MANNINGS SUPERMARKETS LIMITED - Filleted accounts

Registered number

07674525

MANNINGS SUPERMARKETS LIMITED

Filleted Accounts

31 August 2026

MANNINGS SUPERMARKETS LIMITED
Registered number:		07674525
Balance Sheet
as at 31 August 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		400,791			421,398

Current assets
Stocks		94,759			106,730
Debtors	4	18,093			16,941
Cash at bank and in hand		362,078			282,145
		474,930			405,816

Creditors: amounts falling due within one year	5	(178,077)			(185,955)

Net current assets			296,853			219,861

Total assets less current liabilities			697,644			641,259


Provisions for liabilities			(16,025)			(15,381)


Net assets			681,619			625,878

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			680,619			624,878

Shareholders' funds			681,619			625,878

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




PAUL REGINALD MANNING
Director
Approved by the board on 17 September 2026

MANNINGS SUPERMARKETS LIMITED
Notes to the Accounts
for the year ended 31 August 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.


	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings (exc. land at a cost of £125000)			2% straight line
	Plant and machinery			15% net book value
	Motor vehicles			25% net book value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					21		20


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2025	338,034		202,751		119,030		659,815
	Additions	-		-		16,449		16,449
	Disposals	-		-		(18,498)		(18,498)
	At 31 August 2026	338,034		202,751		116,981		657,766

	Depreciation
	At 1 September 2025	51,498		127,730		59,189		238,417
	Charge for the year	4,261		11,253		18,250		33,764
	On disposals	-		-		(15,206)		(15,206)
	At 31 August 2026	55,759		138,983		62,233		256,975

	Net book value
	At 31 August 2026	282,275		63,768		54,748		400,791
	At 31 August 2025	286,536		75,021		59,841		421,398


4	Debtors					2026		2025
£							£

	Trade debtors					1,221		-
	Other debtors					16,872		16,941
						18,093		16,941


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Trade creditors					126,265		124,613
	Taxation and social security costs					36,449		47,728
	Other creditors (inc. directors' loan accounts £1183 (2025 £871))					15,363		13,614
						178,077		185,955


6	Related party transactions
	Paul Reginald Manning - Director
	Has received dividends from the Company during the year amounting to £510.
	Peter Reginald Manning - Director
	Has received dividends from the Company during the year amounting to £490.


7	Controlling party

	In the opinion of the directors the ultimate controlling party of the company is Mr Paul Reginald Manning by virtue of his majority shareholding.


8	Other information

	MANNINGS SUPERMARKETS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	HOLLY ROAD
	LITTLE DAWLEY
	TELFORD
	SHROPSHIRE
	TF4 3HA