IRIS Accounts Production v24.1.4.33 SC308348 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3083482022-12-31SC3083482023-12-31SC3083482023-01-012023-12-31SC3083482021-12-31SC3083482022-01-012022-12-31SC3083482022-12-31SC308348ns15:Scotland2023-01-012023-12-31SC308348ns14:PoundSterling2023-01-012023-12-31SC308348ns10:Director12023-01-012023-12-31SC308348ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC308348ns10:SmallEntities2023-01-012023-12-31SC308348ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-31SC308348ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC308348ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC308348ns10:FullAccounts2023-01-012023-12-31SC308348ns10:Director22023-01-012023-12-31SC308348ns10:Director32023-01-012023-12-31SC308348ns10:Director42023-01-012023-12-31SC308348ns10:RegisteredOffice2023-01-012023-12-31SC308348ns5:CurrentFinancialInstruments2023-12-31SC308348ns5:CurrentFinancialInstruments2022-12-31SC308348ns5:ShareCapital2023-12-31SC308348ns5:ShareCapital2022-12-31SC308348ns5:RetainedEarningsAccumulatedLosses2023-12-31SC308348ns5:RetainedEarningsAccumulatedLosses2022-12-31SC308348ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-01-012023-12-31SC308348ns5:PlantMachinery2023-01-012023-12-31SC308348ns5:FurnitureFittings2023-01-012023-12-31SC308348ns5:MotorVehicles2023-01-012023-12-31SC308348ns5:ComputerEquipment2023-01-012023-12-31SC308348ns5:LandBuildings2022-12-31SC308348ns5:PlantMachinery2022-12-31SC308348ns5:FurnitureFittings2022-12-31SC308348ns5:LandBuildings2023-01-012023-12-31SC308348ns5:LandBuildings2023-12-31SC308348ns5:PlantMachinery2023-12-31SC308348ns5:FurnitureFittings2023-12-31SC308348ns5:LandBuildings2022-12-31SC308348ns5:PlantMachinery2022-12-31SC308348ns5:FurnitureFittings2022-12-31SC308348ns5:MotorVehicles2022-12-31SC308348ns5:ComputerEquipment2022-12-31SC308348ns5:MotorVehicles2023-12-31SC308348ns5:ComputerEquipment2023-12-31SC308348ns5:MotorVehicles2022-12-31SC308348ns5:ComputerEquipment2022-12-31SC308348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC308348ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: SC308348 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

MHB Consultants Ltd

MHB Consultants Ltd (Registered number: SC308348)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MHB Consultants Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: F L Aitchison
M H Barbour
A C Gray
D M Sooman





REGISTERED OFFICE: 3rd Floor
52 St Enoch Square
Glasgow
G1 4AA





REGISTERED NUMBER: SC308348 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

MHB Consultants Ltd (Registered number: SC308348)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279,585 276,529

CURRENT ASSETS
Debtors 5 1,361,037 1,294,094
Cash at bank 445,008 412,236
1,806,045 1,706,330
CREDITORS
Amounts falling due within one year 6 689,371 618,787
NET CURRENT ASSETS 1,116,674 1,087,543
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,396,259

1,364,072

CAPITAL AND RESERVES
Called up share capital 1,428 1,428
Retained earnings 1,394,831 1,362,644
1,396,259 1,364,072

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.

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 February 2024 and were signed on its behalf by:





M H Barbour - Director


MHB Consultants Ltd (Registered number: SC308348)

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

1. STATUTORY INFORMATION

MHB Consultants Ltd is a private company, limited by shares , registered in Scotland. 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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 15% on cost
Computer equipment - 15% on cost

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 58 (2022 - 52 ) .

MHB Consultants Ltd (Registered number: SC308348)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 217,353 48,430 7,987
Additions - 7,697 -
At 31 December 2023 217,353 56,127 7,987
DEPRECIATION
At 1 January 2023 18,921 32,918 -
Charge for year 2,174 10,456 1,597
At 31 December 2023 21,095 43,374 1,597
NET BOOK VALUE
At 31 December 2023 196,258 12,753 6,390
At 31 December 2022 198,432 15,512 7,987

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 65,918 137,986 477,674
Additions 19,039 22,461 49,197
At 31 December 2023 84,957 160,447 526,871
DEPRECIATION
At 1 January 2023 31,077 118,229 201,145
Charge for year 10,601 21,313 46,141
At 31 December 2023 41,678 139,542 247,286
NET BOOK VALUE
At 31 December 2023 43,279 20,905 279,585
At 31 December 2022 34,841 19,757 276,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,297,567 1,217,968
Other debtors 63,470 76,126
1,361,037 1,294,094

MHB Consultants Ltd (Registered number: SC308348)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 133,629 48,054
Taxation and social security 528,283 520,287
Other creditors 27,459 50,446
689,371 618,787