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Registered Number: 13362341
England and Wales

 

 

 

MB SUPPLIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2023

End date: 31 March 2024
Director Mr Melvin Byrne
Registered Number 13362341
Registered Office Stoneleigh
Wapping Lane
Beoley
B98 9ER
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B15 3EZ
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 36,053    23,953 
36,053    23,953 
Current assets      
Stocks 4 32,400    129,598 
Debtors 5 36,342    35,722 
Cash at bank and in hand 10,662    3,640 
79,404    168,960 
Creditors: amount falling due within one year 6 (69,927)   (168,438)
Net current assets 9,477    522 
 
Total assets less current liabilities 45,530    24,475 
Creditors: amount falling due after more than one year 7 (27,343)   (23,115)
Net assets 18,187    1,360 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 18,087    1,260 
Shareholders' funds 18,187    1,360 
 


For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 12 September 2024 and were signed by:


-------------------------------
Mr Melvin Byrne
Director
2
General Information
MB SUPPLIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13362341, registration address Stoneleigh, Wapping Lane, Beoley, B98 9ER.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20 Straight Line
Fixtures and Fittings 20 % Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 April 2023 35,374    3,704    39,078 
Additions 42,583      42,583 
Disposals (35,375)     (35,375)
At 31 March 2024 42,582    3,704    46,286 
Depreciation
At 01 April 2023 14,150    975    15,125 
Charge for year 8,516    741    9,257 
On disposals (14,149)     (14,149)
At 31 March 2024 8,517    1,716    10,233 
Net book values
Closing balance as at 31 March 2024 34,065    1,988    36,053 
Opening balance as at 01 April 2023 21,224    2,729    23,953 


4.

Stocks

2024
£
  2023
£
Stocks 32,400    129,598 
32,400    129,598 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 15,916    8,692 
VAT 20,426    22,328 
36,342    31,020 

5.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors   4,702 
  4,702 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 720    61,952 
Corporation Tax 5,101    776 
Accrued Expenses 1,050    1,350 
Other Creditors 7,457    6,447 
Directors' Current Accounts 55,599    97,913 
69,927    168,438 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 27,343    23,115 
27,343    23,115 

3