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REGISTERED NUMBER: 04754528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

M M Band Services Limited

M M Band Services Limited (Registered number: 04754528)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


M M Band Services Limited

Company Information
for the Year Ended 31 March 2024







Directors: Mr M Moulds
Mr D L A Branney





Registered office: 6 George Street
Driffield
East Yorkshire
YO25 6RA





Registered number: 04754528 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

M M Band Services Limited (Registered number: 04754528)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,077,830 5,615,873
Investments 6 124,368 102,460
6,202,198 5,718,333

CURRENT ASSETS
Stocks 40,975 28,365
Debtors 7 1,703,314 82,518
Cash at bank 307,695 650,337
2,051,984 761,220
CREDITORS
Amounts falling due within one year 8 2,789,353 1,152,965
NET CURRENT LIABILITIES (737,369 ) (391,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,464,829

5,326,588

CREDITORS
Amounts falling due after more than one
year

9

(1,344,010

)

(1,719,469

)

PROVISIONS FOR LIABILITIES 11 (906,003 ) (817,102 )
NET ASSETS 3,214,816 2,790,017

CAPITAL AND RESERVES
Called up share capital 12 101 101
Retained earnings 3,214,715 2,789,916
SHAREHOLDERS' FUNDS 3,214,816 2,790,017

M M Band Services Limited (Registered number: 04754528)

Balance Sheet - continued
31 March 2024


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

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

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 1 August 2024 and were signed on its behalf by:





Mr M Moulds - Director


M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M M Band Services 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 2003, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - No depreciation charged
Plant and machinery - 10% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - at varying rates on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 31,465
AMORTISATION
At 1 April 2023
and 31 March 2024 31,465
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 871,648 63,735 4,064 5,984,572 6,924,019
Additions 132,580 36,750 - 692,549 861,879
Disposals - - - (363,900 ) (363,900 )
At 31 March 2024 1,004,228 100,485 4,064 6,313,221 7,421,998
DEPRECIATION
At 1 April 2023 205,116 12,373 665 1,089,992 1,308,146
Charge for year - 10,049 1,353 127,922 139,324
Eliminated on disposal - - - (103,302 ) (103,302 )
At 31 March 2024 205,116 22,422 2,018 1,114,612 1,344,168
NET BOOK VALUE
At 31 March 2024 799,112 78,063 2,046 5,198,609 6,077,830
At 31 March 2023 666,532 51,362 3,399 4,894,580 5,615,873

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 46,936 3,437,177 3,484,113
DEPRECIATION
At 1 April 2023 4,694 569,314 574,008
Charge for year 4,694 101,562 106,256
At 31 March 2024 9,388 670,876 680,264
NET BOOK VALUE
At 31 March 2024 37,548 2,766,301 2,803,849
At 31 March 2023 42,242 2,867,863 2,910,105

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Classic cars 124,368 102,460

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,628,151 27,250
Other debtors 37,563 46,020
VAT 5,162 9,248
Prepayments and accrued income 32,438 -
1,703,314 82,518

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 75,375 75,375
Hire purchase contracts 934,228 795,012
Trade creditors 57,771 113,655
Corporation tax 56,816 84,142
Social security and other taxes 17,840 7,441
Other creditors 12,249 16,141
Directors' current accounts 193 51,976
Accruals and deferred income 1,634,881 9,223
2,789,353 1,152,965

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 40,526 75,375
Bank loans - 2-5 years 101,124 111,730
Bank loans > 5 years 64,595 92,369
Hire purchase contracts 1,137,765 1,439,995
1,344,010 1,719,469

M M Band Services Limited (Registered number: 04754528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans > 5 years 64,595 92,369

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 281,620 354,849

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 906,003 817,102

Deferred
tax
£   
Balance at 1 April 2023 817,102
Provided during year 88,901
Balance at 31 March 2024 906,003

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100
1 A Ordinary £1 1 1
101 101