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Company Registration No. 06733767 (England and Wales)
MBS Farriers Limited Unaudited accounts for the year ended 31 October 2023
MBS Farriers Limited Unaudited accounts Contents
Page
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MBS Farriers Limited Company Information for the year ended 31 October 2023
Director
Mr Michael Smith
Company Number
06733767 (England and Wales)
Registered Office
2 MANOR COTTAGES WIVELISCOMBE TAUNTON SOMERSET TA4 2TH
Accountants
Monksilver GP Ltd The Old Schoolhouse Monksilver Taunton Somerset TA4 4HY
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MBS Farriers Limited Accountants' report
Accountants' report to the director of MBS Farriers Limited on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of MBS Farriers Limited for the year ended 31 October 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of MBS Farriers Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of MBS Farriers Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MBS Farriers Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that MBS Farriers Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of MBS Farriers Limited. You consider that MBS Farriers 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 accounts of MBS Farriers 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 accounts.
Monksilver GP Ltd The Old Schoolhouse Monksilver Taunton Somerset TA4 4HY 9 March 2024
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MBS Farriers Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,356 
13,970 
Current assets
Inventories
4,200 
4,000 
Debtors
2,920 
2,720 
Cash at bank and in hand
5,793 
4,508 
12,913 
11,228 
Creditors: amounts falling due within one year
(3,782)
(4,203)
Net current assets
9,131 
7,025 
Net assets
21,487 
20,995 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
21,485 
20,993 
Shareholders' funds
21,487 
20,995 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 9 March 2024 and were signed on its behalf by
Mr Michael Smith Director Company Registration No. 06733767
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MBS Farriers Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
MBS Farriers Limited is a private company, limited by shares, registered in England and Wales, registration number 06733767. The registered office is 2 MANOR COTTAGES, WIVELISCOMBE, TAUNTON, SOMERSET, TA4 2TH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
6,484 
40,688 
2,567 
49,739 
Additions
1,099 
- 
- 
1,099 
At 31 October 2023
7,583 
40,688 
2,567 
50,838 
Depreciation
At 1 November 2022
3,000 
30,857 
1,912 
35,769 
Charge for the year
825 
1,770 
118 
2,713 
At 31 October 2023
3,825 
32,627 
2,030 
38,482 
Net book value
At 31 October 2023
3,758 
8,061 
537 
12,356 
At 31 October 2022
3,484 
9,831 
655 
13,970 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,920 
2,720 
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MBS Farriers Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
625 
625 
Taxes and social security
2,757 
3,178 
Accruals
400 
400 
3,782 
4,203 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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