2023-04-012024-03-312024-03-31false04927709M B Parker Builders 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M B Parker Builders Limited

Registered Number
04927709
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

M B Parker Builders Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Michael Brian Parker

Company Secretary

PARKER, Angela Jane

Registered Address

192 St Barnabas Road
Woodford Green
Essex
IG8 7DU

Registered Number

04927709 (England and Wales)
M B Parker Builders Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-1,010
Tangible assets45,04710,093
5,04711,103
Current assets
Debtors51,85621,241
Cash at bank and on hand37,81822,483
39,67443,724
Creditors amounts falling due within one year6(23,169)(27,710)
Net current assets (liabilities)16,50516,014
Total assets less current liabilities21,55227,117
Creditors amounts falling due after one year7(20,478)(23,922)
Provisions for liabilities8(959)(1,413)
Net assets1151,782
Capital and reserves
Called up share capital100100
Profit and loss account151,682
Shareholders' funds1151,782
The financial statements were approved and authorised for issue by the Director on 24 September 2024, and are signed on its behalf by:
Michael Brian Parker
Director
Registered Company No. 04927709
M B Parker Builders Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
M B Parker Builders Limited is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Vehicles5
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2335,000
At 31 March 2435,000
Amortisation and impairment
At 01 April 2333,990
Charge for year1,010
At 31 March 2435,000
Net book value
At 31 March 24-
At 31 March 231,010
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2329,036
At 31 March 2429,036
Depreciation and impairment
At 01 April 2318,943
Charge for year5,046
At 31 March 2423,990
Net book value
At 31 March 245,047
At 31 March 2310,093
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables-540
Other debtors1,6064,386
Prepayments and accrued income25016,315
Total1,85621,241
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,2991,456
Bank borrowings and overdrafts17,53619,132
Amounts owed to related parties8189
Taxation and social security4,3266,933
Total23,16927,710
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts20,47823,922
Total20,47823,922
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)9591,413
Total9591,413