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Registered Number: 06647346
England and Wales

 

 

 

MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED for the year ended 31 July 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED , as a body, in accordance with the terms of our engagement letter dated 18 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED and state those matters that we have agreed to state to the Board of Directors of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED . You consider that MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts



....................................................
Child and Child Accountants Ltd
49 Somerset Street
Abertillery
Gwent
NP13 1DL
18 November 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 48,340    38,298 
48,340    38,298 
Current assets      
Stocks 28,824    68,084 
Debtors   2,270 
Cash at bank and in hand 124,266    30,697 
153,090    101,051 
Creditors: amount falling due within one year (95,756)   (94,298)
Net current assets 57,334    6,753 
 
Total assets less current liabilities 105,674    45,051 
Net assets 105,674    45,051 
 

Capital and reserves
     
Called up share capital 3    3 
Profit and loss account 105,671    45,048 
Shareholders' funds 105,674    45,051 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 November 2024 and were signed by:


-------------------------------
Maxwell Warren FLYNN
Director
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General Information
MANSFIELD DEVELOPMENTS (SOUTH WEST) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06647346, registration address 53 MONNOW STREET, MONMOUTH, NP25 3EW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Reducing Balance
Plant and Machinery 8 years Straight Line
Motor Vehicles 20% Reducing Balance
Computer Equipment 20% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £   £
At 01 August 2023 10,180    455    57,046    722    68,403 
Additions   17,904        17,904 
Disposals        
At 31 July 2024 10,180    18,359    57,046    722    86,307 
Depreciation
At 01 August 2023   455    28,928    722    30,105 
Charge for year   2,238    5,624      7,862 
On disposals        
At 31 July 2024   2,693    34,552    722    37,967 
Net book values
Closing balance as at 31 July 2024 10,180    15,666    22,494      48,340 
Opening balance as at 01 August 2023 10,180      28,118      38,298 


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