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REGISTERED NUMBER: 05584007 (England and Wales)
















Financial Statements

for the Year Ended 31 December 2023

for

M B Industrial Limited

M B Industrial Limited (Registered number: 05584007)

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










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


M B Industrial Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M P Barnes
Mrs F Barnes





SECRETARY: Mrs F Barnes





REGISTERED OFFICE: 701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT





REGISTERED NUMBER: 05584007 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M B Industrial Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes 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 as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company 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 financial statements of the Company. 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 financial statements.






GCSD Accountants Limited


28 February 2024

M B Industrial Limited (Registered number: 05584007)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1

CURRENT ASSETS
Stocks 6,426 6,117
Debtors 5 50,758 45,102
Cash at bank 95,756 87,606
152,940 138,825
CREDITORS
Amounts falling due within one year 6 40,295 37,889
NET CURRENT ASSETS 112,645 100,936
TOTAL ASSETS LESS CURRENT
LIABILITIES

112,646

100,937

CREDITORS
Amounts falling due after more than
one year

7

7,937

12,699
NET ASSETS 104,709 88,238

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 103,709 87,238
SHAREHOLDERS' FUNDS 104,709 88,238

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

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

M B Industrial Limited (Registered number: 05584007)

Balance Sheet - continued
31 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 28 February 2024 and were signed on its behalf by:




Mrs F Barnes - Director



M P Barnes - Director


M B Industrial Limited (Registered number: 05584007)

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


1. STATUTORY INFORMATION

M B Industrial Limited 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
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

M B Industrial Limited (Registered number: 05584007)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 1 694 695
DEPRECIATION
At 1 January 2023
and 31 December 2023 - 694 694
NET BOOK VALUE
At 31 December 2023 1 - 1
At 31 December 2022 1 - 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,025 15,800
Other debtors 30,733 29,302
50,758 45,102

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,762 4,762
Trade creditors 6,502 2,423
Taxation and social security 27,831 29,504
Other creditors 1,200 1,200
40,295 37,889

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 7,937 12,699

M B Industrial Limited (Registered number: 05584007)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
700 Ordinary A £1 700 700
300 Ordinary B £1 300 300
1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mrs F Barnes and M P Barnes
Balance outstanding at start of year 29,302 25,501
Amounts advanced 68,733 78,502
Amounts repaid (67,302 ) (74,701 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,733 29,302

Interest has been charged on the overdrawn director's loan account at 2%. The overdrawn balance is repaid within 9 months of the year-end.