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Registered Number: 09885933
England & Northern Ireland

 

 

 

MB MEMBRANES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Directors Neil McNamara
Stephen Robert Benson
Registered Number 09885933
Registered Office UNIT 7 CECIL COURT
PEGRAMS ROAD
HARLOW
ESSEX
CM18 7QR
Accountants Mr Joseph John Mills FFA, FIPA
M & A Accountancy Services S.L
Calle Los Huertos 97, LN5
Nerja
29780
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial year was of Membrane Fabric manufactures
Directors
The directors who served the company throughout the year were as follows:
Neil McNamara
Stephen Robert Benson
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Neil McNamara
Director

Date approved: 27 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
M & A ACCOUNTING SERVICES S.L
30 November 2023



....................................................
Mr Joseph John Mills FFA, FIPA
M & A Accountancy Services S.L
Calle Los Huertos 97, LN5
Nerja
29780
27 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 131,967    2,240 
131,967    2,240 
Current assets      
Debtors 4 576,211    563,482 
Cash at bank and in hand 190,240    65,322 
766,451    628,804 
Creditors: amount falling due within one year 5 (409,304)   (319,044)
Net current assets 357,147    309,760 
 
Total assets less current liabilities 489,114    312,000 
Provisions for liabilities 6 (4,274)   (42,369)
Net assets 484,840    269,631 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 484,830    269,621 
Shareholders' funds 484,840    269,631 
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 August 2024 and were signed on its behalf by:


-------------------------------
Neil McNamara
Director
4
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 10  136,687  136,697 
Profit for the year 290,021  290,021 
Total comprehensive income for the year 290,021  290,021 
Dividends (157,087) (157,087)
Total investments by and distributions to owners (157,087) (157,087)
At 30 November 2022 10  269,621  269,631 
At 01 December 2022 10  269,621  269,631 
Profit for the year 630,044  630,044 
Total comprehensive income for the year 630,044  630,044 
Dividends (414,835) (414,835)
Total investments by and distributions to owners (414,835) (414,835)
At 30 November 2023 10  484,830  484,840 
5
General Information
MB MEMBRANES LIMITED is a private company, limited by shares, registered in England & Northern Ireland, registration number 09885933, registration address UNIT 7 CECIL COURT, PEGRAMS ROAD, HARLOW, ESSEX, CM18 7QR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Research and development expenditure
Research and development expenditure is charged to the income statement in the period in which it is incurred.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Computer Equipment 33.33% Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 21 (2022 : 21).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 December 2022 8,439    12,500    1,136    22,075 
Additions   130,424      130,424 
Disposals      
At 30 November 2023 8,439    142,924    1,136    152,499 
Depreciation
At 01 December 2022 6,510    12,500    825    19,835 
Charge for year 386      311    697 
On disposals      
At 30 November 2023 6,896    12,500    1,136    20,532 
Net book values
Closing balance as at 30 November 2023 1,543    130,424      131,967 
Opening balance as at 01 December 2022 1,929      311    2,240 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Trade Debtors 494,269    441,091 
Advance Received (38,216)  
CIS Control Account   49,503 
VAT 120,158    72,888 
576,211    563,482 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 107,032    154,104 
Capital on Tap 10,082    5,059 
Lloyds Bank credit Card 5,017    2,528 
Funding Loan 2,513    24,420 
Corporation Tax 119,650    103,974 
PAYE & Social Security 47,543    26,037 
Accrued Expenses 110,295   
Other Creditors 3    1 
Attachment of Earnings 6,719    2,463 
Jack Shaves Holiday Account 450    450 
Director: Stephen Robert Benson  
409,304    319,044 

6.

Provisions for liabilities

2023
£
  2022
£
Pension Provisions 4,274    42,369 
4,274    42,369 

6