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REGISTERED NUMBER: 06685189 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

MB BUILDERS & JOINERY LIMITED

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MB BUILDERS & JOINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: M Biggs
Ms J A Staniforth





REGISTERED OFFICE: Woodlands, Piccadilly Road,
Chesterfield,
Derbyshire
S41 0EH





REGISTERED NUMBER: 06685189 (England and Wales)





ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,095 50,795
48,095 50,795

CURRENT ASSETS
Stocks - 400
Debtors 6 69,676 48,676
Cash at bank and in hand 24,041 24,041
93,717 73,117
CREDITORS
Amounts falling due within one year 7 94,622 69,622
NET CURRENT (LIABILITIES)/ASSETS (905 ) 3,495
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,190

54,290

CREDITORS
Amounts falling due after more than one
year

8

(31,425

)

(41,024

)

PROVISIONS FOR LIABILITIES (3,922 ) (4,435 )
NET ASSETS 11,843 8,831

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,841 8,829
SHAREHOLDERS' FUNDS 11,843 8,831

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

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

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

BALANCE SHEET - continued
31 OCTOBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:




M Biggs - Director



Ms J A Staniforth - Director


MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

MB Builders & Joinery 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 20,000
AMORTISATION
At 1 November 2022
and 31 October 2023 20,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 17,752 2,969 80,294 101,015
Additions 5,250 - - 5,250
At 31 October 2023 23,002 2,969 80,294 106,265
DEPRECIATION
At 1 November 2022 6,752 2,374 41,094 50,220
Charge for year - 100 7,850 7,950
At 31 October 2023 6,752 2,474 48,944 58,170
NET BOOK VALUE
At 31 October 2023 16,250 495 31,350 48,095
At 31 October 2022 11,000 595 39,200 50,795

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2022
and 31 October 2023 36,711
DEPRECIATION
At 1 November 2022 17,511
Charge for year 3,850
At 31 October 2023 21,361
NET BOOK VALUE
At 31 October 2023 15,350
At 31 October 2022 19,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,505 9,505
Amounts recoverable on contract 38,000 17,000
Value added tax 19,082 19,082
Prepayments 3,089 3,089
69,676 48,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 6,027 6,027
Trade creditors 49,146 36,646
Corporation tax 2,620 2,620
PAYE & national insurance 2,650 2,650
Other creditors 9,126 2,876
Directors' current accounts 21,084 14,834
Accrued expenses 3,969 3,969
94,622 69,622

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 2-5 years 31,425 35,729
Hire purchase contracts - 5,295
31,425 41,024

MB BUILDERS & JOINERY LIMITED (REGISTERED NUMBER: 06685189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

9. ULTIMATE CONTROLLING PARTY



The company is controlled jointly by Mr. M. Biggs (director) and Mrs. J. Staniforth (director) by virtue that each owns 50% of the companies issued shares.