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REGISTERED NUMBER: 01365700 (England and Wales)















MANSFIELD BOARD MACHINERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MANSFIELD BOARD MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr K J Dartnell
Mrs R K Dartnell
Mrs N J Bratherton
Mr P Bratherton





REGISTERED OFFICE: Unit 2
Horsley Road
Northampton
Northamptonshire
NN2 6LJ





REGISTERED NUMBER: 01365700 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 585,404 623,212

CURRENT ASSETS
Stocks 363,878 363,241
Debtors 5 348,040 313,120
Prepayments and accrued income (180 ) -
Cash at bank 312,981 320,093
1,024,719 996,454
CREDITORS
Amounts falling due within one year 6 356,799 342,300
NET CURRENT ASSETS 667,920 654,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,253,324

1,277,366

PROVISIONS FOR LIABILITIES 127,516 134,996
NET ASSETS 1,125,808 1,142,370

CAPITAL AND RESERVES
Called up share capital 8 52,555 52,555
Revaluation reserve 9 278,259 278,259
Retained earnings 794,994 811,556
SHAREHOLDERS' FUNDS 1,125,808 1,142,370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

BALANCE SHEET - continued
31 MARCH 2025


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 12 August 2025 and were signed on its behalf by:




Mrs N J Bratherton - Director



Mr K J Dartnell - Director


MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Mansfield Board Machinery 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

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.


Freehold property -2% per annum on buildings on a straight line basis
Plant and machinery-15% per annum on a reducing balance basis
Motor vehicles-25% per annum on a reducing balance basis
Computer equipment-30% per annum on a reducing balance basis

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
Deferred taxation
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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

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.

Debtors and creditors receivable / payable within one year
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 21 ) .

MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 April 2024 352,180 491,796 119,752 36,707 1,000,435
Additions - 8,124 - 510 8,634
At 31 March 2025 352,180 499,920 119,752 37,217 1,009,069
DEPRECIATION
At 1 April 2024 4,284 272,583 68,396 31,960 377,223
Charge for year 2,043 31,608 11,465 1,326 46,442
At 31 March 2025 6,327 304,191 79,861 33,286 423,665
NET BOOK VALUE
At 31 March 2025 345,853 195,729 39,891 3,931 585,404
At 31 March 2024 347,896 219,213 51,356 4,747 623,212

Included in cost or valuation of land and buildings is freehold land of £ 250,000 (2024 - £ 250,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Valuation in 1999 41,579 - - - 41,579
Valuation in 2002 2,500 - - - 2,500
Valuation in 2005 28,000 - - - 28,000
Valuation in 2010 14,000 - - - 14,000
Valuation in 2013 (14,000 ) - - - (14,000 )
Valuation in 2016 30,000 - - - 30,000
Valuation in 2021 51,000 - - - 51,000
Valuation in 2022 152,180 - - - 152,180
Cost 46,921 499,920 119,752 37,217 703,810
352,180 499,920 119,752 37,217 1,009,069

The valuation provided by Drake and Partners LLP dated 7th November 2023 reported a valuation of £350,000 which has not changed since their previous valuation on 26th July 2022.

MANSFIELD BOARD MACHINERY LIMITED (REGISTERED NUMBER: 01365700)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 332,004 299,642
Other debtors 1,250 4,945
VAT 12,815 6,622
Prepayments and accrued income 1,971 1,911
348,040 313,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 200,427 220,954
Tax 119,308 87,478
Social security and other taxes 11,307 17,078
Other creditors 3,080 -
Directors' current accounts 1,248 3,080
Accruals and deferred income 21,429 13,710
356,799 342,300

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 12,792 12,792
Between one and five years 38,376 51,168
51,168 63,960

8. CALLED UP SHARE CAPITAL

Shares Issued, called up and fully paid
2025 2025 2024 2024
No £    No £
Ordinary Shares of £1 52,500 52,500 52,500 52,500

Ordinary B Shares of £0.50 100 50 100 50

Ordinary C Shares of £0.25 20 5 20 5


9. RESERVES

During the year dividends of £350,000 were paid to the shareholders. (2024: £597,200).

10. ULTIMATE CONTROLLING PARTY

The controlling party as at 31st March 2025 was KME Machinery Limited.