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REGISTERED NUMBER: 07555599 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Mbp Developments Ltd

Mbp Developments Ltd (Registered number: 07555599)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mbp Developments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Bullen
R S Wallwin





SECRETARY:





REGISTERED OFFICE: South Beeches High Street
Gringley-On-The-Hill
Doncaster
South Yorkshire
DN10 4RG





REGISTERED NUMBER: 07555599 (England and Wales)





ACCOUNTANTS: A S TAXATION LIMITED
59 Lancaster Avenue
Guildford
Surrey
GU1 3JR

Mbp Developments Ltd (Registered number: 07555599)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,143 14,447

CURRENT ASSETS
Stocks 126,000 126,000
Debtors 5 5,598 3,148
Cash at bank 535 9,573
132,133 138,721
CREDITORS
Amounts falling due within one year 6 32,765 74,486
NET CURRENT ASSETS 99,368 64,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,511

78,682

CAPITAL AND RESERVES
Called up share capital 198 198
Retained earnings 110,313 78,484
SHAREHOLDERS' FUNDS 110,511 78,682

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.

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 12 August 2024 and were signed on its behalf by:





M Bullen - Director


Mbp Developments Ltd (Registered number: 07555599)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Mbp Developments Ltd 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 and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Mbp Developments Ltd (Registered number: 07555599)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 2,500 19,928 16,996 519 39,943
Disposals - (2,537 ) - - (2,537 )
At 31 March 2024 2,500 17,391 16,996 519 37,406
DEPRECIATION
At 1 April 2023 - 17,157 7,820 519 25,496
Charge for year - 440 2,294 - 2,734
Eliminated on disposal - (1,967 ) - - (1,967 )
At 31 March 2024 - 15,630 10,114 519 26,263
NET BOOK VALUE
At 31 March 2024 2,500 1,761 6,882 - 11,143
At 31 March 2023 2,500 2,771 9,176 - 14,447

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 5,498 98
Other debtors 100 3,050
5,598 3,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 2,588 2,307
Taxation and social security 8,640 1,608
Other creditors 21,537 70,571
32,765 74,486