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REGISTERED NUMBER: 10052909 (England and Wales)















Financial Statements for the Year Ended 31st December 2023

for

MBLOC Ltd

MBLOC Ltd (Registered number: 10052909)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBLOC Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: Mr D M Howard
Mrs D J Howard





REGISTERED OFFICE: Ground Floor
Southway House
29 Southway
Colchester
Essex
CO2 7BA





REGISTERED NUMBER: 10052909 (England and Wales)

MBLOC Ltd (Registered number: 10052909)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,141 5,141
Tangible assets 5 25,012 28,948
30,153 34,089

CURRENT ASSETS
Stocks and work in progress 7,511 66,102
Debtors 6 178,220 15,197
Cash at bank 12,595 204,832
198,326 286,131
CREDITORS
Amounts falling due within one year 7 138,370 165,414
NET CURRENT ASSETS 59,956 120,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,109

154,806

CREDITORS
Amounts falling due after more than one
year

8

(17,339

)

(30,211

)

PROVISIONS FOR LIABILITIES (206 ) (5,500 )
NET ASSETS 72,564 119,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,464 118,995
SHAREHOLDERS' FUNDS 72,564 119,095

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

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

MBLOC Ltd (Registered number: 10052909)

Balance Sheet - continued
31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8th April 2024 and were signed on its behalf by:





Mr D M Howard - Director


MBLOC Ltd (Registered number: 10052909)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

MBLOC Ltd is a private company, limited by shares , registered in England and Wales. 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks and work in progress to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

MBLOC Ltd (Registered number: 10052909)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st January 2023
and 31st December 2023 5,141
NET BOOK VALUE
At 31st December 2023 5,141
At 31st December 2022 5,141

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 9,600 22,865 3,675 36,140
Additions 3,980 - - 3,980
At 31st December 2023 13,580 22,865 3,675 40,120
DEPRECIATION
At 1st January 2023 855 6,045 292 7,192
Charge for year 2,865 4,205 846 7,916
At 31st December 2023 3,720 10,250 1,138 15,108
NET BOOK VALUE
At 31st December 2023 9,860 12,615 2,537 25,012
At 31st December 2022 8,745 16,820 3,383 28,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,942
Other debtors 178,220 13,255
178,220 15,197

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,872 2,601
Trade creditors 1,920 1,689
Taxation and social security (4,151 ) 8,876
Other creditors 127,729 142,248
138,370 165,414

MBLOC Ltd (Registered number: 10052909)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 3,172 6,044
17,339 30,211

9. RELATED PARTY DISCLOSURES

Mr & Mrs Howard & Miss R Howard are the sole shareholders of Maple Commercial Group Ltd. The amount due to the company from Maple Commercial Group Ltd at the year end was £173,738 (2022: £10,830).

The director, Mr D Howard, was owed nil (2022: £4).

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs D Howard.