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REGISTERED NUMBER: 03917119 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

M. B. DISTRIBUTION LIMITED

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Chartered Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


M. B. DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: M Bates





SECRETARY: Miss H Walker





REGISTERED OFFICE: Unit 6
Central Avenue
Cradley Heath
West Midlands
B64 7BY





REGISTERED NUMBER: 03917119 (England and Wales)





ACCOUNTANTS: French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
M. B. DISTRIBUTION LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M. B. Distribution Limited for the year ended 31st January 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of M. B. Distribution Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M. B. Distribution Limited and state those matters that we have agreed to state to the director of M. B. Distribution Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that M. B. Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of M. B. Distribution Limited. You consider that M. B. Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M. B. Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






French Ludlam & Co Limited
Mountfield House
661 High Street
Kingswinford
West Midlands
DY6 8AL


25th October 2023

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 3 317,820 327,002

CURRENT ASSETS
Stocks 14,282 -
Debtors 4 644,972 519,304
Cash at bank and in hand 3,566,366 3,320,005
4,225,620 3,839,309
CREDITORS
Amounts falling due within one year 5 3,239,183 2,600,937
NET CURRENT ASSETS 986,437 1,238,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,304,257

1,565,374

PROVISIONS FOR LIABILITIES 60,319 62,047
NET ASSETS 1,243,938 1,503,327

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,243,838 1,503,227
SHAREHOLDERS' FUNDS 1,243,938 1,503,327

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 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.

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 2023


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 25th October 2023 and were signed by:





M Bates - Director


M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. 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.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment and fixtures - 20% on reducing balance

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

1. ACCOUNTING POLICIES - continued

Government grants
Grants relating to revenue costs are credited to the profit and loss account in line with the relevant costs.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 34 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1st February 2022 920,199
Additions 125,708
Disposals (169,700 )
At 31st January 2023 876,207
DEPRECIATION
At 1st February 2022 593,197
Charge for year 93,847
Eliminated on disposal (128,657 )
At 31st January 2023 558,387
NET BOOK VALUE
At 31st January 2023 317,820
At 31st January 2022 327,002

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

Plant and
machinery
etc
£
COST
At 1st February 2022 75,456
Transfer to ownership (75,456 )
At 31st January 2023 -
DEPRECIATION
At 1st February 2022 43,624
Transfer to ownership (43,624 )
At 31st January 2023 -
NET BOOK VALUE
At 31st January 2023 -
At 31st January 2022 31,832

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 598,864 426,570
Amounts owed by group undertakings 653 -
Other debtors 45,455 92,734
644,972 519,304

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 6) - 16,234
Trade creditors 181,770 98,572
Amounts owed to group undertakings 2,519,507 1,970,000
Taxation and social security 152,411 137,050
Other creditors 385,495 379,081
3,239,183 2,600,937

6. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year - 16,234

Non-cancellable
operating leases
2023 2022
£ £
Within one year 169,243 282,700
Between one and five years 97,366 204,629
266,609 487,329

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts - 16,234

Hire purchase liabilities are secured against the assets to which they relate.

M. B. DISTRIBUTION LIMITED (REGISTERED NUMBER: 03917119)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is M Bates.