Registered number
08219963
MB WOODCRAFT LIMITED
Filleted Accounts
30 September 2023
MB WOODCRAFT LIMITED
Registered number: 08219963
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 123,576 134,780
Current assets
Stocks 12,500 12,500
Debtors 4 26,969 19,915
Cash at bank 11,677 31,578
51,146 63,993
Creditors: amounts falling due within one year 5 (105,625) (109,335)
Net current liabilities (54,479) (45,342)
Total assets less current liabilities 69,097 89,438
Creditors: amounts falling due after more than one year 6 (26,822) (52,396)
Net assets 42,275 37,042
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,175 36,942
Shareholder's funds 42,275 37,042
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Balcer
Director
Approved by the board on 21 February 2024
MB WOODCRAFT LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 10% on the reducing balance basis
Motor vehicles 20% on the reducing balance basis
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 October 2022 185,952 26,000 211,952
Additions 4,600 - 4,600
At 30 September 2023 190,552 26,000 216,552
Depreciation
At 1 October 2022 69,830 7,342 77,172
Charge for the year 12,072 3,732 15,804
At 30 September 2023 81,902 11,074 92,976
Net book value
At 30 September 2023 108,650 14,926 123,576
At 30 September 2022 116,122 18,658 134,780
4 Debtors 2023 2022
£ £
Trade debtors 26,969 19,915
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors and accruals 11,799 14,572
Taxation 1,682 11,214
Director's loan account 92,144 83,549
105,625 109,335
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loan 21,494 29,355
Obligation under hire purchase contract 5,328 23,041
26,822 52,396
7 Other information
MB WOODCRAFT LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
6 Drewton Avenue
Heysham
Morecambe
LA3 1NU
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