MANSFIELD TYRES LIMITED

Company Registration Number:
03260099 (England and Wales)

Unaudited abridged accounts for the year ended 30 June 2024

Period of accounts

Start date: 01 July 2023

End date: 30 June 2024

MANSFIELD TYRES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

MANSFIELD TYRES LIMITED

Company Information

for the Period Ended 30 June 2024




Director: Christopher Pierrepont
Registered office: Kestrel Road Hermitage Lane
Mansfield
Nottinghamshire
NG18 5FT
Company Registration Number: 03260099 (England and Wales)

MANSFIELD TYRES LIMITED

Directors' Report Period Ended 30 June 2024

The directors present their report with the financial statements of the company for the period ended 30 June 2024

Principal Activities

Repair and resale of tyres

Political and charitable donations

none

Directors

The directors shown below have held office during the whole of the period from 01 July 2023 to 30 June 2024
Christopher Pierrepont

This report was approved by the board of directors on 28 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher Pierrepont
Status: Director

MANSFIELD TYRES LIMITED

Profit and Loss Account

for the Period Ended 30 June 2024


Notes

2024
£

2023
£
Gross Profit or (Loss) 279,305 240,572
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 7,171 ) ( 9,812 )
Operating Profit or (Loss) 272,134 230,760
Interest Receivable and Similar Income 10,130 1,188
Interest Payable and Similar Charges ( 2,465 ) ( 1,977 )
Profit or (Loss) Before Tax 279,799 229,971
Tax on Profit ( 42,746 ) ( 26,992 )
Profit or (Loss) for Period 237,053 202,979

The notes form part of these financial statements

MANSFIELD TYRES LIMITED

Balance sheet

As at 30 June 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 198,597 192,898
Total fixed assets: 198,597 192,898
Current assets
Stocks: 49,567 43,880
Debtors: 56,946 69,340
Cash at bank and in hand: 584,476 548,504
Total current assets: 690,989 661,724
Creditors: amounts falling due within one year: ( 89,811 ) ( 87,250 )
Net current assets (liabilities): 601,178 574,474
Total assets less current liabilities: 799,775 767,372
Total net assets (liabilities): 799,775 767,372

The notes form part of these financial statements

MANSFIELD TYRES LIMITED

Balance sheet continued

As at 30 June 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 799,675 767,272
Shareholders funds: 799,775 767,372

For the year ending 30 June 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 September 2024
And Signed On Behalf Of The Board By:

Name: Christopher Pierrepont
Status: Director

The notes form part of these financial statements

MANSFIELD TYRES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

MANSFIELD TYRES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 3 2

MANSFIELD TYRES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

  • 3. Off balance sheet disclosure

    No

MANSFIELD TYRES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

4. Dividends


2024
£

2023
£
Dividends paid 101,691 107,055

MANSFIELD TYRES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2024

5. Tangible Assets

Total
Cost £
At 01 July 2023 366,189
Additions 6,332
Disposals -
Revaluations -
Transfers -
At 30 June 2024 372,521
Depreciation
At 01 July 2023 173,291
Charge for year 633
On disposals -
Other adjustments -
At 30 June 2024 173,924
Net book value
At 30 June 2024 198,597
At 30 June 2023 192,898