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REGISTERED NUMBER: NI611407 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

MB Construction & Refrigeration Ltd.

MB Construction & Refrigeration Ltd. (Registered number: NI611407)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


MB Construction & Refrigeration Ltd.

Company Information
for the Year Ended 28 February 2023







DIRECTORS: M J Brogden
Mrs L Brogden



REGISTERED OFFICE: 19 Tannaghmore Road
Markethill
Co. Armagh
BT60 1QW



REGISTERED NUMBER: NI611407 (Northern Ireland)



ACCOUNTANTS: WHR Accountants Ltd
Chartered Certified Accountants
Statutory Auditors
56 English Street
Armagh
Co. Armagh
BT61 7LG



SOLICITORS: G Maguire Solicitors
8 Thomas Street
Portadown
BT62 3NP

MB Construction & Refrigeration Ltd. (Registered number: NI611407)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 136,106 98,766
136,106 98,766

CURRENT ASSETS
Debtors 148,033 68,168
Cash at bank 191,589 132,969
339,622 201,137
CREDITORS
Amounts falling due within one year 75,188 64,039
NET CURRENT ASSETS 264,434 137,098
TOTAL ASSETS LESS CURRENT LIABILITIES 400,540 235,864

CREDITORS
Amounts falling due after more than one year (122,303 ) (81,924 )

PROVISIONS FOR LIABILITIES (25,828 ) (13,875 )
NET ASSETS 252,409 140,065

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 252,407 140,063
SHAREHOLDERS' FUNDS 252,409 140,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

MB Construction & Refrigeration Ltd. (Registered number: NI611407)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





M J Brogden - Director


MB Construction & Refrigeration Ltd. (Registered number: NI611407)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

MB Construction & Refrigeration Ltd. is a private company, limited by shares , registered in Northern Ireland. 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.

First-time adoption of FRS 102

The company has adopted FRS 102 for the first time in the year ended 28th February 2017. The date of transition to FRS 102 is 1st March 2015.

There are no consequential changes in accounting policies or transition adjustments to note resulting from adoption of FRS 102 from the previous financial reporting framework.

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 2012, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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.

MB Construction & Refrigeration Ltd. (Registered number: NI611407)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 10,000
AMORTISATION
At 1 March 2022
and 28 February 2023 10,000
NET BOOK VALUE

At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 213,237
Additions 82,708
At 28 February 2023 295,945
DEPRECIATION
At 1 March 2022 114,471
Charge for year 45,368
At 28 February 2023 159,839
NET BOOK VALUE
At 28 February 2023 136,106
At 28 February 2022 98,766