Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31false2023-01-01falseNo description of principal activity44trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12378933 2023-01-01 2023-12-31 12378933 2022-01-01 2022-12-31 12378933 2023-12-31 12378933 2022-12-31 12378933 c:Director1 2023-01-01 2023-12-31 12378933 c:RegisteredOffice 2023-01-01 2023-12-31 12378933 d:PlantMachinery 2023-01-01 2023-12-31 12378933 d:PlantMachinery 2023-12-31 12378933 d:PlantMachinery 2022-12-31 12378933 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12378933 d:MotorVehicles 2023-01-01 2023-12-31 12378933 d:MotorVehicles 2023-12-31 12378933 d:MotorVehicles 2022-12-31 12378933 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12378933 d:OfficeEquipment 2023-01-01 2023-12-31 12378933 d:OfficeEquipment 2023-12-31 12378933 d:OfficeEquipment 2022-12-31 12378933 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12378933 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12378933 d:CurrentFinancialInstruments 2023-12-31 12378933 d:CurrentFinancialInstruments 2022-12-31 12378933 d:Non-currentFinancialInstruments 2023-12-31 12378933 d:Non-currentFinancialInstruments 2022-12-31 12378933 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12378933 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12378933 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12378933 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 12378933 d:ShareCapital 2023-12-31 12378933 d:ShareCapital 2022-12-31 12378933 d:RetainedEarningsAccumulatedLosses 2023-12-31 12378933 d:RetainedEarningsAccumulatedLosses 2022-12-31 12378933 c:FRS102 2023-01-01 2023-12-31 12378933 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12378933 c:FullAccounts 2023-01-01 2023-12-31 12378933 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 12378933







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


MB ESTATES SURREY LIMITED






































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MB ESTATES SURREY LIMITED
 


 
COMPANY INFORMATION


Director
M McElduff 




Registered number
12378933



Registered office
Cheeca Lodge
Flower Lane

Godstone

Surrey

RH9 8DE




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY





 


MB ESTATES SURREY LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


MB ESTATES SURREY LIMITED
REGISTERED NUMBER:12378933



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
69,710
73,958

  
69,710
73,958

Current assets
  

Stocks
  
3,276,578
1,352,432

Debtors: amounts falling due within one year
 5 
6,060
487,483

Cash at bank and in hand
  
5,181
92,646

  
3,287,819
1,932,561

Creditors: amounts falling due within one year
 6 
(2,204,141)
(1,076,151)

Net current assets
  
 
 
1,083,678
 
 
856,410

Total assets less current liabilities
  
1,153,388
930,368

Creditors: amounts falling due after more than one year
 7 
(22,474)
(60,180)

Provisions for liabilities
  

Deferred tax
  
(6,216)
(1,816)

  
 
 
(6,216)
 
 
(1,816)

Net assets
  
1,124,698
868,372

Page 1

 


MB ESTATES SURREY LIMITED
REGISTERED NUMBER:12378933


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Allotted, called up and fully paid share capital
  
100
100

Profit and loss account
  
1,124,598
868,272

  
1,124,698
868,372


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M McElduff
Director

Date: 6 September 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


MB ESTATES SURREY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

MB Estates Surrey Limited is a private company, limited by shares and registered in England and Wales. The address of the registered office is disclosed on the company information page of these financial statements.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is derived from providing subcontracting services in the building trade. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.3

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Statement of financial position date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


Page 3

 


MB ESTATES SURREY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
per annum on cost
Motor vehicles
-
25%
per annum on cost
Office equipment
-
25%
per annum on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Work in progress is valued on the basis on direct costs incurred. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of the work in progress.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including the director, during the year was 4 (2022 - 4).

Page 4

 


MB ESTATES SURREY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
71,172
14,163
13,576
98,911


Additions
-
20,710
723
21,433



At 31 December 2023

71,172
34,873
14,299
120,344



Depreciation


At 1 January 2023
17,793
3,691
3,469
24,953


Charge for the year on owned assets
17,793
4,404
3,484
25,681



At 31 December 2023

35,586
8,095
6,953
50,634



Net book value



At 31 December 2023
35,586
26,778
7,346
69,710



At 31 December 2022
53,379
10,472
10,107
73,958


5.


Debtors

2023
2022
£
£


Trade debtors
-
960

Amounts owed by group undertakings
100
262,823

Other debtors
5,960
223,700

6,060
487,483


Page 5

 


MB ESTATES SURREY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other loans
32,425
10,000

Trade creditors
489,563
250,603

Amounts owed to group undertakings
397,000
92,708

Corporation tax
283,654
194,365

Other taxation and social security
301,292
148,197

Obligations under finance lease and hire purchase contracts
17,582
17,176

Other creditors
675,860
352,975

Accruals and deferred income
6,765
10,127

2,204,141
1,076,151


The hire purchase contracts are secured against the fixed assets included in these contracts.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
-
28,855

Net obligations under finance leases and hire purchase contracts
22,474
31,325

22,474
60,180


The hire purchase contracts are secured against the fixed assets included in these contracts.


8.


Transactions with the director

At the beginning of the year the company owed the director £138,795 (2022 - £3,295), during the year the director received advances of £301,573 (2022 - £108,714) and made payments of behalf of the company of £598,305 (2022 - £244,214). At the end of the year the company owed the director £435,527 (2022 - £138,795). No interest has been charged by the director on this loan.

 
Page 6