Registered number
14690336
MansfieldMike Limited
Filleted Accounts
28 February 2024
MansfieldMike Limited
Registered number: 14690336
Balance Sheet
as at 28 February 2024
Notes 2024
£
Current assets
Cash at bank and in hand 52,734
Creditors: amounts falling due within one year 3 (19,878)
Net current assets 32,856
Net assets 32,856
Capital and reserves
Called up share capital 1
Profit and loss account 32,855
Shareholder's funds 32,856
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Michael Mansfield
Director
Approved by the board on 9 October 2024
MansfieldMike Limited
Notes to the Accounts
for the period from 27 February 2023 to 28 February 2024
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.
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024
Number
Average number of persons employed by the company 1
3 Creditors: amounts falling due within one year 2024
£
Taxation and social security costs 19,854
Director's account 24
19,878
4 Controlling party
The ultimate controlling party for the period: Michael Mansfield
Michael Mansfield holds 100% of the issued share capital and is deemed the ultimate controlling party
5 Other information
MansfieldMike Limited is a private company limited by shares and incorporated in Wales. Its registered office is:
5 Sycamore Road
Griffithstown
Pontypool
NP4 5AL
MansfieldMike Limited 14690336 false 2023-02-27 2024-02-28 2024-02-28 VT Final Accounts April 2024 Michael Mansfield No description of principal activity 14690336 2023-02-27 2024-02-28 14690336 bus:PrivateLimitedCompanyLtd 2023-02-27 2024-02-28 14690336 bus:AuditExemptWithAccountantsReport 2023-02-27 2024-02-28 14690336 bus:Director40 2023-02-27 2024-02-28 14690336 2 2023-02-27 2024-02-28 14690336 countries:England 2023-02-27 2024-02-28 14690336 bus:FRS102 2023-02-27 2024-02-28 14690336 bus:FilletedAccounts 2023-02-27 2024-02-28 14690336 2024-02-28 14690336 core:WithinOneYear 2024-02-28 14690336 core:ShareCapital 2024-02-28 14690336 core:RetainedEarningsAccumulatedLosses 2024-02-28 14690336 2023-02-26 iso4217:GBP xbrli:pure