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REGISTERED NUMBER: 12885661 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

MBM Management Services Limited

MBM Management Services Limited (Registered number: 12885661)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBM Management Services Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr D Davies
Mrs M K Davies





REGISTERED OFFICE: 7 Ayrshire Way
Averham
Newark
NG23 5FW





REGISTERED NUMBER: 12885661 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

MBM Management Services Limited (Registered number: 12885661)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,806 844

CURRENT ASSETS
Stocks 108,574 -
Debtors 5 12,626 18,869
Cash at bank 15,213 33,761
136,413 52,630
CREDITORS
Amounts falling due within one year 6 131,492 47,609
NET CURRENT ASSETS 4,921 5,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,727

5,865

PROVISIONS FOR LIABILITIES 702 211
NET ASSETS 7,025 5,654

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 7,023 5,652
SHAREHOLDERS' FUNDS 7,025 5,654

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Management Services Limited (Registered number: 12885661)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:




Mrs M K Davies - Director



Mr D Davies - Director


MBM Management Services Limited (Registered number: 12885661)

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

1. STATUTORY INFORMATION

MBM Management Services 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Statement of Income and Retained Earnings, 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 (2022 - 2 ) .

MBM Management Services Limited (Registered number: 12885661)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022 534 1,217 1,751
Additions 2,320 1,092 3,412
At 31 August 2023 2,854 2,309 5,163
DEPRECIATION
At 1 September 2022 134 773 907
Charge for year 680 770 1,450
At 31 August 2023 814 1,543 2,357
NET BOOK VALUE
At 31 August 2023 2,040 766 2,806
At 31 August 2022 400 444 844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,333 -
Directors' current accounts 10,155 18,763
Prepayments and accrued income 138 106
12,626 18,869

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 2,937 2,364
Other creditors 120,944 38,869
Accruals and deferred income 7,611 6,376
131,492 47,609

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

MBM Management Services Limited (Registered number: 12885661)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2023 and the period ended 31 August 2022:

2023 2022
£    £   
Mrs M K Davies and Mr D Davies
Balance outstanding at start of year 18,763 -
Amounts advanced 34,614 26,249
Amounts repaid (43,222 ) (7,486 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,155 18,763

Interest has been charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest of 2% per annum to 5 April 2023 and 2.25% per annum thereafter.

The overdrawn director's loan account was cleared within nine months of the year end.

9. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors amounted to £2,020.