Trade creditors - £231,008 (2024 -£467,146) Taxation and social security - £31,247 (2024 -£17,807) Other creditors - £87,992 (2024 -£27,323) Total - £664,624 (2024 -£794,423)




10 Creditors: Amounts falling due after more than one year
Bank loans £0 (2024 - £5,833) Hire purchase contracts £ 4,000 (2024 - £11,998) Total - £4,000 (2024 -£17,831)


11 Revaluation reserve and Provision for liabilities
Revaluation reserve The revaluation reserve represents the difference between the carrying value of the freehold land and buildings and their historic cost, less any transfers made to the profit and loss account representing the difference between historic cost depreciation and the amounts charged in the financial statements and movements on the deferred tax provision in respect of the properties. Revaluation reserve at 1 January 2025 - £540,448 Transfer to retained earnings - £(6,589) Deferred tax on revaluation of fixed assets - £1,085 Revaluation reserve at 31 December 2025 - £534,944 Provision for liabilities Deferred tax Balance at 1 January 2025 - £104,750 Credit to profit and loss account - £(11,319) Balance at 31 December 2025 - £93,431











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Ashby & Mann Limited
Notes to the financial statements - continued
for the year ended 31 December 2025
12 Controlling party
The controlling party is Mr B Mangiante and Mrs V Mangiante
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