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REGISTERED NUMBER: 08352376 (England and Wales)















MBS PLUMBING AND HEATING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2024






MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MBS PLUMBING AND HEATING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: M A Beevor
S Beevor





REGISTERED OFFICE: Sidings House
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU





REGISTERED NUMBER: 08352376 (England and Wales)






MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,680 12,565

CURRENT ASSETS
Debtors 5 329,165 339,660

CREDITORS
Amounts falling due within one year 6 312,842 307,829
NET CURRENT ASSETS 16,323 31,831
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,003

44,396

CREDITORS
Amounts falling due after more than one
year

7

(20,128

)

(36,238

)

PROVISIONS FOR LIABILITIES (2,029 ) (2,387 )
NET ASSETS 4,846 5,771

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 4,845 5,770
4,846 5,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

BALANCE SHEET - continued
31 JANUARY 2024


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 31 October 2024 and were signed on its behalf by:





M A Beevor - Director


MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

MBS Plumbing and Heating Ltd 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.
Plant and machinery etc - 15% on reducing balance

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 3 (2023 - 3 ) .

MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 25,359
DEPRECIATION
At 1 February 2023 12,794
Charge for year 1,885
At 31 January 2024 14,679
NET BOOK VALUE
At 31 January 2024 10,680
At 31 January 2023 12,565

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 244,393 281,747
Other debtors 84,772 57,913
329,165 339,660

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,733 17,511
Hire purchase contracts 1,512 1,512
Trade creditors 219,924 177,002
Taxation and social security 67,053 85,813
Other creditors 4,620 25,991
312,842 307,829

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,885 31,567
Hire purchase contracts 3,243 4,671
20,128 36,238

MBS PLUMBING AND HEATING LTD (REGISTERED NUMBER: 08352376)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
M A Beevor and S Beevor
Balance outstanding at start of year 23,248 50,847
Amounts advanced 106,652 109,698
Amounts repaid (84,248 ) (137,297 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 45,652 23,248