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REGISTERED NUMBER: 11719247 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

M&B Care Group Limited

M&B Care Group Limited (Registered number: 11719247)






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




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


M&B Care Group Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Miss S K Virdi
Mrs D K Virdi
Mr B S Virdi





REGISTERED OFFICE: DVS House
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB





REGISTERED NUMBER: 11719247 (England and Wales)





ACCOUNTANTS: Newmans
Chartered Certified Accountants
DVS House
Suite 1, First Floor
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
M&B Care Group Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of M&B Care Group Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of M&B Care Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of M&B Care Group Limited and state those matters that we have agreed to state to the Board of Directors of M&B Care Group Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that M&B Care Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of M&B Care Group Limited. You consider that M&B Care Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of M&B Care Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Newmans
Chartered Certified Accountants
DVS House
Suite 1, First Floor
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB


18 October 2024

M&B Care Group Limited (Registered number: 11719247)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 449,260 185,000
Tangible assets 5 1,084,709 559,600
1,533,969 744,600

CURRENT ASSETS
Cash at bank 53,856 242,155

CREDITORS
Amounts falling due within one year 6 41,202 75,656
NET CURRENT ASSETS 12,654 166,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,546,623

911,099

CREDITORS
Amounts falling due after more than one year 7 1,410,556 763,425
NET ASSETS 136,067 147,674

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 135,947 147,554
SHAREHOLDERS' FUNDS 136,067 147,674

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.

M&B Care Group Limited (Registered number: 11719247)

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 18 October 2024 and were signed on its behalf by:





Mr B S Virdi - Director


M&B Care Group Limited (Registered number: 11719247)

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

1. STATUTORY INFORMATION

M&B Care Group 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

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 Care Group Limited (Registered number: 11719247)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 250,000
Additions 300,000
At 31 December 2023 550,000
AMORTISATION
At 1 January 2023 65,000
Amortisation for year 35,740
At 31 December 2023 100,740
NET BOOK VALUE
At 31 December 2023 449,260
At 31 December 2022 185,000

M&B Care Group Limited (Registered number: 11719247)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 547,587 31,829 1,480 580,896
Additions 514,500 25,000 - 539,500
At 31 December 2023 1,062,087 56,829 1,480 1,120,396
DEPRECIATION
At 1 January 2023 - 20,000 1,296 21,296
Charge for year - 14,207 184 14,391
At 31 December 2023 - 34,207 1,480 35,687
NET BOOK VALUE
At 31 December 2023 1,062,087 22,622 - 1,084,709
At 31 December 2022 547,587 11,829 184 559,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 5,949 23,236
Social security and other taxes 20,887 46,168
Accrued expenses 14,366 6,252
41,202 75,656

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loan - 224,485
Bounce back loan 30,914 39,694
Mortgage loan 863,151 -
Directors' loan accounts 516,491 499,246
1,410,556 763,425

M&B Care Group Limited (Registered number: 11719247)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 894,065 264,179

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
120 Ordinary £1 120 120

10. RESERVES
Retained
earnings
£   

At 1 January 2023 147,554
Deficit for the year (11,607 )
At 31 December 2023 135,947

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their majority shareholding.