REGISTERED NUMBER: 07106556 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Manners Dry Lining Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Manners

REGISTERED OFFICE:

18 Bunyan Road

Kempston

Bedford

MK42 8HL

REGISTERED NUMBER:

07106556 (England and Wales)

ACCOUNTANTS:

Kearney & Associates Limited

14 Harvey Road

Bedford

Bedfordshire

MK41 9LF

FIXED ASSETS

Tangible assets

4

49,801

8,877

CURRENT ASSETS

Stocks

5

1,000

1,000

Debtors

6

171,901

343,939

Cash at bank

118,302

117,033

291,203

461,972

CREDITORS

Amounts falling due within one year

7

186,884

326,471

NET CURRENT ASSETS

104,319

135,501

TOTAL ASSETS LESS CURRENT LIABILITIES

154,120

144,378

CREDITORS

Amounts falling due after more than one year

8

(37,223

)

(30,231

)

PROVISIONS FOR LIABILITIES

(12,450

)

(2,219

)

NET ASSETS

104,447

111,928

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,347

111,828

SHAREHOLDERS' FUNDS

104,447

111,928

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 September 2026 and were signed by:

M Manners - Director

1.	STATUTORY INFORMATION

Manners Dry Lining Limited 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

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks 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 Income Statement, 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.

Accrued income

Revenue is recognised over time as activities progress to reflect the company's performance of its contractual obligations. The amount of revenue reflects the accrued right to consideration as contract activity progresses by reference to the value of work performed, calculated at recognisable stages of completion. It represents all direct costs, the relevant proportion of overheads and estimated gross profit at each stage of completion.

Retentions withheld in respect of progress payments on contracts are also accounted for on an accruals basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

13,867

2,715

39,961

56,543

Additions

-

-

47,320

47,320

At 31 December 2025

13,867

2,715

87,281

103,863

DEPRECIATION

At 1 January 2025

13,561

2,244

31,861

47,666

Charge for year

306

122

5,968

6,396

At 31 December 2025

13,867

2,366

37,829

54,062

NET BOOK VALUE

At 31 December 2025

-

349

49,452

49,801

At 31 December 2024

306

471

8,100

8,877

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

Motor

vehicles

£

COST

Additions

47,320

At 31 December 2025

47,320

DEPRECIATION

Charge for year

3,943

At 31 December 2025

3,943

NET BOOK VALUE

At 31 December 2025

43,377

5.

STOCKS

31.12.25

31.12.24

£

£

Stocks

1,000

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

161,527

327,226

Accrued income

5,000

5,000

Other debtors

5,374

11,713

171,901

343,939

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

47,521

70,716

Hire purchase contracts (see note 9)

15,773

-

Trade creditors

43,391

164,189

Taxation and social security

31,268

53,758

Other creditors

48,931

37,808

186,884

326,471

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

9,540

30,231

Hire purchase contracts (see note 9)

27,683

-

37,223

30,231

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.12.25

31.12.24

£

£

Net obligations repayable:

Within one year

15,773

-

Between one and five years

27,683

-

43,456

-

Non-cancellable

operating leases

31.12.25

31.12.24

£

£

Within one year

-

4,376

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Hire purchase contract

43,456

-

Liabilities are secured on the relevant assets financed.