1 01/12/2023 30/11/2024 2024-11-30 false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-12-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 05046497 2023-12-01 2024-11-30 05046497 2024-11-30 05046497 2023-11-30 05046497 2022-12-01 2023-11-30 05046497 2023-11-30 05046497 2022-11-30 05046497 core:LandBuildings core:ShortLeaseholdAssets 2023-12-01 2024-11-30 05046497 core:PlantMachinery 2023-12-01 2024-11-30 05046497 core:FurnitureFittingsToolsEquipment 2023-12-01 2024-11-30 05046497 bus:RegisteredOffice 2023-12-01 2024-11-30 05046497 bus:LeadAgentIfApplicable 2023-12-01 2024-11-30 05046497 bus:Director1 2023-12-01 2024-11-30 05046497 core:WithinOneYear 2024-11-30 05046497 core:WithinOneYear 2023-11-30 05046497 core:ShareCapital 2024-11-30 05046497 core:ShareCapital 2023-11-30 05046497 core:RetainedEarningsAccumulatedLosses 2024-11-30 05046497 core:RetainedEarningsAccumulatedLosses 2023-11-30 05046497 bus:SmallEntities 2023-12-01 2024-11-30 05046497 bus:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 05046497 bus:SmallCompaniesRegimeForAccounts 2023-12-01 2024-11-30 05046497 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 05046497 bus:AbridgedAccounts 2023-12-01 2024-11-30
Company registration number: 05046497
Mosborough Machining Limited
Unaudited filleted abridged financial statements
30 November 2024
Mosborough Machining Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Mosborough Machining Limited
Directors and other information
Director Mr E Wilson
Company number 05046497
Registered office Unit 3B, Bedgrave Close
Norwood Industrial Estate
Killamarsh
S21 2HB
Bankers Lloyds TSB
14 Church Street
Sheffield
S1 2GJ
Mosborough Machining Limited
Abridged statement of financial position
30 November 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 1,234 1,275
_______ _______
1,234 1,275
Current assets
Debtors 8,853 7,547
Cash at bank and in hand 10,080 6,804
_______ _______
18,933 14,351
Creditors: amounts falling due
within one year ( 14,674) ( 10,733)
_______ _______
Net current assets 4,259 3,618
_______ _______
Total assets less current liabilities 5,493 4,893
Provisions for liabilities ( 235) ( 242)
_______ _______
Net assets 5,258 4,651
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,158 4,551
_______ _______
Shareholders funds 5,258 4,651
_______ _______
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 01 July 2025 , and are signed on behalf of the board by:
Mr E Wilson
Director
Company registration number: 05046497
Mosborough Machining Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 3B, Bedgrave Close, Norwood Industrial Estate, Killamarsh, S21 2HB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment - 33 % straight line
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
4. Staff costs
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
The aggregate payroll costs incurred during the year were:
2024 2023
£ £
Wages and salaries 9,000 9,000
_______ _______
5. Tangible assets
£
Cost
At 1 December 2023 10,434
Additions 224
_______
At 30 November 2024 10,658
_______
Depreciation
At 1 December 2023 9,159
Charge for the year 265
_______
At 30 November 2024 9,424
_______
Carrying amount
At 30 November 2024 1,234
_______
At 30 November 2023 1,275
_______