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REGISTERED NUMBER: SC351062















MBM ROOFING (EK) LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023






MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,726 11,547

CURRENT ASSETS
Debtors 5 536,698 705,798
Cash at bank and in hand 116,473 251,988
653,171 957,786
CREDITORS
Amounts falling due within one year 6 335,332 696,562
NET CURRENT ASSETS 317,839 261,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,565

272,771

CREDITORS
Amounts falling due after more than one year 7 - (9,688 )

PROVISIONS FOR LIABILITIES (1,468 ) (2,194 )
NET ASSETS 324,097 260,889

CAPITAL AND RESERVES
Called up share capital 21 21
Retained earnings 324,076 260,868
324,097 260,889

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2024 and were signed on its behalf by:





F M McInally - Director


MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

MBM Roofing (EK) Limited is a private company, limited by shares, registered in Scotland. The registered office is The Maxwell Building, Unit 1/1, 55 Nasmyth Avenue, East Kilbride, Glasgow, G75 0BE.

The financial statements are presented in Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. There have been no material departures from that standard. The financial statements have been prepared under the historical cost convention.

Judgements
The company considers on an annual basis the judgements that are made by management when applying its significant accounting policies that would have the most significant effect on amounts that are recognised in the financial statements. The directors consider there are no such significant judgements.

Turnover
Turnover represents the invoice value of goods and services supplied during the year, excluding value added tax. The company's policy is to recognise income when substantively all risks and rewards in connection with the goods and services supplied have been passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost and 33% on reducing balance

Fixed assets are included in the balance sheet at cost less accumulated depreciation and accumulated impairment losses.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like plant and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount which is the higher of value in use and the fair value less cost to sell, is estimated and compared with the carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit and loss.

MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.

Debt instruments like loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

With the exception of changes arising on the initial recognition of a business combination, the tax expense is presented either in profit or loss, other comprehensive income or statement of changes in equity depending on the transaction that resulted in the tax expense.

Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

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 shorter.

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

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 37,827
DEPRECIATION
At 1 December 2022 26,280
Charge for year 3,821
At 30 November 2023 30,101
NET BOOK VALUE
At 30 November 2023 7,726
At 30 November 2022 11,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 364,493 516,732
Amounts owed by group undertakings 164,969 166,784
Other debtors 7,236 22,282
536,698 705,798

MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,874 53,335
Trade creditors 219,654 457,201
Amounts owed to group undertakings 8,591 74,110
Taxation and social security 76,944 48,309
Other creditors 25,269 63,607
335,332 696,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 9,688

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Invoice financing facility 5,268 5,093

The invoice financing facility is secured over the related trade debtor balances.

9. RELATED PARTY DISCLOSURES

Amounts due from the holding and parent company are as follows:

MBM Holdings (EK) Limited £164,969 (2022 - £166,784)

MBM Roofing (EK) Limited paid a dividend of £83,901 (2022 - £60,000) to MBM Holdings (EK) Limited.

Amounts due from associated companies is as follows:

MBM (Cladding) Limited £195,684 (2022 - £140,843)

In relation to other associated companies outwith the group, the company was owed £1,529 (2022: £90,593 owed to) by MBM Hard Metals Ltd. This company is under the control of the director.

The above amounts are all repayable on demand and interest free.

At the year end, the company also owed the directors £5,125 (2023: £6,157). This amount is repayable on demand, unsecured and interest free.

MBM ROOFING (EK) LIMITED (REGISTERED NUMBER: SC351062)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. ULTIMATE PARENT COMPANY

The ultimate parent company is MBM Holdings (EK) Limited which has its registered office at The Maxwell Building, Unit 1/1, 55 Nasmyth Avenue, East Kilbride, Glasgow, G75 0BE.

11. LEASING COMMITMENTS

The company had total lease commitments at the balance sheet date of £45,494 (2022 - £19,656).