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Registered Number: 08232523
England and Wales

 

 

 

MB ELECTRICS (SW) LTD


Abridged Accounts
 


Period of accounts

Start date: 01 October 2022

End date: 30 September 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,999    3,799 
2,999    3,799 
Current assets      
Stocks 2,635    2,400 
Debtors 5,544    2,864 
Cash at bank and in hand 6,639    3,127 
14,818    8,391 
Creditors: amount falling due within one year (3,808)   (19,660)
Net current assets 11,010    (11,269)
 
Total assets less current liabilities 14,009    (7,470)
Creditors: amount falling due after more than one year (21,041)  
Net assets (7,032)   (7,470)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (7,132)   (7,570)
Shareholder's funds (7,032)   (7,470)
 


For the year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 April 2024 and were signed by:


-------------------------------
Peter Bulled
Director
1
General Information
MB ELECTRICS (SW) LTD is a private company, limited by shares, registered in England and Wales, registration number 08232523, registration address 52 CLARE STREET, BRIDGWATER , SOMERSET, TA6 3EN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20 Reducing Balance
Motor Vehicles 25 Reducing Balance
Computer Equipment 33 Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 October 2022 1,118    28,517    522    30,157 
Additions      
Disposals      
At 30 September 2023 1,118    28,517    522    30,157 
Depreciation
At 01 October 2022 1,068    24,768    522    26,358 
Charge for year 50    750      800 
On disposals      
At 30 September 2023 1,118    25,518    522    27,158 
Net book values
Closing balance as at 30 September 2023   2,999      2,999 
Opening balance as at 01 October 2022 50    3,749      3,799 


2