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REGISTERED NUMBER: 06893341 (England and Wales)















GENERAL SERVICES MANSFIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GENERAL SERVICES MANSFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M A Marshall
Ms L Willett





REGISTERED OFFICE: 33-37 Kingsway
Kirkby-in-Ashfield
Nottinghamshire
NG17 7DR





REGISTERED NUMBER: 06893341 (England and Wales)





ACCOUNTANTS: Killicks Limited
35/37 Kingsway
Kirkby in Ashfield
Nottinghamshire
NG17 7DR

GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)

STATEMENT OF FINANCIAL POSITION
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,287 70,022

CURRENT ASSETS
Debtors 5 34,362 20,138
Cash at bank 9,826 14,986
44,188 35,124
CREDITORS
Amounts falling due within one year 6 33,120 27,661
NET CURRENT ASSETS 11,068 7,463
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,355

77,485

CREDITORS
Amounts falling due after more than one
year

7

(64,702

)

(61,080

)

PROVISIONS FOR LIABILITIES (13,000 ) (8,200 )
NET ASSETS 1,653 8,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,553 8,105
SHAREHOLDERS' FUNDS 1,653 8,205

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

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

GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





M A Marshall - Director


GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)

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

1. STATUTORY INFORMATION

General Services Mansfield 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 represents net invoiced sale of goods and services, excluding VAT.

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 etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)

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

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 June 2023 115,181
Additions 109,982
Disposals (101,711 )
At 31 May 2024 123,452
DEPRECIATION
At 1 June 2023 45,159
Charge for year 31,543
Eliminated on disposal (21,537 )
At 31 May 2024 55,165
NET BOOK VALUE
At 31 May 2024 68,287
At 31 May 2023 70,022

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machiner
etc
£   
COST
At 1 June 2023 67,961
Additions 105,647
Disposals (101,711 )
At 31 May 2024 71,897
DEPRECIATION
At 1 June 2023 13,100
Charge for year 26,411
Eliminated on disposal (21,537 )
At 31 May 2024 17,974
NET BOOK VALUE
At 31 May 2024 53,923
At 31 May 2023 54,861

GENERAL SERVICES MANSFIELD LIMITED (REGISTERED NUMBER: 06893341)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,413 19,138
Other debtors 3,949 1,000
34,362 20,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,369 3,838
Hire purchase contracts 12,032 7,140
Trade creditors 383 353
Taxation and social security 15,338 9,562
Other creditors 1,998 6,768
33,120 27,661

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,561 16,339
Hire purchase contracts 51,141 44,741
64,702 61,080

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,140 3,918

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £8,500 (2023 - £7,500) were paid to the directors .