REGISTERED NUMBER: 02968118 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

MANSIGN MINING EQUIPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H M Glenndenning

R S Glenndenning

D Holloway

S Beet

SECRETARY:

Mrs C Beet

REGISTERED OFFICE:

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

REGISTERED NUMBER:

02968118 (England and Wales)

ACCOUNTANTS:

Elkingtons Accountants Limited

1st Floor

49 High Street

Hucknall

Nottinghamshire

NG15 7AW

FIXED ASSETS

Tangible assets

4

1,066

1,462

CURRENT ASSETS

Stocks

97,839

96,996

Debtors

5

252,958

342,058

Cash at bank and in hand

187,351

313,356

538,148

752,410

CREDITORS

Amounts falling due within one year

6

101,983

293,856

NET CURRENT ASSETS

436,165

458,554

TOTAL ASSETS LESS CURRENT LIABILITIES

437,231

460,016

PROVISIONS FOR LIABILITIES

267

366

NET ASSETS

436,964

459,650

CAPITAL AND RESERVES

Called up share capital

25,000

25,000

Capital redemption reserve

73,500

73,500

Retained earnings

338,464

361,150

SHAREHOLDERS' FUNDS

436,964

459,650

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

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

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 26th March 2025 and were signed on its behalf by:

D Holloway - Director

1.	STATUTORY INFORMATION

Mansign Mining Equipment 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.

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 sales of goods, excluding Value Added Tax. The Company has identified delivery of goods as its critical event, as the right to consideration does not arise until this is fulfilled, revenue is not recognised until that event occurs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost and 20% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks have been valued at the lower of cost and estimated selling price less costs to sell, after making due allowance for obsolete and slow moving items. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

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 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 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.

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 9 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

and 31st December 2024

116,495

9,281

16,950

142,726

DEPRECIATION

At 1st January 2024

116,135

9,281

15,848

141,264

Charge for year

120

-

276

396

At 31st December 2024

116,255

9,281

16,124

141,660

NET BOOK VALUE

At 31st December 2024

240

-

826

1,066

At 31st December 2023

360

-

1,102

1,462

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

160,126

288,257

Amounts owed by group undertakings

12,300

11,500

Amounts owed by participating interests

57,808

-

Other debtors

22,724

42,301

252,958

342,058

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

38,891

65,062

Amounts owed to participating interests

-

165,534

Taxation and social security

8,421

41,465

Other creditors

54,671

21,795

101,983

293,856

7.	CONTROLLING PARTY

Mansigin Mining Equipment Limited is wholly owned by GW3156 Limited. The parent company's registered office address is First Floor, 49 High Street, Hucknall, Notts NG15 7AW. The parent company's principal place of business is Nunn Brook Road, County Estate, Huthwaite, Notts NG17 2HU.