1 April 2023 false No description of principal activity Taxfiler 2024.4 11694585business:PrivateLimitedCompanyLtd2023-04-012024-03-31 116945852023-03-31 116945852023-04-012024-03-31 11694585business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11694585business:FilletedAccounts2023-04-012024-03-31 116945852024-03-31 11694585business:Director12023-04-012024-03-31 11694585business:Director22023-04-012024-03-31 11694585business:RegisteredOffice2023-04-012024-03-31 116945852023-03-31 11694585core:WithinOneYear2024-03-31 11694585core:WithinOneYear2023-03-31 11694585core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11694585core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11694585core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11694585core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11694585core:PreviouslyStatedAmount2024-03-31 11694585core:PreviouslyStatedAmount2023-03-31 11694585business:SmallEntities2023-04-012024-03-31 11694585countries:EnglandWales2023-04-012024-03-31 11694585core:PlantMachinery2023-04-012024-03-31 11694585core:MotorVehicles2023-04-012024-03-31 11694585core:FurnitureFittings2023-04-012024-03-31 11694585core:ComputerEquipment2023-04-012024-03-31 11694585core:Goodwill2023-03-31 11694585core:Goodwill2024-03-31 11694585core:Goodwill2023-04-012024-03-31 11694585core:PlantMachinery2023-03-31 11694585core:FurnitureFittings2023-03-31 11694585core:ComputerEquipment2023-03-31 11694585core:PlantMachinery2024-03-31 11694585core:FurnitureFittings2024-03-31 11694585core:ComputerEquipment2024-03-31 116945852022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11694585 (England and Wales)
THE MINI CENTRE (PRESTON) LTD Unaudited accounts for the year ended 31 March 2024
THE MINI CENTRE (PRESTON) LTD Unaudited accounts Contents
Page
- 2 -
THE MINI CENTRE (PRESTON) LTD Company Information for the year ended 31 March 2024
Directors
Mrs C A Ainsworth Mr T Uttley (jnr)
Company Number
11694585 (England and Wales)
Registered Office
THE MINI CENTRE (PRESTON) LTD RIVERSIDE PRESTON PR1 8JR ENGLAND
Accountants
Xoba Limited 26 Landsmoor Drive Longton Preston Lancashire PR4 5PE
- 3 -
THE MINI CENTRE (PRESTON) LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
11,700 
14,040 
Tangible assets
12,813 
5,341 
24,513 
19,381 
Current assets
Inventories
1,000 
1,000 
Debtors
7,188 
3,143 
Cash at bank and in hand
128,059 
102,710 
136,247 
106,853 
Creditors: amounts falling due within one year
(68,813)
(75,140)
Net current assets
67,434 
31,713 
Total assets less current liabilities
91,947 
51,094 
Provisions for liabilities
Deferred tax
(2,434)
(1,015)
Net assets
89,513 
50,079 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
89,413 
49,979 
Shareholders' funds
89,513 
50,079 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Mrs C A Ainsworth Director Company Registration No. 11694585
- 4 -
THE MINI CENTRE (PRESTON) LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
THE MINI CENTRE (PRESTON) LTD is a private company, limited by shares, registered in England and Wales, registration number 11694585. The registered office is THE MINI CENTRE (PRESTON) LTD, RIVERSIDE, PRESTON, PR1 8JR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on written down value
Motor vehicles
25% on written down value
Fixtures & fittings
20% on written down value
Computer equipment
33.3% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
- 5 -
THE MINI CENTRE (PRESTON) LTD Notes to the Accounts for the year ended 31 March 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
23,400 
At 31 March 2024
23,400 
Amortisation
At 1 April 2023
9,360 
Charge for the year
2,340 
At 31 March 2024
11,700 
Net book value
At 31 March 2024
11,700 
At 31 March 2023
14,040 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
7,351 
1,711 
632 
9,694 
Additions
9,775 
- 
- 
9,775 
At 31 March 2024
17,126 
1,711 
632 
19,469 
Depreciation
At 1 April 2023
2,745 
976 
632 
4,353 
Charge for the year
2,156 
147 
- 
2,303 
At 31 March 2024
4,901 
1,123 
632 
6,656 
Net book value
At 31 March 2024
12,225 
588 
- 
12,813 
At 31 March 2023
4,606 
735 
- 
5,341 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,162 
2,866 
Accrued income and prepayments
1,026 
277 
7,188 
3,143 
- 6 -
THE MINI CENTRE (PRESTON) LTD Notes to the Accounts for the year ended 31 March 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
6,172 
5,658 
Trade creditors
9,238 
6,775 
Taxes and social security
18,436 
19,041 
Loans from directors
34,082 
43,666 
Accruals
885 
- 
68,813 
75,140 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -