MBCtech Ltd 08740216 construction and building surveys and technology false 1 April 2022 08740216 2022-04-01 2023-03-31 08740216 2022-03-31 08740216 2023-03-31 08740216 2021-04-01 2022-03-31 08740216 2021-03-31 08740216 2022-03-31 08740216 frs102-bus:FRS102 2022-04-01 2023-03-31 08740216 frs102-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08740216 frs102-bus:FullAccounts 2022-04-01 2023-03-31 08740216 frs102-bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08740216 frs102-core:CurrentFinancialInstruments 2023-03-31 08740216 frs102-core:CurrentFinancialInstruments 2022-03-31 08740216 frs102-core:Non-currentFinancialInstruments 2023-03-31 08740216 frs102-core:Non-currentFinancialInstruments 2022-03-31 08740216 frs102-core:ShareCapital 2023-03-31 08740216 frs102-core:ShareCapital 2022-03-31 08740216 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 08740216 frs102-core:RetainedEarningsAccumulatedLosses 2022-03-31 08740216 frs102-bus:Director1 2022-04-01 2023-03-31 08740216 frs102-core:ComputerEquipment 2022-04-01 2023-03-31 08740216 frs102-core:ToolsEquipment 2022-04-01 2023-03-31 08740216 frs102-core:PlantMachinery 2022-04-01 2023-03-31 08740216 frs102-core:OtherResidualIntangibleAssets 2022-03-31 08740216 frs102-core:OtherResidualIntangibleAssets 2023-03-31 08740216 frs102-core:OtherResidualIntangibleAssets 2022-04-01 2023-03-31 08740216 frs102-core:OtherResidualIntangibleAssets 2022-03-31 08740216 frs102-core:ComputerEquipment 2022-03-31 08740216 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-03-31 08740216 frs102-core:PlantMachinery 2022-03-31 08740216 frs102-core:ComputerEquipment 2023-03-31 08740216 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-03-31 08740216 frs102-core:PlantMachinery 2023-03-31 08740216 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-04-01 2023-03-31 08740216 frs102-core:ComputerEquipment 2022-03-31 08740216 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2022-03-31 08740216 frs102-core:PlantMachinery 2022-03-31 08740216 frs102-bus:OrdinaryShareClass1 2023-03-31 08740216 frs102-bus:OrdinaryShareClass1 2022-03-31 08740216 frs102-bus:OrdinaryShareClass1 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
08740216
MBCtech Ltd
Unaudited Accounts
for the year ended
31 March 2023
MBCtech Ltd
Balance Sheet
as at 31 March 2023
Notes
2023
£
2022
£
Fixed assets
Intangible assets 3 438 866
Tangible assets 4 39,749 48,881
40,187 49,747
Current assets
Debtors 5 8,418 8,230
Cash at bank and in hand 37 1,168
8,455 9,398
Prepayments and accrued income: 665 0
Creditors: amounts falling due within one year (96,271) (99,037)
Net current assets / (liabilities) (87,151) (89,639)
Total assets less current liabilities (46,964) (39,892)
Creditors: amounts falling due after more than one year 6 (18,259) (16,791)
Provisions for liabilities (0) (0)
Accruals and deferred income (600) (600)
Total net assets (liabilities) (65,823) (57,283)
Capital and reserves
Called up share capital 7 100 100
Profit and loss account (65,923) (57,383)
Shareholders' funds (65,823) (57,283)

MBCtech Ltd
Balance Sheet
as at 31 March 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr M Bello-Cano

Director


Approved by the board on 19 January 2024

Company Number: 08740216 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

192 The Broadway
North Shields
Tyne And Wear
NE30 3RY

MBCtech Ltd
Notes to the Accounts
for the year ended 31 March 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The company is funded by a loan from the director. The director has considered the next 12 months and due to the director's continued support by way of the loan, the director has considered it appropriate to prepare the financial statements on the going concern basis.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer refunds and other similar allowances. Revenue from the sale of services is recognised when services are provided.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Computer equipment 10% Straight Line
Equipment 10% Straight Line
Plant & machinery 10% Straight Line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives.
Foreign currencies
Transactions in foreign currencies other than the functional currency of the company are recorded at the rate of exchange on the date the transaction occurred. Monetary assets and liabilities in foreign currencies are translated at the rates prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items measured at historic cost in a foreign currency are recorded at that historic value.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2023 2022
Average number of employees during the period 1 1

3. Intangible fixed assets
Other Total
Cost £ £
At 1 April 2022 4,275 4,275
At 31 March 2023 4,275 4,275
Amortisation
At 1 April 2022 3,409 3,409
Provided during the period 428 428
At 31 March 2023 3,837 3,837
Net book value
At 31 March 2023 438 438
At 31 March 2022 866 866

4. Tangible fixed assets
Computer equipment Equipment Plant & machinery Total
Cost or valuation £ £ £ £
At 1 April 2022 29,004 20,026 42,288 91,318
At 31 March 2023 29,004 20,026 42,288 91,318
Depreciation
At 1 April 2022 15,213 8,895 18,329 42,437
Charge for the period 2,900 2,003 4,229 9,132
At 31 March 2023 18,113 10,898 22,558 51,569
Net book value
At 31 March 2023 10,891 9,128 19,730 39,749
At 31 March 2022 13,791 11,131 23,959 48,881

5. Debtors
2023 2022
£ £
Trade debtors 8,418 6,354
Other debtors 0 1,876
8,418 8,230

6. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 18,259 16,791
18,259 16,791

7. Share capital
2023 2022
£ £
Allotted, called up and fully paid:
100 (2022: 100) Ordinary shares of £1.00 each 100 100
100 100