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REGISTERED NUMBER: 07031611 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st December 2023

for

M&B Building Services Ltd

M&B Building Services Ltd (Registered number: 07031611)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&B Building Services Ltd

Company Information
for the year ended 31st December 2023







DIRECTOR: M Berry





SECRETARY: Mrs. M Berry





REGISTERED OFFICE: Jenningsbury Farm
London Road
Hertford
SG13 7NS





REGISTERED NUMBER: 07031611 (England and Wales)





ACCOUNTANTS: Apple Accounting Services Ltd
Chartered Management Accountants
12b Sun Street
Waltham Abbey
Essex
EN9 1EE

M&B Building Services Ltd (Registered number: 07031611)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,949 20,062
14,949 20,062

CURRENT ASSETS
Stocks 4,000 399
Debtors 6 14,793 39,921
Cash at bank 89,061 128,058
107,854 168,378
CREDITORS
Amounts falling due within one year 7 46,976 27,310
NET CURRENT ASSETS 60,878 141,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,827

161,130

PROVISIONS FOR LIABILITIES - 4,715
NET ASSETS 75,827 156,415

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,727 156,315
SHAREHOLDERS' FUNDS 75,827 156,415

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M&B Building Services Ltd (Registered number: 07031611)

Balance Sheet - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2024 and were signed by:





M Berry - Director


M&B Building Services Ltd (Registered number: 07031611)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

M&B Building Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised evenly over its estimated useful life of five years.

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 etc - 33% on reducing balance and 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.

M&B Building Services Ltd (Registered number: 07031611)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 96,000
AMORTISATION
At 1st January 2023
and 31st December 2023 96,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023
and 31st December 2023 70,877
DEPRECIATION
At 1st January 2023 50,815
Charge for year 5,113
At 31st December 2023 55,928
NET BOOK VALUE
At 31st December 2023 14,949
At 31st December 2022 20,062

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 107
Other debtors 14,793 39,814
14,793 39,921

M&B Building Services Ltd (Registered number: 07031611)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 500 63
Taxation and social security 531 3
Other creditors 45,945 27,244
46,976 27,310

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Berry.