2022-04-012023-03-312023-03-31false11754716MB FINISHINGS LTD2023-11-27iso4217:GBPxbrli:pure117547162022-04-01117547162023-03-31117547162022-04-012023-03-31117547162021-04-01117547162022-03-31117547162021-04-012022-03-3111754716bus:SmallEntities2022-04-012023-03-3111754716bus:AuditExempt-NoAccountantsReport2022-04-012023-03-3111754716bus:FullAccounts2022-04-012023-03-3111754716bus:PrivateLimitedCompanyLtd2022-04-012023-03-3111754716core:WithinOneYear2023-03-3111754716core:AfterOneYear2023-03-3111754716core:WithinOneYear2022-03-3111754716core:AfterOneYear2022-03-3111754716core:ShareCapital2023-03-3111754716core:SharePremium2023-03-3111754716core:RevaluationReserve2023-03-3111754716core:OtherReservesSubtotal2023-03-3111754716core:RetainedEarningsAccumulatedLosses2023-03-3111754716core:ShareCapital2022-03-3111754716core:SharePremium2022-03-3111754716core:RevaluationReserve2022-03-3111754716core:OtherReservesSubtotal2022-03-3111754716core:RetainedEarningsAccumulatedLosses2022-03-3111754716core:LandBuildings2023-03-3111754716core:PlantMachinery2023-03-3111754716core:Vehicles2023-03-3111754716core:FurnitureFittings2023-03-3111754716core:OfficeEquipment2023-03-3111754716core:NetGoodwill2023-03-3111754716core:IntangibleAssetsOtherThanGoodwill2023-03-3111754716core:ListedExchangeTraded2023-03-3111754716core:UnlistedNon-exchangeTraded2023-03-3111754716core:LandBuildings2022-03-3111754716core:PlantMachinery2022-03-3111754716core:Vehicles2022-03-3111754716core:FurnitureFittings2022-03-3111754716core:OfficeEquipment2022-03-3111754716core:NetGoodwill2022-03-3111754716core:IntangibleAssetsOtherThanGoodwill2022-03-3111754716core:ListedExchangeTraded2022-03-3111754716core:UnlistedNon-exchangeTraded2022-03-3111754716core:LandBuildings2022-04-012023-03-3111754716core:PlantMachinery2022-04-012023-03-3111754716core:Vehicles2022-04-012023-03-3111754716core:FurnitureFittings2022-04-012023-03-3111754716core:OfficeEquipment2022-04-012023-03-3111754716core:NetGoodwill2022-04-012023-03-3111754716core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111754716core:ListedExchangeTraded2022-04-012023-03-3111754716core:UnlistedNon-exchangeTraded2022-04-012023-03-3111754716core:MoreThanFiveYears2022-04-012023-03-3111754716core:Non-currentFinancialInstruments2023-03-3111754716core:Non-currentFinancialInstruments2022-03-3111754716dpl:CostSales2022-04-012023-03-3111754716dpl:DistributionCosts2022-04-012023-03-3111754716core:LandBuildings2022-04-012023-03-3111754716core:PlantMachinery2022-04-012023-03-3111754716core:Vehicles2022-04-012023-03-3111754716core:FurnitureFittings2022-04-012023-03-3111754716core:OfficeEquipment2022-04-012023-03-3111754716dpl:AdministrativeExpenses2022-04-012023-03-3111754716core:NetGoodwill2022-04-012023-03-3111754716core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3111754716dpl:GroupUndertakings2022-04-012023-03-3111754716dpl:ParticipatingInterests2022-04-012023-03-3111754716dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3111754716core:ListedExchangeTraded2022-04-012023-03-3111754716dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3111754716core:UnlistedNon-exchangeTraded2022-04-012023-03-3111754716dpl:CostSales2021-04-012022-03-3111754716dpl:DistributionCosts2021-04-012022-03-3111754716core:LandBuildings2021-04-012022-03-3111754716core:PlantMachinery2021-04-012022-03-3111754716core:Vehicles2021-04-012022-03-3111754716core:FurnitureFittings2021-04-012022-03-3111754716core:OfficeEquipment2021-04-012022-03-3111754716dpl:AdministrativeExpenses2021-04-012022-03-3111754716core:NetGoodwill2021-04-012022-03-3111754716core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-3111754716dpl:GroupUndertakings2021-04-012022-03-3111754716dpl:ParticipatingInterests2021-04-012022-03-3111754716dpl:GroupUndertakingscore:ListedExchangeTraded2021-04-012022-03-3111754716core:ListedExchangeTraded2021-04-012022-03-3111754716dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-04-012022-03-3111754716core:UnlistedNon-exchangeTraded2021-04-012022-03-3111754716core:NetGoodwill2023-03-3111754716core:IntangibleAssetsOtherThanGoodwill2023-03-3111754716core:LandBuildings2023-03-3111754716core:PlantMachinery2023-03-3111754716core:Vehicles2023-03-3111754716core:FurnitureFittings2023-03-3111754716core:OfficeEquipment2023-03-3111754716core:AfterOneYear2023-03-3111754716core:WithinOneYear2023-03-3111754716core:ListedExchangeTraded2023-03-3111754716core:UnlistedNon-exchangeTraded2023-03-3111754716core:ShareCapital2023-03-3111754716core:SharePremium2023-03-3111754716core:RevaluationReserve2023-03-3111754716core:OtherReservesSubtotal2023-03-3111754716core:RetainedEarningsAccumulatedLosses2023-03-3111754716core:NetGoodwill2022-03-3111754716core:IntangibleAssetsOtherThanGoodwill2022-03-3111754716core:LandBuildings2022-03-3111754716core:PlantMachinery2022-03-3111754716core:Vehicles2022-03-3111754716core:FurnitureFittings2022-03-3111754716core:OfficeEquipment2022-03-3111754716core:AfterOneYear2022-03-3111754716core:WithinOneYear2022-03-3111754716core:ListedExchange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MB FINISHINGS LTD

Registered Number
11754716
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

MB FINISHINGS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

BEDFORD, Mike
DITCHBURN, Claire Michelle

Registered Address

Unit 2 Alpha Orchard Industrial Estate
Toddington
Cheltenham
GL54 5EB

Registered Number

11754716 (England and Wales)
MB FINISHINGS LTD
Statement of Financial Position
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets66,9008,100
Tangible assets7119,557117,322
126,457125,422
Current assets
Stocks84,5003,700
Debtors972,29549,245
Cash at bank and on hand39,57115,997
116,36668,942
Creditors amounts falling due within one year10(66,301)(85,373)
Net current assets (liabilities)50,065(16,431)
Total assets less current liabilities176,522108,991
Creditors amounts falling due after one year11(65,283)(54,907)
Net assets111,23954,084
Capital and reserves
Called up share capital1010
Profit and loss account111,22954,074
Shareholders' funds111,23954,084
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2023, and are signed on its behalf by:
BEDFORD, Mike
Director
Registered Company No. 11754716
MB FINISHINGS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principle activity of the company in the year under review was that of the treatment and coating of metals.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Intangible assets policy
Goodwill, being the amount paid in connection with the transfer of the business in 2019, is being amortised evenly over its estimated useful life of ten years.
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year55
6.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2212,00012,000
At 31 March 2312,00012,000
Amortisation and impairment
At 01 April 223,9003,900
Charge for year1,2001,200
At 31 March 235,1005,100
Net book value
At 31 March 236,9006,900
At 31 March 228,1008,100
7.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 22163,4182,9581,454167,830
Additions26,8943,9973,61034,501
At 31 March 23190,3126,9555,064202,331
Depreciation and impairment
At 01 April 2248,3091,33286750,508
Charge for year30,76773276732,266
At 31 March 2379,0762,0641,63482,774
Net book value
At 31 March 23111,2364,8913,430119,557
At 31 March 22115,1091,626587117,322
8.Stocks

2023

2022

££
Raw materials and consumables4,5003,700
Total4,5003,700
9.Debtors

2023

2022

££
Trade debtors / trade receivables58,24535,517
Other debtors-3,379
Prepayments and accrued income14,05010,349
Total72,29549,245
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2023

2022

££
Trade creditors / trade payables16,69047,080
Bank borrowings and overdrafts1,370-
Taxation and social security37,5386,827
Other creditors10,66731,327
Accrued liabilities and deferred income36139
Total66,30185,373
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2023

2022

££
Bank borrowings and overdrafts39,89945,370
Other creditors25,3849,537
Total65,28354,907
12.Finance lease and HP contracts after one year

2023

2022

££
Finance lease and HP contracts25,3849,536