0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2023 - FRS102_2023 754,815 754,815 754,815 xbrli:pure xbrli:shares iso4217:GBP 11768375 2022-03-01 2023-02-28 11768375 2023-02-28 11768375 2022-02-28 11768375 2021-03-01 2022-02-28 11768375 2022-02-28 11768375 2021-02-28 11768375 bus:Director1 2022-03-01 2023-02-28 11768375 core:WithinOneYear 2023-02-28 11768375 core:WithinOneYear 2022-02-28 11768375 core:AfterOneYear 2022-02-28 11768375 core:ShareCapital 2023-02-28 11768375 core:ShareCapital 2022-02-28 11768375 core:RetainedEarningsAccumulatedLosses 2023-02-28 11768375 core:RetainedEarningsAccumulatedLosses 2022-02-28 11768375 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 11768375 core:Non-currentFinancialInstruments 2023-02-28 11768375 core:Non-currentFinancialInstruments 2022-02-28 11768375 bus:SmallEntities 2022-03-01 2023-02-28 11768375 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 11768375 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 11768375 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 11768375 bus:FullAccounts 2022-03-01 2023-02-28
COMPANY REGISTRATION NUMBER: 11768375
M & H BALL LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 February 2023
M & H BALL LTD
STATEMENT OF FINANCIAL POSITION
28 February 2023
2023
2022
Note
£
£
FIXED ASSETS
Investments
4
754,815
754,815
CURRENT ASSETS
Cash at bank and in hand
65
868
CREDITORS: amounts falling due within one year
5
745,617
386,487
-----------
-----------
NET CURRENT LIABILITIES
745,552
385,619
-----------
-----------
TOTAL ASSETS LESS CURRENT LIABILITIES
9,263
369,196
CREDITORS: amounts falling due after more than one year
6
360,400
--------
-----------
NET ASSETS
9,263
8,796
--------
-----------
M & H BALL LTD
STATEMENT OF FINANCIAL POSITION (continued)
28 February 2023
2023
2022
Note
£
£
CAPITAL AND RESERVES
Called up share capital
200
200
Profit and loss account
9,063
8,596
--------
--------
SHAREHOLDERS FUNDS
9,263
8,796
--------
--------
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 statement of income and retained earnings has not been delivered.
For the year ending 28th February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 October 2023 , and are signed on behalf of the board by:
Mr M J Ball
Director
Company registration number: 11768375
M & H BALL LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28th FEBRUARY 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 331 Garstang Road, Fulwood, Preston, PR2 9UP. The principal activity of the company during the period was the holding company of the group.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. INVESTMENTS
Shares in group undertakings
£
Cost
At 1st March 2022 and 28th February 2023
754,815
-----------
Impairment
At 1st March 2022 and 28th February 2023
-----------
Carrying amount
At 28th February 2023
754,815
-----------
At 28th February 2022
754,815
-----------
5. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
360,900
38,025
Amounts owed to group undertakings
382,254
346,026
Accruals and deferred income
2,354
1,513
Corporation tax
109
923
-----------
-----------
745,617
386,487
-----------
-----------
6. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
360,400
-----
-----------