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REGISTERED NUMBER: 04754528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2022

for

M M Band Services Limited

M M Band Services Limited (Registered number: 04754528)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


M M Band Services Limited

Company Information
for the Year Ended 31 March 2022







Director: Mr M Moulds





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 04754528 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

M M Band Services Limited (Registered number: 04754528)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,039,674 5,037,755
Investments 6 56,896 56,896
5,096,570 5,094,651

CURRENT ASSETS
Stocks 3,307 9,725
Debtors 7 2,682,870 271,687
Cash at bank 226,978 60,000
2,913,155 341,412
CREDITORS
Amounts falling due within one year 8 3,171,257 1,145,534
NET CURRENT LIABILITIES (258,102 ) (804,122 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,838,468

4,290,529

CREDITORS
Amounts falling due after more than one
year

9

(2,249,739

)

(2,450,983

)

PROVISIONS FOR LIABILITIES 11 (686,000 ) (558,080 )

ACCRUALS AND DEFERRED INCOME - (35,822 )
NET ASSETS 1,902,729 1,245,644

CAPITAL AND RESERVES
Called up share capital 12 101 101
Retained earnings 1,902,628 1,245,543
SHAREHOLDERS' FUNDS 1,902,729 1,245,644

M M Band Services Limited (Registered number: 04754528)

Balance Sheet - continued
31 March 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:





Mr M Moulds - Director


M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

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

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 10% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 5% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2021 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 31,465
AMORTISATION
At 1 April 2021
and 31 March 2022 31,465
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2021 871,648 16,799 52,153 5,050,740 5,991,340
Additions - - 217 312,423 312,640
Disposals - - - (16,290 ) (16,290 )
At 31 March 2022 871,648 16,799 52,370 5,346,873 6,287,690
DEPRECIATION
At 1 April 2021 165,768 4,319 43,412 740,086 953,585
Charge for year 39,348 1,680 5,713 251,763 298,504
Eliminated on disposal - - - (4,073 ) (4,073 )
At 31 March 2022 205,116 5,999 49,125 987,776 1,248,016
NET BOOK VALUE
At 31 March 2022 666,532 10,800 3,245 4,359,097 5,039,674
At 31 March 2021 705,880 12,480 8,741 4,310,654 5,037,755

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2021
and 31 March 2022 2,759,603
DEPRECIATION
At 1 April 2021 328,562
Charge for year 137,980
At 31 March 2022 466,542
NET BOOK VALUE
At 31 March 2022 2,293,061
At 31 March 2021 2,431,041

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Classic cars 56,896 56,896

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,663,189 148,930
Amounts owed by associates - 36,615
Other debtors 9,893 56,809
Tax - 27,955
VAT 9,788 1,378
2,682,870 271,687

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 75,375 75,375
Hire purchase contracts 888,023 895,063
Trade creditors 40,347 4,483
Corporation tax 44,051 -
Social security and other taxes 5,923 10,804
Other creditors 19,905 1,354
Directors' current accounts 96,605 2,687
Accruals and deferred income 2,001,028 155,768
3,171,257 1,145,534

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 75,375 75,375
Bank loans - 2-5 years 207,174 226,124
Bank loans more 5 yr by instal 172,099 231,531
Hire purchase contracts 1,795,091 1,917,953
2,249,739 2,450,983

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2022 2021
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 172,099 231,531

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 530,023 608,405

11. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 686,000 558,080

Deferred
tax
£   
Balance at 1 April 2021 558,080
Provided during year 127,920
Balance at 31 March 2022 686,000

12. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
101 101