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REGISTERED NUMBER: 02940859 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MBA CONSULTING ENGINEERS LIMITED

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)






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


MBA CONSULTING ENGINEERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTORS: Mr N Crewe
Mr N Chander





REGISTERED OFFICE: 260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: Maple House
Woodlands Business Park
Linford Wood West
Milton Keynes
Buckinghamshire
MK14 6FG





REGISTERED NUMBER: 02940859 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 528,844 556,961

CURRENT ASSETS
Debtors 5 1,796,145 2,313,157
Cash at bank and in hand 1,672,265 2,044,352
3,468,410 4,357,509
CREDITORS
Amounts falling due within one year 6 927,688 1,115,423
NET CURRENT ASSETS 2,540,722 3,242,086
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,069,566

3,799,047

CREDITORS
Amounts falling due after more than one
year

7

(204,146

)

(144,164

)

PROVISIONS FOR LIABILITIES 10 (12,375 ) (17,118 )
NET ASSETS 2,853,045 3,637,765

CAPITAL AND RESERVES
Called up share capital 11 3 3
Share premium 25,843 25,843
Retained earnings 2,827,199 3,611,919
SHAREHOLDERS' FUNDS 2,853,045 3,637,765

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.

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

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 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 6 June 2024 and were signed on its behalf by:





Mr N Crewe - Director


MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

MBA Consulting Engineers 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

The gain or loss arising on disposal of an asset is determined at the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

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.

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Once the contributions have been paid the Company has no further payment obligations.

The assets of the plan are held separately from the Company in independently administered funds.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2022 - 47 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 54,432 396,809 547,827 999,068
Additions - 453,331 27,353 480,684
Disposals - (416,041 ) (13,745 ) (429,786 )
At 31 December 2023 54,432 434,099 561,435 1,049,966
DEPRECIATION
At 1 January 2023 13,608 179,464 249,035 442,107
Charge for year 13,608 134,442 81,536 229,586
Eliminated on disposal - (138,027 ) (12,544 ) (150,571 )
At 31 December 2023 27,216 175,879 318,027 521,122
NET BOOK VALUE
At 31 December 2023 27,216 258,220 243,408 528,844
At 31 December 2022 40,824 217,345 298,792 556,961

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 396,809
Additions 453,331
Disposals (416,041 )
Transfer to ownership (140,702 )
At 31 December 2023 293,397
DEPRECIATION
At 1 January 2023 179,464
Charge for year 134,442
Eliminated on disposal (138,027 )
Transfer to ownership (140,702 )
At 31 December 2023 35,177
NET BOOK VALUE
At 31 December 2023 258,220
At 31 December 2022 217,345

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,540,537 2,023,243
Other debtors 39,587 64,390
Prepayments and accrued income 216,021 225,524
1,796,145 2,313,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 15,225 84,246
Trade creditors 130,731 151,085
Amounts owed to group undertakings 95,660 36,477
Corporation tax 123,191 230,492
Taxation and social security 158,052 162,542
VAT 279,998 279,066
Other creditors 34,485 80,707
Directors' loan accounts 41,779 57,073
Accrued expenses 48,567 33,735
927,688 1,115,423

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 204,146 144,164

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 15,225 84,246
Between one and five years 204,146 144,164
219,371 228,410

Non-cancellable operating leases
2023 2022
£    £   
Within one year 451,524 75,110
Between one and five years 493,384 251,308
944,908 326,418

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 219,371 228,410

The hire purchase contracts are secured over the assets held under the hire purchase agreements.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 12,375 17,118

Deferred
tax
£   
Balance at 1 January 2023 17,118
Provided during year (4,743 )
Balance at 31 December 2023 12,375

MBA CONSULTING ENGINEERS LIMITED (REGISTERED NUMBER: 02940859)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary A £0.01 2 2
63 Ordinary B £0.01 1 1
3 3

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J N M Enterprises Limited, a private company, limited by shares, registered in England and Wales.

J N M Enterprises Limited is under the control of Mr N Crewe, who owns 100% of the issued shares of that company.