MBooth Design Ltd 07662634 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is building consultancy and architectural services Digita Accounts Production Advanced 6.30.9574.0 true 07662634 2023-07-01 2024-06-30 07662634 2024-06-30 07662634 bus:Director2 1 2024-06-30 07662634 core:CurrentFinancialInstruments 2024-06-30 07662634 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 07662634 core:FurnitureFittingsToolsEquipment 2024-06-30 07662634 bus:SmallEntities 2023-07-01 2024-06-30 07662634 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07662634 bus:FullAccounts 2023-07-01 2024-06-30 07662634 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07662634 bus:RegisteredOffice 2023-07-01 2024-06-30 07662634 bus:Director1 2023-07-01 2024-06-30 07662634 bus:Director2 2023-07-01 2024-06-30 07662634 bus:Director2 1 2023-07-01 2024-06-30 07662634 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07662634 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 07662634 core:OfficeEquipment 2023-07-01 2024-06-30 07662634 countries:AllCountries 2023-07-01 2024-06-30 07662634 2023-06-30 07662634 bus:Director2 1 2023-06-30 07662634 core:FurnitureFittingsToolsEquipment 2023-06-30 07662634 2022-07-01 2023-06-30 07662634 2023-06-30 07662634 core:CurrentFinancialInstruments 2023-06-30 07662634 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 07662634 core:FurnitureFittingsToolsEquipment 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 07662634

MBooth Design Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

MBooth Design Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

MBooth Design Ltd

Company Information

Directors

Mrs J Booth

Mr M Booth

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

MBooth Design Ltd

(Registration number: 07662634)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,227

1,636

Current assets

 

Debtors

4

12,514

23,808

Cash at bank and in hand

 

27,670

43,296

 

40,184

67,104

Creditors: Amounts falling due within one year

5

(8,283)

(12,560)

Net current assets

 

31,901

54,544

Total assets less current liabilities

 

33,128

56,180

Provisions for liabilities

(233)

(311)

Net assets

 

32,895

55,869

Capital and reserves

 

Called up share capital

6

10

10

Retained earnings

32,885

55,859

Shareholders' funds

 

32,895

55,869

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 July 2024 and signed on its behalf by:
 

.........................................
Mr M Booth
Director

 

MBooth Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

MBooth Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

- 25% Reducing Balance & Straight Line

Office Equipment

- 25% Reducing Balance & Straight Line

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

MBooth Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

5,538

5,538

At 30 June 2024

5,538

5,538

Depreciation

At 1 July 2023

3,902

3,902

Charge for the year

409

409

At 30 June 2024

4,311

4,311

Carrying amount

At 30 June 2024

1,227

1,227

At 30 June 2023

1,636

1,636

4

Debtors

Current

2024
£

2023
£

Trade debtors

8,572

20,364

Prepayments

3,942

3,444

 

12,514

23,808

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

318

318

Taxation and social security

2,611

4,776

Other creditors

5,354

7,466

8,283

12,560

 

MBooth Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

10

10

10

10

         

7

Related party transactions

Transactions with directors

2024

At 1 July 2023
£

At 30 June 2024
£

Mr M Booth

No interest is charged on the loan and there is no fixed date of repayment.

86

86