Caseware UK (AP4) 2022.0.179 2022.0.179 2023-09-302023-09-30122022-10-01falseNo description of principal activity6falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13733899 2022-10-01 2023-09-30 13733899 2021-11-10 2022-09-30 13733899 2023-09-30 13733899 2022-09-30 13733899 c:Director2 2022-10-01 2023-09-30 13733899 d:PlantMachinery 2022-10-01 2023-09-30 13733899 d:PlantMachinery 2023-09-30 13733899 d:PlantMachinery 2022-09-30 13733899 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13733899 d:MotorVehicles 2022-10-01 2023-09-30 13733899 d:MotorVehicles 2023-09-30 13733899 d:MotorVehicles 2022-09-30 13733899 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13733899 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 13733899 d:CurrentFinancialInstruments 2023-09-30 13733899 d:CurrentFinancialInstruments 2022-09-30 13733899 d:Non-currentFinancialInstruments 2023-09-30 13733899 d:Non-currentFinancialInstruments 2022-09-30 13733899 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 13733899 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 13733899 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 13733899 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 13733899 d:ShareCapital 2023-09-30 13733899 d:ShareCapital 2022-09-30 13733899 d:RetainedEarningsAccumulatedLosses 2023-09-30 13733899 d:RetainedEarningsAccumulatedLosses 2022-09-30 13733899 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 13733899 d:AcceleratedTaxDepreciationDeferredTax 2022-09-30 13733899 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 13733899 d:TaxLossesCarry-forwardsDeferredTax 2022-09-30 13733899 c:FRS102 2022-10-01 2023-09-30 13733899 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 13733899 c:FullAccounts 2022-10-01 2023-09-30 13733899 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 13733899 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 13733899 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 13733899 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 13733899 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 iso4217:GBP xbrli:pure
Company registration number: 13733899







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2023


MBM SCAFFOLDING LIMITED






































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MBM SCAFFOLDING LIMITED
REGISTERED NUMBER:13733899



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
555,426
222,055

  
555,426
222,055

Current assets
  

Debtors
 5 
824,603
136,674

Cash at bank and in hand
 6 
9,173
20,406

  
833,776
157,080

Creditors: amounts falling due within one year
 7 
(1,227,509)
(411,599)

Net current liabilities
  
 
 
(393,733)
 
 
(254,519)

Total assets less current liabilities
  
161,693
(32,464)

Creditors: amounts falling due after more than one year
 8 
(181,604)
-

  

Net liabilities
  
(19,911)
(32,464)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(20,011)
(32,564)

  
(19,911)
(32,464)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 March 2024.

M Caswell
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 


MBM SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

MBM Scaffolding 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.
The presentation currency of the financial statements is the Pound Sterling (£).
The comparative period shown in the financial statements is from 10 November 2021 to 30 September 2022. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102 Section 1A, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
 

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 2

 


MBM SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


MBM SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery
-
5%- 33% Straight line method
Motor vehicles
-
20% Straight line method


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
12
6


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 October 2022
236,558
-
236,558


Additions
279,314
125,245
404,559



At 30 September 2023

515,872
125,245
641,117



Depreciation


At 1 October 2022
14,503
-
14,503


Charge for the year on owned assets
57,463
13,725
71,188



At 30 September 2023

71,966
13,725
85,691



Net book value



At 30 September 2023
443,906
111,520
555,426



At 30 September 2022
222,055
-
222,055

Page 4

 


MBM SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Debtors

2023
2022
£
£



Trade debtors
551,776
98,105

Other debtors
122,438
6,769

Prepayments and accrued income
103,963
7,674

Deferred taxation
46,426
24,126

824,603
136,674



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
9,173
20,406

9,173
20,406



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
105,000
176,500

Trade creditors
775,332
55,703

Other taxation and social security
12,657
13,235

Obligations under finance lease and hire purchase contracts
130,125
-

Other creditors
158,780
158,780

Accruals and deferred income
45,615
7,381

1,227,509
411,599



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
181,604
-

181,604
-


Page 5

 


MBM SCAFFOLDING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
130,125
-

Between 1-5 years
181,604
-

311,729
-


10.


Deferred taxation




2023


£






At beginning of year
24,126


Utilised in year
22,300



At end of year
46,426

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(134,863)
(42,191)

Tax losses carried forward
181,289
66,317

46,426
24,126

 
Page 6