Registered number
07732707
Mansfield Accounting Ltd
Filleted Accounts
31 March 2025
Mansfield Accounting Ltd
Registered number: 07732707
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 12,400 12,400
Tangible assets 4 3 5
12,403 12,405
Current assets
Debtors 5 7,126 8,782
Cash at bank and in hand 21,954 13,648
29,080 22,430
Creditors: amounts falling due within one year 6 (13,436) (11,209)
Net current assets 15,644 11,221
Net assets 28,047 23,626
Capital and reserves
Called up share capital 10 10
Profit and loss account 28,037 23,616
Shareholder's funds 28,047 23,626
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.
Mr Robert Mansfield F.M.A.A.T
Director
Approved by the board on 5 August 2025
Mansfield Accounting Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 50% Reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Cost
At 1 April 2024 12,400
At 31 March 2025 12,400
Amortisation
At 31 March 2025 -
Net book value
At 31 March 2025 12,400
At 31 March 2024 12,400
4 Tangible fixed assets
Computer Equipment
£
Cost
At 1 April 2024 2,211
At 31 March 2025 2,211
Depreciation
At 1 April 2024 2,206
Charge for the year 2
At 31 March 2025 2,208
Net book value
At 31 March 2025 3
At 31 March 2024 5
5 Debtors 2025 2024
£ £
Trade debtors 1,666 3,322
Other debtors 5,460 5,460
7,126 8,782
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 1,430 1,315
Corporation tax 10,520 8,249
Other taxes and social security costs 1,484 1,607
Other creditors 2 38
13,436 11,209
7 Other information
Mansfield Accounting Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 11
Purdeys Way
Rochford
Essex
SS4 1ND
Mansfield Accounting Ltd 07732707 false 2024-04-01 2025-03-31 2025-03-31 VT Final Accounts April 2025 Mr Robert Mansfield F.M.A.A.T No description of principal activity 07732707 2023-04-01 2024-03-31 07732707 core:WithinOneYear 2024-03-31 07732707 core:ShareCapital 2024-03-31 07732707 core:RetainedEarningsAccumulatedLosses 2024-03-31 07732707 2024-04-01 2025-03-31 07732707 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07732707 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07732707 bus:Director40 2024-04-01 2025-03-31 07732707 1 2024-04-01 2025-03-31 07732707 2 2024-04-01 2025-03-31 07732707 core:PlantMachinery 2024-04-01 2025-03-31 07732707 countries:England 2024-04-01 2025-03-31 07732707 bus:FRS102 2024-04-01 2025-03-31 07732707 bus:FilletedAccounts 2024-04-01 2025-03-31 07732707 2025-03-31 07732707 core:WithinOneYear 2025-03-31 07732707 core:ShareCapital 2025-03-31 07732707 core:RetainedEarningsAccumulatedLosses 2025-03-31 07732707 core:Goodwill 2025-03-31 07732707 core:PlantMachinery 2025-03-31 07732707 2024-03-31 07732707 core:Goodwill 2024-03-31 07732707 core:PlantMachinery 2024-03-31 iso4217:GBP xbrli:pure