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M B CONTRACTORS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2023




















Company Registration Number - 03190779






















1.
M B CONTRACTORS LIMITED
COMPANY NUMBER - 03190779

Balance sheet as at 31 March 2023





2023
2022

Notes
£ £ £ £
FIXED ASSETS

Tangible assets 4
800
-

Investments 5
110,776
640,000





111,576
640,000

Current assets


Debtors 6 131,289
-

Cash at bank and in hand
205,471
31,872




336,760
31,872

Current liabilities

Creditors - Amounts
falling due within one year 7 269,638
29,102


NET CURRENT ASSETS

67,122
2,770


Total assets less current liabilities

178,698
642,770


Creditors - Amounts falling

due after more than one year 7
-
(508,242)


Net assets

178,698
134,528





2.
M B CONTRACTORS LIMITED
COMPANY NUMBER - 03190779

Balance sheet as at 31 March 2023





2023
2022



----
----

Notes
£
£
CAPITAL AND RESERVES

Called up share capital 8
20
20

Profit and Loss account

178,678
134,508


Shareholders' funds

178,698
134,528



These financial statements have been prepared in accordance with the provisions of FRS102 Section 1A of the Companies Act 2006 relating to small companies.
In accordance with section 444 of the Companies Act 2006, the directors' report and the profit and loss account have not been delivered.

For the financial year ended 31 March 2023, the company was entitled to exemption from audit under section 477 of the Companies Act 2006; and no notice has been deposited under section 476.

The members have not required the company to obtain an audit.


The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.


Approved by the board of directors on 26 October 2023
and signed on their behalf by:


MR M BETTY

The notes on pages 3 to 5 form an integral part of these accounts.


3.
M B CONTRACTORS LIMITED

Notes to the Financial Statements

For the year ended 31 March 2023


1. General Information

M B CONTRACTORS LIMITED is a Private Company, limited by shares, domiciled in England and Wales, registration number 03190779.


The company's registered office is Brunswick House, 1 Weirfield Green, Taunton, Somerset TA1 1AZ.


2. Accounting policies

Basis of accounting

The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102, section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.


Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.


Tangible fixed assets and depreciation

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery - 25% reducing balance


Company properties

The properties are valued annually by the directors at the end of the financial year on an open market basis assuming they are tenanted, with the company's share of any resulting surplus or deficit being transferred to the revaluation reserve.


3. Employees

The average number of persons employed by the company (including dirctors) during the year was 1
and in 2022 was 1


4.
M B CONTRACTORS LIMITED

Notes to the Financial Statements

For the year ended 31 March 2023


4. Fixed assets - tangible

Plant and

Machinery

etc.


Fair value £
At 1 April 2022 525
Additions 1,200

At 31 March 2023 1,725


Depreciation
At 1 April 2022 525
Charge for year 400

At 31 March 2023 925


Net book values
At 31 March 2023 800



5. Fixed assets - investments

Unlisted

Investments

£
Cost
At 1 April 2022 640,000
Additions 226,000
Disposals 755,224

At 31 March 2023 110,776






2023
2022


----
----


£
£
6. Debtors

Due within one year:



Trade debtors 131,289
-




5.
M B CONTRACTORS LIMITED

Notes to the Financial Statements

For the year ended 31 March 2023




2023
2022


----
----


£
£
7. Creditors

Amounts falling due within one year:



Trade creditors 14,226
5,285
Taxation and social security -
4,085
Director's Current Accounts 255,412
19,732


269,638 29,102



Amounts falling due after one year:



Other creditors:



Secured bank loan -
508,242




8. Called up share capital

There was no change in share capital during the year.


Allotted, called up and fully paid



Ordinary shares of £1 each 20
20


9. Related party transactions

Advance from directors

The company owed the director £255412 (2022 - £19732) as at the 31 March 2023. The loan is interest free and has no fixed term for repayment.


10. Control

Mr M Betty, a director, controls the company by virtue of a majority shareholding.