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REGISTERED NUMBER: 07151043 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

MBA EXHIBITIONS LIMITED

MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBA EXHIBITIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr P M Wilson
Mr H Palmer





REGISTERED OFFICE: 7 Stoney Lane
Thurston
Bury St Edmunds
Suffolk
IP31 3SE





REGISTERED NUMBER: 07151043 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,373 5,281

CURRENT ASSETS
Stocks 5 5,084 5,113
Debtors 6 6,471 20,110
Cash at bank 35,734 22,113
47,289 47,336
CREDITORS
Amounts falling due within one year 7 35,715 28,380
NET CURRENT ASSETS 11,574 18,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,947

24,237

CREDITORS
Amounts falling due after more than one
year

8

(13,333

)

(22,779

)

PROVISIONS FOR LIABILITIES (641 ) (1,003 )
NET ASSETS 973 455

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 873 355
973 455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





Mr P M Wilson - Director


MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

MBA Exhibitions 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 & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Plant & Motor Office
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,259 22,000 4,342 41,601
Additions 245 - - 245
Disposals (4,762 ) - - (4,762 )
At 31 March 2024 10,742 22,000 4,342 37,084
DEPRECIATION
At 1 April 2023 13,695 19,389 3,236 36,320
Charge for year 325 653 148 1,126
Eliminated on disposal (5,969 ) - 2,234 (3,735 )
At 31 March 2024 8,051 20,042 5,618 33,711
NET BOOK VALUE
At 31 March 2024 2,691 1,958 (1,276 ) 3,373
At 31 March 2023 1,564 2,611 1,106 5,281

5. STOCKS
2024 2023
£    £   
Stocks 5,084 5,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,180 14,560
Other debtors 36 2,061
Director's current account - 1,692
Prepayments 2,255 1,797
6,471 20,110

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 9,721
Trade creditors 2,132 2,576
Corporation tax 7,036 8,191
VAT 7,040 5,861
Other creditors - 78
Director's current account 8,027 3
Accrued expenses 1,480 1,950
35,715 28,380

MBA EXHIBITIONS LIMITED (REGISTERED NUMBER: 07151043)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 13,333 22,779

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,200 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bounce Back Loan 23,333 32,500

The Bounce Back Loan is secured by the UK government.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr P M Wilson
Balance outstanding at start of year 1,692 2,781
Amounts advanced - 2,223
Amounts repaid (1,692 ) (3,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,692