REGISTERED NUMBER: 04054825 (England and Wales)

Financial Statements

for the Year Ended 31 August 2025

for

Mansfield Soft Furnishings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D J Mansfield

SECRETARY:

Mrs B Mansfield

REGISTERED OFFICE:

Unit 1, Meadowcroft Mill

Bury Road

Bamford

Rochdale

OL11 4AU

REGISTERED NUMBER:

04054825 (England and Wales)

ACCOUNTANTS:

Archwood Accountants

Archwood House

46-48 Long Street

Middleton

Manchester

M24 6UQ

BANKERS:

Natwest Bank plc

Midway House

Long Street

Middleton

Manchester

M24 6NW

FIXED ASSETS

Property, plant and equipment

4

160,602

186,088

CURRENT ASSETS

Debtors

5

385,577

328,234

Cash at bank

109

8,810

385,686

337,044

CREDITORS

Amounts falling due within one year

6

318,384

226,927

NET CURRENT ASSETS

67,302

110,117

TOTAL ASSETS LESS CURRENT LIABILITIES

227,904

296,205

CREDITORS

Amounts falling due after more than one year

7

(9,750

)

(30,681

)

PROVISIONS FOR LIABILITIES

-

(18,752

)

NET ASSETS

218,154

246,772

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

218,151

246,769

SHAREHOLDERS' FUNDS

218,154

246,772

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 20 April 2026 and were signed by:

D J Mansfield - Director

1.	STATUTORY INFORMATION

Mansfield Soft Furnishings 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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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% on cost

Plant & equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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 14 (2024 - 13 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Plant &

and

property

equipment

fittings

£

£

£

COST

At 1 September 2024

and 31 August 2025

150,000

37,869

10,171

DEPRECIATION

At 1 September 2024

54,000

32,092

9,454

Charge for year

3,000

1,444

107

At 31 August 2025

57,000

33,536

9,561

NET BOOK VALUE

At 31 August 2025

93,000

4,333

610

At 31 August 2024

96,000

5,777

717

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

and 31 August 2025

392,541

299

590,880

DEPRECIATION

At 1 September 2024

309,147

99

404,792

Charge for year

20,869

66

25,486

At 31 August 2025

330,016

165

430,278

NET BOOK VALUE

At 31 August 2025

62,525

134

160,602

At 31 August 2024

83,394

200

186,088

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

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

86,768

DEPRECIATION

At 1 September 2024

37,961

Charge for year

12,202

At 31 August 2025

50,163

NET BOOK VALUE

At 31 August 2025

36,605

At 31 August 2024

48,807

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

384,022

328,234

VAT

1,555

-

385,577

328,234

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

54,896

10,432

Hire purchase contracts

13,000

13,000

Trade creditors

24,429

12,981

Tax

133,426

114,100

Social security and other taxes

71,140

65,376

Other creditors

17,827

7,339

Directors' current accounts

941

974

Accrued expenses

2,725

2,725

318,384

226,927

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

-

7,931

Hire purchase contracts

9,750

22,750

9,750

30,681

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

7,931

18,363

Hire purchase contracts

22,750

35,750

30,681

54,113

The bank loan is secured on the property owned by the company.