Mannpower and Light Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09054258 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Mannpower and Light Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Mann

Mrs C E Mann

REGISTERED OFFICE:

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

REGISTERED NUMBER:

09054258 (England and Wales)

FIXED ASSETS

Tangible assets

5

174,972

185,921

CURRENT ASSETS

Debtors

6

254,273

259,679

Cash at bank

7

5,607

3,517

259,880

263,196

CREDITORS

Amounts falling due within one year

8

93,211

113,263

NET CURRENT ASSETS

166,669

149,933

TOTAL ASSETS LESS CURRENT LIABILITIES

341,641

335,854

CAPITAL AND RESERVES

Called up share capital

250,000

250,000

Retained earnings

9

91,641

85,854

SHAREHOLDERS' FUNDS

341,641

335,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:

C J Mann - Director

1.	STATUTORY INFORMATION

Mannpower and Light 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 and represents the amount receivable for electricity supplied net of discounts and rebates allowed by the company and value added taxes.

Turnover from the sale of electricity is recognised at the point of sale. Where payments are received from customers in advance of electricity supplied the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Solar panels

-

4% on a straight line basis

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs and borrowing costs capitalised.

Financial instruments

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 debtors are stated at cost less impairment losses for bad and doubtful debts.

Basic financial liabilities, including trade and other creditors, bank loans, overdrafts and loans from fellow group companies, are initially recognised at transaction price. Bank loans and other loans are subsequently carried at amortised cost, using the effective interest rate method.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

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 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.

Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

Distributions to shareholders

Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Solar

panels

£

COST

At 1 June 2022

and 31 May 2023

273,724

DEPRECIATION

At 1 June 2022

87,803

Charge for year

10,949

At 31 May 2023

98,752

NET BOOK VALUE

At 31 May 2023

174,972

At 31 May 2022

185,921

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,972

2,514

Deferred tax asset

2,301

7,165

Called up share capital not paid

250,000

250,000

254,273

259,679

7.	CASH AT BANK

2023

2022

£

£

Bank account no. 1

5,607

3,517

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other loans

38,450

63,600

VAT

1,174

1,243

Other creditors

500

500

Directors' current accounts

51,892

47,000

Accruals and deferred income

1,195

920

93,211

113,263

9.

RESERVES

Retained

earnings

£

At 1 June 2022

85,854

Profit for the year

9,787

Dividends

(4,000

)

At 31 May 2023

91,641

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the directors £51,892 (2022 £47,000).

11.	RELATED PARTY DISCLOSURES

At the year end the company owed J J Mann & Co a partnership in which CJ Mann and CE Mann are partners £38,450 (2022: £63,600)

12.	ULTIMATE CONTROLLING PARTY

The company is under the control of its directors.