IRIS Accounts Production v24.2.0.383 04605875 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046058752022-12-31046058752023-12-31046058752023-01-012023-12-31046058752021-12-31046058752022-01-012022-12-31046058752022-12-3104605875ns15:EnglandWales2023-01-012023-12-3104605875ns14:PoundSterling2023-01-012023-12-3104605875ns10:Director12023-01-012023-12-3104605875ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3104605875ns10:SmallEntities2023-01-012023-12-3104605875ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3104605875ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3104605875ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3104605875ns10:FullAccounts2023-01-012023-12-3104605875ns10:Director22023-01-012023-12-3104605875ns10:RegisteredOffice2023-01-012023-12-3104605875ns5:CurrentFinancialInstruments2023-12-3104605875ns5:CurrentFinancialInstruments2022-12-3104605875ns5:Non-currentFinancialInstruments2023-12-3104605875ns5:Non-currentFinancialInstruments2022-12-3104605875ns5:ShareCapital2023-12-3104605875ns5:ShareCapital2022-12-3104605875ns5:RetainedEarningsAccumulatedLosses2023-12-3104605875ns5:RetainedEarningsAccumulatedLosses2022-12-3104605875ns5:ComputerEquipment2023-01-012023-12-3104605875ns5:ComputerEquipment2022-12-3104605875ns5:ComputerEquipment2023-12-3104605875ns5:ComputerEquipment2022-12-3104605875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3104605875ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 04605875 (England and Wales)















MEMBRACON (UK) LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






MEMBRACON (UK) LIMITED (REGISTERED NUMBER: 04605875)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MEMBRACON (UK) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M J Williams
C G Stanford





REGISTERED OFFICE: Derwent House
42-46 Waterloo Road
Wolverhampton
West Midlands
WV1 4XB





REGISTERED NUMBER: 04605875 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

MEMBRACON (UK) LIMITED (REGISTERED NUMBER: 04605875)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,903 2,185

CURRENT ASSETS
Stocks 145,304 119,825
Debtors 5 292,736 340,845
Cash at bank 84,620 162,584
522,660 623,254
CREDITORS
Amounts falling due within one year 6 344,772 452,041
NET CURRENT ASSETS 177,888 171,213
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,791

173,398

CREDITORS
Amounts falling due after more than one
year

7

14,167

24,167
NET ASSETS 165,624 149,231

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 165,524 149,131
SHAREHOLDERS' FUNDS 165,624 149,231

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MEMBRACON (UK) LIMITED (REGISTERED NUMBER: 04605875)

Balance Sheet - continued
31 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 Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





M J Williams - Director


MEMBRACON (UK) LIMITED (REGISTERED NUMBER: 04605875)

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

1. STATUTORY INFORMATION

Membracon (Uk) 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.
Computer equipment - 10% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2022 - 5 ) .

MEMBRACON (UK) LIMITED (REGISTERED NUMBER: 04605875)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 13,887
Additions 333
At 31 December 2023 14,220
DEPRECIATION
At 1 January 2023 11,702
Charge for year 615
At 31 December 2023 12,317
NET BOOK VALUE
At 31 December 2023 1,903
At 31 December 2022 2,185

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 208,651 99,193
Other debtors 84,085 241,652
292,736 340,845

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 215,069 130,049
Taxation and social security (8,225 ) 60,565
Other creditors 127,928 251,427
344,772 452,041

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

8. RELATED PARTY DISCLOSURES

During the period the company incurred direct costs of £17,534 (£204,965 - 2022) and incurred administration costs of £65,000 (£65,000 - 2022) from related parties.

9. ULTIMATE CONTROLLING PARTY

During the current and previous year the company had no ultimate controlling party due to no one person owning 50% or more of the company's share capital.