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REGISTERED NUMBER: 05196759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

PETER L MANSBRIDGE & SON LIMITED

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PETER L MANSBRIDGE & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P A Mansbridge
Mrs J A Buckmaster





SECRETARY: Mrs J A Buckmaster





REGISTERED OFFICE: 11 Sandleigh Road
Wootton
ABINGDON
Oxfordshire
OX13 6DP





REGISTERED NUMBER: 05196759 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 321,167 253,805

CURRENT ASSETS
Debtors 5 626,922 591,319
Cash at bank 85 23,626
627,007 614,945
CREDITORS
Amounts falling due within one year 6 554,667 679,188
NET CURRENT ASSETS/(LIABILITIES) 72,340 (64,243 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,507

189,562

CREDITORS
Amounts falling due after more than one
year

7

(214,741

)

(114,871

)

PROVISIONS FOR LIABILITIES 9 (74,117 ) (45,988 )
NET ASSETS 104,649 28,703

CAPITAL AND RESERVES
Called up share capital 10 4 4
Retained earnings 104,645 28,699
SHAREHOLDERS' FUNDS 104,649 28,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

BALANCE SHEET - continued
31 MARCH 2024


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 24 November 2024 and were signed on its behalf by:




Mr P A Mansbridge - Director



Mrs J A Buckmaster - Director


PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Peter L Mansbridge & Son 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. 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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 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 all 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 497,205 21,405 320,473 839,083
Additions 153,495 1,253 - 154,748
At 31 March 2024 650,700 22,658 320,473 993,831
DEPRECIATION
At 1 April 2023 361,240 17,064 206,974 585,278
Charge for year 57,892 1,119 28,375 87,386
At 31 March 2024 419,132 18,183 235,349 672,664
NET BOOK VALUE
At 31 March 2024 231,568 4,475 85,124 321,167
At 31 March 2023 135,965 4,341 113,499 253,805

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 161,245 180,587 341,832
Additions 133,245 - 133,245
Transfer to ownership (36,950 ) (40,738 ) (77,688 )
At 31 March 2024 257,540 139,849 397,389
DEPRECIATION
At 1 April 2023 84,639 91,289 175,928
Charge for year 38,186 18,028 56,214
Transfer to ownership 18,032 (23,551 ) (5,519 )
At 31 March 2024 140,857 85,766 226,623
NET BOOK VALUE
At 31 March 2024 116,683 54,083 170,766
At 31 March 2023 76,606 89,298 165,904

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 525,530 529,730
Loan to Mansbridge Homes Ltd - 46,613
Tax 8,941 14,976
VAT 92,451 -
626,922 591,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 29,412 21,666
Other loans 75,365 -
Hire purchase contracts 74,554 77,797
Trade creditors 295,065 453,739
Tax 31,535 7,023
Social security and other taxes 25,607 22,216
Wages 11,251 -
VAT - 8,729
Other creditors 7,650 4,220
Directors' current accounts 348 80,263
Accrued expenses 3,880 3,535
554,667 679,188

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 21,667 21,667
Bank loans - 2-5 years 33,001 48,334
Bank loans more 5 yr by instal 19,167 24,167
Other loans - 1-2 years 50,244 -
Hire purchase contracts 90,662 20,703
214,741 114,871

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,167 24,167

8. SECURED DEBTS

Barclays Bank PLC hold a fixed and floating charge over the property of the company, in respect of the bank overdraft facility.

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 74,117 45,988

PETER L MANSBRIDGE & SON LIMITED (REGISTERED NUMBER: 05196759)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 45,988
Provided during year 28,129
Movement in year
Balance at 31 March 2024 74,117

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
4 Ordinary £1 4 4